6731 S Jeffery Blvd - Apartments FOR SALE


Chicago, IL 60649- South Shore
$3,950,000 USD
773-293-5090
6731 S Jeffery Blvd, Chicago, IL for Sale
$3,950,000 USD
Apartments - FOR SALE
1/5
null | 9.02% Cap Rate

6731 S Jeffery Blvd
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Prime Jackson Park Location
  • Renovated Units w/ Modern Kitchens & Baths
  • Fifty-Two (52) Studios, Two (2) 2Bd/1Ba, & One (1) 1Bd/1Ba
  • Meticulously Maintained & Managed
  • On-Site Laundry Facility

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 6731 S. Jeffery Blvd, a fifty-five (55) unit apartment building in Chicago's historic Jackson Park neighborhood. Located in one of the most sought after pockets just seven (7) miles south of Chicago's downtown, the building sits blocks away from Lake Michigan and the South Shore Cultural Center, and also sits adjacent to Jackson Park - the future site of the Obama Presidential Library and renowned Jackson Park Golf Course. 6731 S. Jeffery is comprised of fifty-two (52) Studios, two (2) 2Bd/1Ba, one (1) 1Bd/1Ba units. All of which, however, feature spacious layouts and have renovated kitchens and baths. Further improvements to the building include, a modern Rayes boiler and hot water tanks, tuckpointing and masonry work, newer windows, and rehabbed units throughout. 6731 S. Jeffery presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Jackson Park neighborhood. With the current operation from day one, an investor will realize an 8% cap rate and a 9.63% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.26% and a 14.29% cash return.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

55

PRICE/UNIT

$71,818

CAP RATE

9.02%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jeffery Parkway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM5, Chicago

APN/PARCEL ID

20-24-400-006-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.