South Shore Multifamily Investment
For Sale
$3,300,000
7147 S Jeffery Blvd, Chicago, IL 60649
38-unit apartment building near Jackson Park with strong tenant base.
Property Size29,554 SF
Price / SF$111.66
Days on Market94
Property Features for 7147 S Jeffery Blvd
General Information
Standard status
Active
Size
29,554 SF
Property subtype
Multifamily
Building Details
Building Size
29,554 SF
Year Built
1925
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 28 at 8:26AM
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 outside Jackson Park in Chicago's South Shore neighborhood, 7147 S. Jeffery is a 38-unit apartment building. The unit mix comprises twenty studios, six 1-bedroom/1-bathroom units, seven 2-bedroom/1-bathroom units, and five 2-bedroom/2-bathroom units. The property is conveniently located next to a Chicago CTA bus stop, offering express service to downtown Chicago. Recent improvements to the building include a modern Weil McClain boiler with R&D control system, an updated roof, 100% copper plumbing, and updated electric (800 amps). The South Shore neighborhood has experienced a resurgence in new developments due to its proximity to Lake Michigan and downtown Chicago, notably with the construction of the Obama Presidential Library. This property offers an investor the opportunity to acquire a stabilized, cash-flowing asset in Chicago's South Shore neighborhood. The property size is 29554 square feet.
Key Highlights
- 10.21% in‑place cap rate and 18.09% cash return offer immediate strong returns.
- Located in Chicago's South Shore neighborhood, experiencing a resurgence.
- Thirty‑eight (38) unit building with a mix of studios, 1‑bedroom, and 2‑bedroom apartments provides diversified income streams.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
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 - 38-unit apartment building near Jackson Park with strong tenant base.
Where is this apartment building located?
The property is located at 7147 S Jeffery Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 10.21% in‑place cap rate and 18.09% cash return offer immediate strong returns.; Located in Chicago's South Shore neighborhood, experiencing a resurgence.; Thirty‑eight (38) unit building with a mix of studios, 1‑bedroom, and 2‑bedroom apartments provides diversified income streams.
