$1,300,000
Calculate Payment
6830 S Jeffery Boulevard Chicago, IL 60649
General Commercial
Residence
Beds
Baths
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
6830 S. Jeffery is a seven (7) unit walk-up building located just one block away from Jackson Park in Chicago's South Shore neighborhood. Over the past few years, Jackson Park 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. Given the assets location, there are a number of public transportation options to and from Chicago's Downtown providing tenants with quick, easy, and affordable transportation options. 6830 S. Jeffery is comprised of seven (7) total units. Currently, the building consists of six (6) incredibly spacious 3bd/3ba units boasting nearly 2,500 square feet of living space, as well as one (1) newly finished 1bd/1ba garden unit. All of which, however, are heated and cooled via separate and individual in-unit HVAC units. Additional updates include copper plumbing throughout the entire building, a roof tear off six (6) years ago, and a new silver coating placed this year. 6830 S. Jeffery presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's fastest growing neighborhoods. From day one, a new owner will benefit from an in-place cap rate of over 8% and a cash-on-cash return of over 10%. Solely through raising rents to figures already being achieved in the building, and/or through further rehabbing the remaining units, an investor can realize a pro-forma cap rate of over 9%.
Continue reading
MLS#
12088637
Property Type
General Commercial
Year Built
1924
Receive an email as soon as the price changes
Receive an email
as soon as the price changesGet Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Nearby Homes For Sale
Just Listed
And
Homes Available
In