7147 S Jeffery Blvd, Chicago, IL 60649 For Sale

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%.

38 Units | South Shore