7325 Exchange AveChicago, IL 60649
- Other commercial real estate
- 14,500 SF
Property Details for 7325 Exchange Ave
- Year built
- 1958
- Lot size
- 0.56 AC
- Property size (Sq ft)
- 14,500 SF
- Property type
- Other commercial real estate
- APN
- 21-30-112-051
- APU
- 2130112051
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $5,333,778
- Hospitality
- $4,885,712
- Educational
- $4,064,855
- Medical
- $4,204,652
- Retail
- $6,323,108
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.7623
- Longitude
- -87.5624
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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