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Multifamily

7722 South Jeffery Boulevard

7722 S Jeffery Blvd, Chicago, IL 60649

Listing Price: $1,500,000

Cap Rate
8.81%
Number of Units
25
GRM
5.65
Price/Unit
$60,000
Price/Gross SF
$74.53
Gross SF
20,125

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the South Shore neighborhood of Chicago, Illinois. The subject property is an excellent value-add opportunity, ready for renovation and re-lease. This 25-unit courtyard building consists of all spacious one-bedroom/one-bath apartments. Recent capital improvements include newer porches, hot water tanks, and a silver- coated roof. The subject property is within one block of the I-90 Expressway, and is a five-minute drive to Metra’s 79th train stop.
Over the last few years, the booming South Shore neighborhood has been in high demand for developers, investors, and renters alike. The area has experienced strong appreciation due to its proximity to Lake Michigan, Hyde Park, The University of Chicago, the Obama Presidential Library and countless other attractions. There are also numerous CTA bus routes and Metra stops located throughout the neighborhood, making for an easy commute to and from downtown Chicago

Investment Highlights

  • PRIME SOUTH SHORE LOCATION STEPS FROM CTA JUMP STOP
  • EXCELLENT VALUE – ADD OPPORTUNITY
  • HIGHLY DELINQUENT/ VACANT BUILDING READY FOR RENOVATION AND RE-LEASE
  • COURTYARD BUILDING FEATURING SPACIOUS ONE-BED/ONE-BATH APARTMENTS
  • CAPITAL IMPROVEMENTS INCLUDE NEWER PORCHES, HOT WATER TANKS, AND SILVER-COATED ROOF

Exclusively Listed By

Financing By

Multifamily

7722 South Jeffery Boulevard

Listing Price: $1,500,000

Cap Rate
8.81%
Number of Units
25
GRM
5.65
Price/Unit
$60,000
Price/Gross SF
$74.53
Gross SF
20,125

Investment Highlights

  • PRIME SOUTH SHORE LOCATION STEPS FROM CTA JUMP STOP
  • EXCELLENT VALUE – ADD OPPORTUNITY
  • HIGHLY DELINQUENT/ VACANT BUILDING READY FOR RENOVATION AND RE-LEASE
  • COURTYARD BUILDING FEATURING SPACIOUS ONE-BED/ONE-BATH APARTMENTS
  • CAPITAL IMPROVEMENTS INCLUDE NEWER PORCHES, HOT WATER TANKS, AND SILVER-COATED ROOF

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the South Shore neighborhood of Chicago, Illinois. The subject property is an excellent value-add opportunity, ready for renovation and re-lease. This 25-unit courtyard building consists of all spacious one-bedroom/one-bath apartments. Recent capital improvements include newer porches, hot water tanks, and a silver- coated roof. The subject property is within one block of the I-90 Expressway, and is a five-minute drive to Metra’s 79th train stop. Over the last few years, the booming South Shore neighborhood has been in high demand for developers, investors, and renters alike. The area has experienced strong appreciation due to its proximity to Lake Michigan, Hyde Park, The University of Chicago, the Obama Presidential Library and countless other attractions. There are also numerous CTA bus routes and Metra stops located throughout the neighborhood, making for an easy commute to and from downtown Chicago

Exclusively Listed By

Financing By

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