Location Summary

• Historic parks and extensive beaches meet down-to-earth, affordable living in South Shore. It is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving. South Shore neighborhood offers Chicagoans an attractive and affordable mix of housing options. Recent years have seen a mini-boom in residential development down here with many new constructions going up as we speak. The most expensive housing (but still reasonable, compared with similar property to the north) is for lake lovers, who can opt for a new condo minutes from the beach and South Shore Drive. Many of these come with luxury trimmings like granite countertops, hardwood floors and stainless steel appliances. Families may favor the single-family homes, which have front lawns and small backyards. The majority of detached houses in the South Shore are found on tree-lined streets, intermingled with solid three- and four-story redbrick buildings with rental and condo units. Some residential high-rises vintage condominiums with ornate exterior stonework dot the neighborhood along South Shore Drive, affording breath-taking views of the water and the city skyline. The atmosphere here is laid back and neighborly. Residents enjoy front patios where they can sit and chat with neighbors, while children ride bikes on the sidewalks, though not all streets are well tended.
• Atlas Asset Management Realty is pleased to present, for sale, 6700 S. Merrill Avenue, a 50-unit multifamily apartment building in Chicago's Jackson Park neighborhood. The Subject property is a four-story, masonry, corner, courtyard building that overlooks Jackson Park. The unit mix is as follows: 3 studio units 7 1bed/1bath units 32 2bed/1bath units 6 3bed/1bath units The property is currently 86% occupied with all seven vacant units currently being renovated. Ownership acquired the Subject in December-2018 and immediately began working on the vacant units. Rehab finishes include click-and-lock laminate flooring where needed or refinishing existing hardwood floors if possible, granite countertops, stainless steel appliances, new kitchen cabinetry, flush mount light fixtures, new bathroom vanities and tile floors. Existing unit finishes consist of formica countertops, a mixture of kitchen appliances along with a mix of carpet and wood flooring. The building has a central boiler heating system, central hot water tanks and common coin-operated laundry facilities - all are located in the building basement area.