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Mixed-Use

7102 South Jeffery Boulevard

7102 S Jeffery Blvd, Chicago, IL 60649

Listing Price: $4,100,000

Cap Rate
9.43%
Number of Units
56
Occupancy
100.0%
Price/Unit
$73,214
Price/Gross SF
$83.50
Gross SF
49,100

Investment Overview

INVESTMENT SUMMARY:
Marcus & Millichap is pleased to present 7102 S. Jeffery Boulevard, a four-story, elevator-serviced, mixed-use investment property in the South Shore neighborhood of Chicago, Illinois. Constructed in 1933, the building consists of 46 residential apartments, 10 commercial spaces, and an income-generating rooftop billboard, creating a diverse and stable revenue stream. The property sits on a 0.35-acre site and is located directly south of a Metra commuter rail stop, providing an ideal location for both residents and commercial tenants.

UNIT MIX

• 13 Studio Apartments
• 30 One-Bedroom, One-Bathroom Apartments
• 2 Two-Bedroom, One-Bathroom Apartments
• 1 Three-Bedroom, One-Bathroom Apartment
• 10 Ground-Floor Commercial Spaces
o These spaces are situated on one of the highest-demand retail corners on the South Side of Chicago. The spaces are rarely vacant and host several long-term tenants.

LOCATION ADVANTAGES

The property is located in Chicago’s South Shore neighborhood, offering convenient access to public transit, major highways, and key neighborhood amenities.
• Public Transit: Located directly south of a Metra Electric District train stop, providing a quick commute to downtown Chicago.
• Retail and Entertainment: Steps from Shop & Save grocery store, restaurants, and local businesses, with additional planned redevelopment in the area.
• Accessibility: Close to Lake Shore Drive and I-90, allowing for easy commuting.
• Neighborhood Demand Drivers: Near Jackson Park, South Shore Cultural Center, and the proposed Barack Obama Presidential Center, increasing long-term investment appeal.

Investment Highlights

  • PRIME LOCATION: Situated Along One of the Highest-Demand Retail and Entertainment Corridors on the South Side of Chicago
  • STABILIZED WITH UPSIDE: 100 Percent Occupied with Minimal Historical Vacancy
  • ASSUMABLE FANNIE MAE DEBT: 3.69 Percent Interest Rate | Current Loan Balance: Approximately $1,840,000 | Maturity Date: January 2032
  • VALUE ADD POTENTIAL: Annual Gross Rental Income is More than $100,000 Below Market. The Addition of More Subsidized Tenants Would Allow for Even Greater Revenue Growth

Exclusively Listed By

Financing By

Mixed-Use

7102 South Jeffery Boulevard

Listing Price: $4,100,000

Cap Rate
9.43%
Number of Units
56
Occupancy
100.0%
Price/Unit
$73,214
Price/Gross SF
$83.50
Gross SF
49,100

Investment Highlights

  • PRIME LOCATION: Situated Along One of the Highest-Demand Retail and Entertainment Corridors on the South Side of Chicago
  • STABILIZED WITH UPSIDE: 100 Percent Occupied with Minimal Historical Vacancy
  • ASSUMABLE FANNIE MAE DEBT: 3.69 Percent Interest Rate | Current Loan Balance: Approximately $1,840,000 | Maturity Date: January 2032
  • VALUE ADD POTENTIAL: Annual Gross Rental Income is More than $100,000 Below Market. The Addition of More Subsidized Tenants Would Allow for Even Greater Revenue Growth

Investment Overview

INVESTMENT SUMMARY: Marcus & Millichap is pleased to present 7102 S. Jeffery Boulevard, a four-story, elevator-serviced, mixed-use investment property in the South Shore neighborhood of Chicago, Illinois. Constructed in 1933, the building consists of 46 residential apartments, 10 commercial spaces, and an income-generating rooftop billboard, creating a diverse and stable revenue stream. The property sits on a 0.35-acre site and is located directly south of a Metra commuter rail stop, providing an ideal location for both residents and commercial tenants. UNIT MIX • 13 Studio Apartments • 30 One-Bedroom, One-Bathroom Apartments • 2 Two-Bedroom, One-Bathroom Apartments • 1 Three-Bedroom, One-Bathroom Apartment • 10 Ground-Floor Commercial Spaces o These spaces are situated on one of the highest-demand retail corners on the South Side of Chicago. The spaces are rarely vacant and host several long-term tenants. LOCATION ADVANTAGES The property is located in Chicago’s South Shore neighborhood, offering convenient access to public transit, major highways, and key neighborhood amenities. • Public Transit: Located directly south of a Metra Electric District train stop, providing a quick commute to downtown Chicago. • Retail and Entertainment: Steps from Shop & Save grocery store, restaurants, and local businesses, with additional planned redevelopment in the area. • Accessibility: Close to Lake Shore Drive and I-90, allowing for easy commuting. • Neighborhood Demand Drivers: Near Jackson Park, South Shore Cultural Center, and the proposed Barack Obama Presidential Center, increasing long-term investment appeal.

Exclusively Listed By

Financing By

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