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$4,100,000

  • Sold
  • Closed
  • Commercial
  • 66,000 Sq. Ft.
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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.

Full Property Details for 7325 S Exchange Ave

General

  • Sold For: $4,100,000
  • Taxes: $113,546 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12203547
  • Added to Site: 438 day(s) ago

Location

  • Area: CHI - South Shore
  • County: Cook
  • Driving Directions: Take Lake Shore Drive south and continue onto South Shore Drive. Turn left onto E 71st Street and continue east. Turn right onto S Exchange Avenue. The property will be on the left.

Heating & Cooling

  • Heating Type: Central Building Heat, Gas

Structural Information

  • Stories/Levels: 5
  • Square Feet: 66,000
  • Year Built: 1998

Lot Features

  • Lot Size (Sq. Ft.): 42,967
  • Lot Dimensions: 42967 SQ FT
  • Zoning: COMMR

Financial Considerations

  • Assessment Year: 1998
  • Tax Amount: $113,546
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 21301120510000

Listed by Pearson Realty Group
Sold by Non Member

Listing agent

— 7325 S Exchange Ave —

  • Pearson Realty Group

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7325 S Exchange Ave

School District:Chicago Public School District 299
NameGradesDistance
Powell Elementary Paideia Community Academy
7511 South South Shore Drive, Chicago, IL 60649
K-80.3 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7325 S Exchange Ave

Date
Details
Price
Change
Source
8/22/2025
Sold
$4,100,000
-16.33%
MLS
11/04/2024
Listed
$4,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Pearson Realty Group
Sold by Non Member

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7325 S Exchange Avenue, Chicago, IL 60649 (MLS# 12203547) is a Commercial property that was sold at $4,100,000 on August 22, 2025. Want to learn more about 7325 S Exchange Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.