7854 S South Shore Drive # 502
Chicago, IL, 60649 $ 78,000
Bedrooms2 Baths2.0 Sq 1,200 Monthly Estimate*
$ 493
for $78,000 with 2 bedrooms and 2 full baths. This 1,200 square foot condo was built in 1975.
Top-Floor Living Near Chicago's Lakefront! Looking for an updated Chicago condo with space, convenience, and a location that puts the lakefront within easy reach? This 2-bedroom, 2-bathroom condo in South Shore checks the boxes. With a refreshed interior, designated covered parking, and additional storage, this is an opportunity worth exploring. Step inside and enjoy a spacious layout featuring new appliances, updated cabinets, fresh paint, and new flooring. The improvements bring a clean, modern feel to the home, while two full bathrooms provide added flexibility for everyday living. Top-floor positioning is another welcome feature, offering the benefit of no unit directly above. The location makes it easy to enjoy what South Shore has to offer. Spend time along Lake Michigan, head to Rainbow Beach for a lakefront outing, or take advantage of nearby commuting routes for convenient access throughout Chicago. From outdoor recreation to neighborhood shopping and dining, this address puts a variety of everyday destinations within reach. Designated covered parking and storage add practical value, while the building's investor-friendly policies make the property appealing to buyers considering rental or investment opportunities, subject to association requirements. **An approved short sale price, recent updates, and a desirable lakefront-area location make this South Shore condo one to see.** Schedule your private showing and discover the possibilities. Cash or equivalent offers only. The building is non-warrantable due to its rental ratio and is not eligible for conventional financing. Buyers should verify association requirements, rental policies, financing eligibility, and all property details.
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FeaturesGeneralLiving Area 1200
Sewer Public Sewer
Heating Natural Gas Baseboard
Cooling Wall Unit(s)
Possession Closing
HOA Fee 459
Association Fee Includes Heat Water Parking Insurance Exterior Maintenance Snow Removal
Construction Materials Brick
Pets Allowed Number Limit
Year Built 1975
Township Hyde Park
Unit Number 502
Tax Year 2025
Ownership Fee Simple
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Total Rooms 5
Full Baths 2
Status New
Directions Take 79th East to South Shore.
City Chicago
High School District 299
MLS Area CHI - South Shore
Elementary School Powell Elementary School Paideia
Tax Annual Amount 433.4
Middle/Junior High School Powell Elementary School Paideia
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo
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InteriorBasement None
Total Stories 5
Half Baths 0
Laundry Features Common Area
Total Bedrooms 2
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 2
Total Number of Units 60
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ExteriorParking Features Assigned Alley Access Secured Yes Owned
Water Source Public
Total Parking 1
Lot Dimensions 197 x 100
Waterfront Y/N N
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices ChicagoBroker
achaudhry@bhhschicago.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $493
- Monthly Property Taxes
- $36
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $628,418
Percent of Sale Price 706%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
5556500 Elementary School
5556500 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/9/2026 | $78,000 | | Listed Price |