Marcus & Millichap has brokered the sale of 7100 South Shore Drive, a 164-unit multifamily property in Chicago’s South Shore neighborhood.
Marcus & Millichap Senior Managing Director of Investments Ryan Engle, Senior Vice President of Investments Andrean Angelov, and Associate Zack Mahoney represented the seller, Morgan Properties, and procured the buyer James Oppenheimer of New City Property Management.
Constructed in 1923, the vintage property has added modern amenities in recent years, including Amazon Hub Lockers, gated parking and a fitness center. The buyer has plans to update common spaces, including renovating and repurposing the building’s vacant ballroom.
