ON MARKET – MULTI-FAMILY
7300 S. Jeffery Blvd. Chicago, IL 60649
NEIGHBORHOOD
South Shore
PRICE
$1,450,000
NUMBER OF UNITS
25
CAP RATE
10.35%
PROPERTY LISTED

Essex Is pleased to bring to market the exclusive sale of 7300 S. Jeffery Boulevard in prime South Shore. The subject property is located on the south/west corner of S. Jeffery Blvd., and E. 73rd St., in a retail-oriented neighborhood that also is commuter friendly. The yellow brick walk-up corner property is made up of 21 apartment units and four (4) retail spaces. There are two (2) studios, twelve (12) one bedroom / 1 bathroom and seven (7) 2 bedroom / 1 bathroom units. Units feature a mix of white & stainless steel appliances, large windows and hardwood floors. The retail spaces all have a private bathroom and front façade with large windows covered by awning. Coin operated laundry facility is located on the buildings' ground floor. This value-add opportunity is a great match for both the first time investor and those with more experience. Retail space allows the option for on-site management.

LOCATION DETAILS

South Shore Opportunity Zone, Invest South West, Jeffery Plaza

HIGHLIGHTS
  • Value-Add
  • Prime South Shore Location
  • Excellent Retail Oriented Corner
  • Multiple Modes of Transit
  • 2 Studios
  • 12 One Bed/ One Bath
  • 7 Two Bed/ One Bath
  • 4 Retail
  • Current 22% Below Market Rent
  • 10.35% CAP RATE
  • 5.78 GRM
LISTING BROKER
Brian Mond
Director
312.662.9590