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.
Property Details
Price:
$75,000
MLS #:
MRD12754473
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Neighborhood:
chisouthshore
Listed Date:
Sep 9, 2026
Finished Sq Ft:
1,200
Year Built:
1975
See this Listing
Schools
School District:
299
Elementary School:
Powell Elementary School Paideia
Middle School:
Powell Elementary School Paideia
Interior
Bathrooms
2 Full Bathrooms
Cooling
Wall Unit(s)
Heating
Natural Gas, Baseboard
Laundry Features
Common Area
Exterior
Construction Materials
Brick
Parking Features
Assigned, Alley Access, Secured, Yes, Owned
Parking Spots
1
Parking Total
1
Financial
HOA Fee
$459
HOA Fee Frequency
Monthly
HOA Includes
Heat, Water, Parking, Insurance, Exterior Maintenance, Snow Removal
Tax Year
2025
Taxes
$433
Map
Community
- Address7854 S South Shore Drive #502 Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
Market Summary
Current real estate data for Single Family in Chicago as of Oct 08, 2026
2,699
Single Family Listed
67
Avg DOM
239
Avg $ / SqFt
$567,174
Avg List Price
Property Summary
- 7854 S South Shore Drive #502 Chicago IL is a Single Family for sale in Chicago, IL, 60649. It is listed for $75,000 and features 2 beds, 2 baths, and has approximately 1,200 square feet of living space, and was originally constructed in 1975. The current price per square foot is $63. The average price per square foot for Single Family listings in Chicago is $239. The average listing price for Single Family in Chicago is $567,174.
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7854 S South Shore Drive #502
Chicago, IL


