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7147 S Jeffery Blvd 38 Unit Apartment Building $4,510,902 CAD ($118,708 CAD/Unit) 10.21% Cap Rate Chicago, IL 60649
Investment Highlights
- Twenty (20) Studios, Six (6) 1Bd/1Ba, Seven (7) 2Bd/1Ba, & Five (5) 2Bd/2Ba Units
- New 800 Amp Electrical Service
- 100% Copper Plumbing
- Newly Renovated Kitchens & Baths w/ Granite Countertops & Stainless Steel Appliances
Executive Summary
Kiser Group is pleased to exclusively present for purchase 7147 S. Jeffery, located 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.
7147 S. Jeffery is currently comprised of thirty-eight (38) units, which consist of twenty (20) studios, six (6) 1Bd/1Ba units, seven (7) 2Bd/1Ba units, and five (5) 2Bd/2Ba units. Recent improvements to the building consist of, but are not limited to: a modern Weil McClain boiler with R&D control system, updated roof, 100% copper plumbing, and updated electric (800 amps).
7147 S. Jeffery provides an investor with the opportunity to acquire a stabilized, cash flowing asset in Chicago's desirable South Shore neighborhood. From day one, a new owner capitalizes on an incredibly strong tenant base and realize an in place cap rate of 10.21% along with a cash return of 18.09%.
7147 S. Jeffery is currently comprised of thirty-eight (38) units, which consist of twenty (20) studios, six (6) 1Bd/1Ba units, seven (7) 2Bd/1Ba units, and five (5) 2Bd/2Ba units. Recent improvements to the building consist of, but are not limited to: a modern Weil McClain boiler with R&D control system, updated roof, 100% copper plumbing, and updated electric (800 amps).
7147 S. Jeffery provides an investor with the opportunity to acquire a stabilized, cash flowing asset in Chicago's desirable South Shore neighborhood. From day one, a new owner capitalizes on an incredibly strong tenant base and realize an in place cap rate of 10.21% along with a cash return of 18.09%.
Property Facts
| Price | $4,510,902 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $118,708 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 10.21% | Building Size | 27,923 SF |
| No. Units | 38 | No. Stories | 7 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | B3-3 | ||
| Price | $4,510,902 CAD |
| Price Per Unit | $118,708 CAD |
| Sale Type | Investment |
| Cap Rate | 10.21% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 27,923 SF |
| No. Stories | 7 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | B3-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 500 |
| 1+1 | 6 | - | 750 |
| 2+1 | 7 | - | 900 |
| 2+2 | 5 | - | 1,000 |
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Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-25-200-034-0000 | Improvements Assessment | $577 CAD |
| Land Assessment | $15,064 CAD | Total Assessment | $15,641 CAD |
Property Taxes
Parcel Number
20-25-200-034-0000
Land Assessment
$15,064 CAD
Improvements Assessment
$577 CAD
Total Assessment
$15,641 CAD
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7147 S Jeffery Blvd
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