7130 S. Jeffery Blvd 7130 S Jeffery Blvd 63 Unit Apartment Building $7,536,900 CAD ($119,633 CAD/Unit) 10.99% Cap Rate Chicago, IL 60649

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.