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7854 S South Shore Dr Apt 313
Condo
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$49,000

$123/sqft

7854 S South Shore Dr Apt 313, Chicago

96% below median
0 bd·1 ba·400 sqft
Built 1974South Shore

7854 S South Shore Dr Apt 313, Chicago, IL

0 bd · 1 ba · 400 sqft Condo listed at $49,000, built in 1974 in the South Shore neighborhood.

About this home

Discover unbeatable value in this bright studio residence located right on South Shore Drive, just minutes from the lakefront. This well-maintained unit offers great natural light and an efficient layout perfect for a primary home or income-producing rental. The building is investor-friendly and features secure entry, professional management, and convenient common-area laundry. Enjoy being moments from the beach, bike paths, and scenic lakefront parks, plus quick access to Lake Shore Drive, Hyde Park, the University of Chicago, and Downtown. Ideal for those seeking a low-maintenance residence with strong rental potential in one of Chicago's iconic lakefront neighborhoods. A fantastic opportunity at an attractive price point.

Property details

Price
$49,000
Bedrooms
0
Bathrooms
1
Interior
400 sqft
Price / sqft
$123
Year built
1974
Type
Condo
Days on market
138
Est. property tax
$1,019/yr · $85/mo · 2.08% IL avg
HOA
$189/mo
Last sold
$42,500 · May 2023

Estimated monthly payment

Down payment20% ($9,800)
Interest rate6.75%
Principal & Interest$254
Property Tax$45
Insurance$150
Total$449/mo

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Price history

▼ 2%Most recent change on 2026-04-09: $50,000 → $49,000.

$71K$33K$-6K$22K on Mar 84 (Sold)$45K on Apr 23 (Initial list)$43K on May 23 (Sold)$1K on Jun 23 (Price change)$1K on Jul 23 (Price change)$1K on Jul 23 (Price change)$1K on Aug 23 (Price change)$1K on Sep 23 (Price change)$65K on Dec 25 (Initial list)$63K on Jan 26 (Price change)$54K on Feb 26 (Price change)$50K on Feb 26 (Price change)$49K on Apr 26 (Price change)
$22K · Mar 84$49K · Apr 26
  1. Apr 9, 2026$49,000Price change
  2. Feb 28, 2026$50,000Price change
  3. Feb 3, 2026$54,000Price change
  4. Jan 11, 2026$63,000Price change
  5. Dec 9, 2025$65,000Initial list price
  6. Sep 12, 2023$900Price change
  7. Aug 25, 2023$900Price change
  8. Jul 25, 2023$900Price change
  9. Jul 25, 2023$900Price change
  10. Jun 6, 2023$900Price change
  11. May 10, 2023$42,500Sold
  12. Apr 3, 2023$45,000Initial list price
  13. Mar 30, 1984$21,500Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 7854 S South Shore Dr Apt 313, Chicago
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Home Intelligence

Neighborhood (zip 60649)

This neighborhood is primarily renter-occupied (25% owner-occupied). Median age is 37.5; 15% hold a bachelor's degree; median household income is $39,862.

Median income
$39,862
Median age
37.5
Owner-occupied
24.5%
Bachelor's degree
14.7%
Census median home value
$187,200

Source: US Census Bureau American Community Survey 5-year estimates.

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