Bought with Non Member • NON MEMBER
$4,100,000
$4,900,000
16.3%For more information regarding the value of a property, please contact us for a free consultation.
66,000 SqFt
SOLD DATE : 08/22/2025
Key Details
Sold Price $4,100,000
Property Type Commercial
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
Zoning COMMR
Interior
Fireplace N
Exterior
View Y/N true
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States