7325 South Exchange Avenue

Chicago, IL 60649

$4,900,000
Price
837
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This attractive former Rainbow Beach Nursing Facility, located in the thriving South Shore neighborhood, offers 93 resident rooms with a variety of 1- to 4-bed layouts. The first floor includes a spacious reception area, staff offices, a main dining room with a large kitchen featuring walk-in coolers, two resident dining areas, outdoor activity spaces, an expansive rooftop deck, and two large parking lots accommodating up to 50 cars. This 66,000 sq ft property comprises a substantial 5-story building,...This attractive former Rainbow Beach Nursing Facility, located in the thriving South Shore neighborhood, offers 93 resident rooms with a variety of 1- to 4-bed layouts. The first floor includes a spacious reception area, staff offices, a main dining room with a large kitchen featuring walk-in coolers, two resident dining areas, outdoor activity spaces, an expansive rooftop deck, and two large parking lots accommodating up to 50 cars. This 66,000 sq ft property comprises a substantial 5-story building, built in 1998, along with multiple connected single-story buildings. Situated on Exchange Ave, it is just two blocks from the 71st Street Metra South Shore train stop and close to the lake, Rainbow Beach & Park, South Shore Beach and Golf Course, and Jackson Park Golf Course. This facility boasts an appealing combination of resident rooms and amenities.
  1. Listed by Kirby Pearson • Pearson Realty Group

Property Details for 7325 South Exchange Avenue

Area
CHI - South Shore
Zoning
COMMR
LISTING UPDATED: 11/11/2024 12:07 AM

Property Details for 7325 South Exchange Avenue

StatusActive
MLS #12203547
Days on Market61
Taxes$113,546 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Assisted Care
Year Built1998
Lot Size0.99 AC / 42,967 SF
CountyCook County

Building Information for 7325 South Exchange Avenue

Stories5Residences93Year Built1998Building Size-Lot Size0.99 AC / 42,967 SF

Property Information for 7325 South Exchange Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 31-50 Spaces
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat,Gas
  • Num of Baths: 0.0
Property/Lot Information
  • Built Before 1978: No
  • Approximate Age: Older
  • Multi-Family Type: Assisted Care,Senior
  • Lot Dimensions: 42967 SQ FT
  • Lot Size Square Feet: 42967.0
  • Stories: 5
  • Building Area Total: 66000
  • Lot Size Source: Other
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 23
Miscellaneous
  • Current Use: Special Use, Elderly Housing
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 93
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Beds Total: 9
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 93
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7325 South Exchange Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7325 South Exchange Avenue

Taxable ValueLand$55,125Additions$529,871Total$584,996
Tax Record2022$120,323 ($10,027 / month)
Home Facts
Total Finished SqFt14,500 SqFtAbove Grade Finished SqFt14,500 SqFtStories1Lot Size24,500 SqFtStyleMiscellaneous CommercialYear Built1958CountyCOOKAPN21-30-112-051

Schools near 7325 South Exchange Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Powell Elementary Paideia Community Academy
PublicPK to 8

Excel Academy - Woodlawn HS
Public9 to 12

South Shore Intl Col Prep High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7325 South Exchange Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on November 4, 2024 by Pearson Realty Group, it's currently listed at $4,900,000. It has been on the market for a total of 61 days and was last sold on August 31, 2005. This listing's school district is Chicago Public Schools. Nearby schools include Powell Elementary Paideia Community Academy, Chicago Vocational Career Academy High School and Excel Academy - Woodlawn HS. 7325 South Exchange Avenue is a 837-bed, 0-bath, multi-family home built in 1998.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pearson Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/11/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.