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7325 S Exchange Ave - Former Rainbow Beach Nursing Home

66,000 SF Health Care Building Offered at $6,891,360 CAD in Chicago, IL 60649

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Executive Summary

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.

Kirby Exchange Ave OM (1)

Property Facts

Price	$6,891,360 CAD	Lot Size	0.56 AC
Price Per Bed	$32,816 CAD	Building Size	66,000 SF
Sale Type	Investment or Owner User	No. Beds	210
Property Type	Health Care	No. Stories	1
Property Subtype	Skilled Nursing Facility Healthcare Assisted Living Healthcare Continuing Care Retirement Community	Year Built	1958
Building Class	C	Tenancy	Single

Price	$6,891,360 CAD
Price Per Bed	$32,816 CAD
Sale Type	Investment or Owner User
Property Type	Health Care
Property Subtype	Skilled Nursing Facility Healthcare Assisted Living Healthcare Continuing Care Retirement Community
Building Class	C
Lot Size	0.56 AC
Building Size	66,000 SF
No. Beds	210
No. Stories	1
Year Built	1958
Tenancy	Single

1 of 1

Walk Score ®

Very Walkable (73)

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

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PROPERTY TAXES

Parcel Numbers	Multiple 21-30-112-014-0000 21-30-112-052-0000 21-30-112-008-0000 21-30-112-051-0000 21-30-112-013-0000 21-30-112-007-0000	Improvements Assessment	$1,544,590 CAD
Land Assessment	$111,925 CAD	Total Assessment	$1,656,516 CAD