7130 S Jeffery Blvd - Apartments FOR SALE


Chicago, IL 60649- South Shore
$5,550,000 USD
773-293-5090
7130 S Jeffery Blvd, Chicago, IL for Sale
$5,550,000 USD
Apartments - FOR SALE
1/5
null | 10.99% Cap Rate

7130 S Jeffery Blvd
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Forty Four (44) 1Bd/1Ba, Ten (10) 2Bd/1ba, Five (5) 3Bd/2Ba, & Four (4) Retail Units
  • Newly Renovated Kitchens and Baths
  • Modern Boilers w/ R&D Control Systems
  • New Windows & Porches

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 7130 S. Jeffery, a 63-unit building located on Jeffery Boulevard just outside Jackson Park in Chicago's South Shore neighborhood. Over the past year, South Shore has seen a resurgence in new developments due to its proximity to Lake Michigan, as well as Chicago’s Downtown, most notably with the construction of the Obama Presidential Library. Convenient, the property shares a sidewalk with Chicago’s CTA bus stop, which provides express, and almost nonstop service to and from Chicago’s Downtown. 7130 S. Jeffery is comprised of sixty-three (63) units, which consist of four (4) retail units, forty-four (44) 1bd/1ba units, ten (10) 2bd/1ba units, and five (5) 3Bd/2Ba units. All of which, are incredibly spacious with newly renovated kitchens and baths. Recent improvements to the building include, but are not limited to, modern boilers with R&D control systems, newer windows & porches, granite countertops, stainless steel appliances, and an abundance of masonry & tuckpointing work. 7130 S. Jeffery presents an investor with the rare opportunity to acquire Sixty-Three (63) newly renovated units in the heart of Chicago's South Shore neighborhood. From day one, an investor will realize a cap rate of 10.99% and a cash return of 21.21%. Through improved leasing and raising rents to levels already being achieved, 7130 S. Jeffery offers its next owner the potential to reach a 11.40% cap rate and a 22.83% cash return.

FOR SALE DETAILS

PRICE

$5,550,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

63

PRICE/UNIT

$88,095

CAP RATE

10.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7130 S. Jeffery Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

B3-3

APN/PARCEL ID

20-25-111-001-0000,20-25-111-005-0000

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 Notice.