$1,200,000 $6,442 est/mo Sourced by Back At You

6947 S Jeffery Boulevard,Chicago, IL 60649

Chicago IL, 60649

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Description

6749 S. Jeffery is a twelve (12) unit walk-up on one of Jackson Park's premier boulevards. The asset is ideally situated directly off the Lake Shore Drive's Jeffery exit, and it's nestled in the heart of Chicago's Jackson Park just blocks away from the developing Obama Presidential Library. Furthermore, 6947 S. Jeffery sits just two (2) blocks south of the Jackson Park Golf Course and is just walking distance from the Lakefront Trail on 67th Street. 6947 S. Jeffery has a unique unit composition which currently includes both one bedroom and two bedroom units. Of the twelve (12) existing units, there are nine (9) 1b/1ba units and three (3) 2b/1ba units. Eleven (11) of the which, however, feature updated flooring, newer kitchens and baths along with stone countertops, and are equipped with modern, stainless steel appliances. The remaining unit, however, has long term renters and has not been modernized within the past seven years. Recent improvements to the building consist of, but not limited to: individual and separate furnaces, updated copper plumbing, newer windows, an updated roof, steel porches, and an efficient hot water boiler. 6947 S. Jeffery presents an incredibly unique opportunity to acquire a property on Chicago's premier Jeffery Boulevard. With the area ever improving, coupled with the finite amount of assets located between 67th Street and 71st, the building is poised for additional and future growth and appreciation. Furthermore, the asset provides a new owner immediate cash flow from day one, and an incredible value add proposition by updating the remaining units as tenants move out, further improving the cap rate significantly.

Details

MLS#12031569
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1961
Days On Site35
Listing Provided ByKiser Group Realty Inc | Aaron Sklar

Features

Story(s)3
Units12

Market Activity 60649

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60649
AreaCHI South Shore
Listing VS Median (in 60649)
Price:
$1,200,000
low | high
Med:
$139,500
100% of Average
On Site:
35
low | high
Med:
76.000000
46.052631578947% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
7000 S South Shore Dr Property Photo 1
$0
7000 S South Shore Dr
Chicago, IL 60649
Listing Updated: May 22, 2024 at 12:18:04 AM PDT