7716-18 South East End Avenue

South Shore is bounded by 67th Street to the north, 79th Street to the south, Stony Island Avenue to the west and Lake Michigan to the east. The proximity to Lake Shore Drive and the South Shore Metra station makes this area accessible for downtown commuters. The beautiful architecture of the area highlights the prominence of the neighborhood. The neighborhood encompasses Rainbow Beach, which provides access to Lake Michigan for residents and visitors of South Shore. Jackson Park, the Museum of Science and Industry and The University of Chicago are all located within close proximity of South Shore. Several highly anticipated projects, including the Obama Presidential Center, which will provide a world-class museum and public gathering space for residents and tourists. According to an analysis by CoStar, the past 12 months have seen a record $103 million dollars in investment sales in the area. This is up from a long-term average of $36 million dollars. Further, an increase in renter demand has caused the average occupancy to reach a 20 year high.Essex has been exclusively engaged to market for sale a 16-unit multifamily property located at 7716–18 S. East End Avenue in Chicago’s South Shore neighborhood. The offering consists of a well-maintained walk-up building comprised entirely of spacious one-bedroom units, providing an efficient and highly leasable unit mix. This investment presents a clear and executable value-add opportunity to significantly increase revenue through improved management and leasing, along with strategic unit renovations to capture market rents. Approximately one-third of the units have already received cosmetic upgrades, allowing a new owner to continue a proven renovation program and drive rental growth across the remaining units. In addition to strong in-place income, the property benefits from an on-site laundry facility, offering additional revenue potential and enhanced tenant appeal. With below-market rents, a straightforward operational upside, and a desirable location near the lakefront, this asset offers investors the opportunity to quickly unlock value and generate meaningful returns in one of Chicago’s most established and accessible neighborhoods.