For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $4,100,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 66,000 sqft
Price per Sqft $62
MLS Listing ID 12203547
Sold Date 08/22/25
Year Built 1998
Annual Tax Amount $113,546
Tax Year 2023
Lot Dimensions 42967 SQ FT
Property Sub-Type Multi Family 5+
Property 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, 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.
Location
State IL
County Cook
Area Chi - South Shore
Zoning COMMR
Interior
Fireplace N
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Non Member • NON MEMBER