For Sale
$4,900,000

7325 Exchange AveChicago, IL 60649

93-Unit Senior Housing Complex, $4.9M

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 66,000 sq ft senior living facility in Chicago's South Shore neighborhood presents a compelling investment opportunity. The property, encompassing three buildings on a 42,967 sq ft lot (APN 21301120510000), features 93 resident rooms in various configurations (1-4 beds), totaling 210 beds. Built in 1998 and renovated in 1998, the main building is five stories, with additional single-story structures. Amenities include a spacious reception area, staff offices, a large kitchen with walk-in coolers, two resident dining areas, outdoor activity spaces, and an expansive rooftop deck. Two parking lots provide space for up to 50 vehicles. The property is conveniently located on Exchange Ave, two blocks from the 71st Street Metra station, and near Rainbow Beach & Park, South Shore Beach and Golf Course, and Jackson Park Golf Course. Currently vacant, this property is zoned PD 594 and offers significant potential for redevelopment or repurposing within the thriving South Shore community. The asking price is $4,900,000.

Highlights

  • $4,900,000 asking price for a 66,000 square foot senior living facility.
  • 93 resident rooms with 210 beds in a 5-story building and multiple single-story buildings.
  • Located in Chicago's South Shore neighborhood at 7325 S Exchange Ave, near public transportation and recreational areas.
  • Built in 1998 and renovated in 1998, the property sits on a 42,967 square foot lot.
  • Features include a large reception area, staff offices, multiple dining areas, outdoor spaces, a rooftop deck, and parking for up to 50 cars.
  • Currently vacant.

Property Details for 7325 Exchange Ave

Property type
Specialty properties, Retirement homes
Square Feet
66,000 SF
Year Renovated
1998
Buildings
3
Units
93

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.761984571237
Longitude
-87.562660331083
7325 Exchange Ave, Chicago, Illinois

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7325 Exchange Ave
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