South Shore Multifamily Investment
For Sale
$5,550,000
7130 South Jeffery Boulevard, Chicago, IL 60649
63-unit building with retail and residential units in Chicago.
Property Size43,000 SF
Price / SF$129.07
Days on Market93
Property Features for 7130 South Jeffery Boulevard
General Information
Standard status
Active
Size
43,000 SF
Property subtype
Multifamily
Building Details
Building Size
43,000 SF
Listing Agency:
Kiser Group
(630) 209-3622
Listed By:
Noah Birk · License #ILLINOIS #475125864
(630) 209-3622
Source:
Kisergroup
Added: May 27
Changed: Aug 26
Last Checked: Aug 26 at 2:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
Located on Jeffery Boulevard in Chicago's South Shore neighborhood, 7130 S. Jeffery is a 63-unit building comprised of four retail units, forty-four 1-bedroom/1-bathroom units, ten 2-bedroom/1-bathroom units, and five 3-bedroom/2-bathroom units. The units are spacious and feature newly renovated kitchens and baths. Recent improvements to the building include modern boilers with R&D control systems, newer windows & porches, granite countertops, stainless steel appliances, and masonry & tuckpointing work. The property is located just outside Jackson Park and is near Lake Michigan and Downtown Chicago. The property shares a sidewalk with Chicago’s CTA bus stop, which provides express service to and from Downtown Chicago. The property size is 43000 square feet.
Key Highlights
- High initial cap rate of 11.01% and cash return of 21.21% with potential for further increase.
- 63 newly renovated units** (4 retail, 44 1bd/1ba, 10 2bd/1ba, 5 3bd/2ba) with spacious layouts, renovated kitchens and baths, granite countertops, and stainless steel appliances.
- Proximity to Lake Michigan, downtown Chicago, and the Obama Presidential Library, contributing to South Shore's resurgence.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 63-unit building with retail and residential units in Chicago.
Where is this apartment building located?
The property is located at 7130 South Jeffery Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: High initial cap rate of 11.01% and cash return of 21.21% with potential for further increase.; 63 newly renovated units** (4 retail, 44 1bd/1ba, 10 2bd/1ba, 5 3bd/2ba) with spacious layouts, renovated kitchens and baths, granite countertops, and stainless steel appliances.; Proximity to Lake Michigan, downtown Chicago, and the Obama Presidential Library, contributing to South Shore's resurgence.
