7325 Exchange AveChicago, IL 60649

Property Details for 7325 Exchange Ave

Year built

1958

Lot size

0.56 AC

Property size (Sq ft)

14,500 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,281,200

  6.5%

  $4,874,960

  7%

  $4,526,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,888,620

  Geo Method

  $1,888,620

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,840,540

  Retail / Commercial

  $4,998,640

  Mixed-Use / Specialty

  $4,943,350

  Hospitality / Lodging

  $3,578,000

  Office

  $4,874,960

  Institutional / Educational

  $5,125,700

  Residential Income

  $5,997,070

  Multifamily

  $7,400,260

  Automotive / Energy

  $4,393,460

  Parking / Income-Based Land

  $1,553,140

  Restaurant / Food Service

  $2,491,120

  Healthcare / Senior Housing

  $5,107,730

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

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