South Shore Courtyard Apartment
For Sale
$2,000,000
7702 S Jeffery Blvd, Chicago, IL 60649
26-unit apartment building in Chicago's South Shore neighborhood.
Property Size19,080 SF
Price / SF$104.82
Days on Market93
Property Features for 7702 S Jeffery Blvd
General Information
Standard status
Active
Size
19,080 SF
Property subtype
Multifamily
Building Details
Building Size
19,080 SF
Year Built
1952
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 25 at 1:49PM
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 in Chicago’s South Shore neighborhood, the property at 7702 S. Jeffery Blvd is a twenty-six unit courtyard building. The South Shore neighborhood has experienced new developments due to its proximity to Lake Michigan and downtown Chicago. The property is located next to Chicago CTA's "Jeffery Jump" bus stop, which provides express service to and from downtown Chicago. The building is comprised of spacious 1Bd/1Ba units featuring an open style layout with natural light. The building has undergone capital improvements, including a new high efficiency boiler, a newer hot water storage tank and a separate hot water boiler, two separate hot water booster pumps for increased water pressure, and an updated R&D boiler control system. Additionally, the building has been rewired and equipped with emergency lighting and improved common area lighting. The property is a stabilized, cash flowing asset.
Key Highlights
- In‑place cap rate exceeding 10% and 18.34% cash return from day one.
- Located in Chicago's South Shore neighborhood, experiencing a resurgence.
- Shares a sidewalk with the Chicago CTA 'Jeffery Jump' bus stop, providing express service to downtown Chicago.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,223
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 - 26-unit apartment building in Chicago's South Shore neighborhood.
Where is this apartment building located?
The property is located at 7702 S Jeffery Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: In‑place cap rate exceeding 10% and 18.34% cash return from day one.; Located in Chicago's South Shore neighborhood, experiencing a resurgence.; Shares a sidewalk with the Chicago CTA 'Jeffery Jump' bus stop, providing express service to downtown Chicago.
