A Rare Single Family Home on Lake Michigan With Your Own Beach: 7237 S. South Shore
This 4-bedroom single family home at 7237 S. South Shore in the South Shore neighborhood came on the market in December 2016.
If it looks familiar, that’s because we’ve chattered about it several times in the past including in 2009 and 2011.
You can see the 2011 chatter here.
Check out the original interior pictures, with the appliances, here.
Thanks to the perceptive Crib Chatter reader who noticed and alerted me that it was bank owned and back on the market.
Built in 1903, the brick house is on a larger than normal 50×300 lot with 2 PIN numbers, one of which extends all the way to the Lake.
It is a rare property as there are only about 2 dozen single family homes in the city of Chicago with private lake access.
It has central air and, as of 2011, an unfinished basement.
From the pictures, it appears that the kitchen cabinets are intact but the appliances are missing.
One problem with being directly on the lake, as you can see from the current listing pictures, is, where do you put the garbage cans? They are all lined up in front of the house.
This house is just south of the famed South Shore Cultural Center, which was built in 1916 and is on the National Historic Register and has Chicago landmark status.
It still has a 9-hole golf course and is the site of many wedding receptions, including that of President and Mrs. Obama.
This home has been listed of and on since June 2009.
The bank has listed it for $580,000 or about half of what it sold for in 2007.
Is it finally priced to sell?
Mark Weiss at Mark Weiss Real Estate has the listing. See the pictures here.
7237 S. South Shore Drive: 4 bedrooms, 2.5 baths, 2587 square feet, 3 driveway parking spaces
- Sold in 1995 (no sales info available)
- Sold in October 2007 for $1.2 million
- Was listed in June 2009 for $1.5 million
- Was listed in January 2010 for $1.5 million
- Reduced
- Was listed in February 2011 for $1.39 million
- Reduced
- Was listed in March 2015 for $994,000
- Withdrawn
- Currently “bank owned” and listed at $580,000
- Taxes now $12,760 (they were $7113 in February 2011)
- Central Air
- Full unfinished basement
- Bedroom #1: 17×13
- Bedroom #2: 10×10
- Bedroom #3: 12×12
- Bedroom #4: 15×12
“We believe this has water rights.” – love the confidence of that statement.
Translation: Your RE attorney can bill you for doing that due diligence.
Needs *at least* 100k; which is probably still too low considering all the floors need replacing, subfloors likely rotted, and bathrooms need to be redone. Who wants to pay $700k+ for a home here?
Anyone else troubled by the property taxes going up 1k per year?
Damn I’d even maybe live in this area for a beach house
wonder what it looked like when it was a 1.2 million property
“Needs *at least* 100k; which is probably still too low considering all the floors need replacing, subfloors likely rotted, and bathrooms need to be redone. Who wants to pay $700k+ for a home here?”
Nice job painting all the woodwork including the Buffet
Probably looking at closer to $300 to get it near its past glory
its a teardown, guarantee it
The problem with this house (and with something equivalent on Sheridan Road in say Edgewater) is that it’s shoehorned between high-rises and on a busy street with heavy traffic. But I don’t think it’s quite tear-down yet, though there is a newer Booth-Hansen house within striking distance. If the proposal to combine the two golf courses comes to pass, that might improve the chances of this quite a bit though, at least for golfers.
I would love to have a private beach. It almost makes me want to move to this neighborhood, but that commute and those gangs…
Still, the dogs would love to have their own beach!
It’s not a tear down unless some has a lot of money to fight the zoning and code battles that would come down on a hopeful builder like a ton of bricks.
First, I highly doubt that a new home could be constructed as close to the adjacent building as this home now sits. And good luck building any taller, that’s not gonna happen. And there are probably a multitude of shoreline protection rules that prevent building any closer to the lake.
For this home, rehab and additions are a good idea. A tear down, not so much.
Our first lazy realtor to a bank picture nominee for 2017 goes to Marc W
“wonder what it looked like when it was a 1.2 million property”
There are interior pictures on the old listings. It was the same- just with furniture and appliances.
I’d live here in a heartbeat.
“I’d live here in a heartbeat”
If you want to continue with the heartbeat, I would stay away from this area. Check out crime maps, only Jackson Highlands are “safe”.
“If you want to continue with the heartbeat, I would stay away from this area.”
Despite what you may hear in the news, even in this neighborhood the probability of a moderately affluent white guy without gang ties who keeps to himself being the victim of random violence is quite small.
“Despite what you may hear on the news…”
I don’t hear much about this area on the news because when things happen everyday, it’s no longer news. I actually looked into this area because of the beach location and the stats weren’t good.
May I ask you where you get your info? I’d love to know how you conclude that a “white guy without gang ties…being a victim of random violence is quite small.” Sounds fantasy not factual.
The homicide rate for whites/asians in Chicago is like 3.5/100,000.
The homicide rate for hispanics in Chicago is like 16/100,000.
The homicide rate for african americans is like 74/100,000.
They should have taken my $850k offer prediction way back in 2011.
Is that where Tiger Woods and Obama are gonna build or reonvate a course? That means your can likely buy the plac, fix it up, and airbnb it to Mickelson for the tournament weekend and recoup all your investment.
I have moderately affluent white friends who live down the street, no gang ties, no problems.
There is a sizable white minority in most of the high rises here, both elderly long-term residents and young “pioneers” and some in-betweeners.
I am not familiar with what goes on here at night but I have ridden my bike through here during the day (while riding from Chicago to someplace in Indiana) without any issues whatsoever.
Be careful with those crime stats – – search your own hood for comparison, you might be surprised what goes on closer to home.
For the right price a Private beach is super cool. I am with Jp3chicgo!!
So the bank has asked for Highest and best. What would you offer?
Tiger Woods? Did they have an open bid process? I guess it goes without saying that in Chicago anything associated with Barack Obama translates into whites-need-not-apply. Biggest racist to occupy the WH in our times.
“Tiger Woods? Did they have an open bid process?”
It’s not a done deal. The Park District is having community meetings about it. They also would need to raise the funds privately and it’s unclear if they could fundraise the $30 million needed.
In case you don’t know, there are already 2 golf courses there. They would unite them and modernize them into a championship course that, presumably, they might be able to play a professional golf tournament on and bring tourists and money to the South Shore neighborhood.
But does the neighborhood need a championship golf course? What else could be done with that land? It’s park district land. Lots of questions will be asked.
It has nothing to do with Barack Obama except that he is putting his Presidential Library nearby so that will already draw visitors from around the world. This is a real opportunity for the city to develop a big tourist center on the south side outside of the Museum of Science and Industry. It makes sense that there would be a push by the city to tie in the Museum, the Presidential Library and whatever else can be in that area.
I’m surprised that Rahm and Michelle Obama in particular and other Trump-haters would approve the choice of Tiger Woods, considering his cheating misogynist past with high-priced prostitutes and porn actresses, violently biting them etc. I think they could have chosen a better designer anyway. But did he get the job because he was the only choice for anti-white racists? I think so. He’s a terrible role model for the youth.
“But did he get the job because he was the only choice for anti-white racists?”
He doesn’t have the job. They are still debating everything and having meetings.
And besides, he doesn’t have to be a role model. He’s a golf course designer. That’s where you make the mistake.
Also, now that we have a President who has had 5 children with three different women and has had his own affairs, the bar has been lowered considerably. That’s at the highest office in the land. If no one cares about that, why should anyone care what a professional golfer who is designing a golf course has done?
Lol.