For Sale: 7854 S South Shore Drive #502, Chicago, IL 60649. 2-bedroom 2-bath, 1200 sf, 1975 SOUTH SHORE $75,000 begin new search
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Overview

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.

Address 7854 S South Shore Drive

Unit# 502


Chicago, IL 60649
Listing Status PRICE_CHANGE
Asking Price $75,000
On Market Date $78,000 @ Sep 9, 2026
Original Entry Sep 9, 2026
Rooms
No additional rooms
Square Footage 1200 sf
Bedrooms 2
Full Bathrooms 2
Location
Directions Take 79th East to South Shore.
Neighborhood SOUTH SHORE
School District Not Listed
Ownership
Property Type Fee Simple
Assessment $459
Listing History
Timeline Notes
Sep 18, 2026Price reduced to $75,000 #MRD12754473
Sep 9, 2026Listed for $78,000 #MRD12754473
Public Records
County Cook
Tax PIN 21304170521048
Property Tax $433 for the year 2025
Lake Michigan Distance 0.5 miles
Exterior
Style Attached Single
Material Not Listed
Lot Size 197 x 100
Fencing Not Listed
Topography Not Listed
Entry Steps 5
Swimming Pool Not Listed
Parking
Assigned
Alley Access
Secured
Yes
Owned
Total Spaces: 1
Garage Spaces: 0
Non-Garage Spaces: 0 -
View Not Listed
Features
Year Built 1975
Laundry Location Common Area
Elevator Not Listed
Cooling Wall Unit(s)
Heating Natural Gas, Baseboard
Sewer/Septic Public Sewer
Fireplaces Not Listed
Additional Parcels No
Appliances No
Assessments No
Association No
Association Fee 2 0
Association Fee Frequency Monthly
Attached Garage No
Basement None
Below Grade Finished Area 0
Carport Spaces 0
Cooling No
Heating No
High School District 299
Land Lease No
Laundry No
Living Area Source Estimated
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking No
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12754473
Courtesy of Berkshire Hathaway HomeServices Chicago