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Browse More Listings in Multifamily For Sale, Chicago, IL or Illinois

Multifamily Property For Sale

Look No More! Reduced, Rehabbed & Rented!

7501 S Jeffery Blvd, Chicago, IL 60649

Price:
$1,340,000
No. Units:
18
Building Size:
12,258 SF
Price/Unit:
$74,444.44
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Mid/High-Rise
Free Standing Bldg
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
8.45%
Occupancy:
100%
No. Stories:
3
Tenancy:
Multiple
Year Built:
1924
Lot Size:
7,500 SF
Tax ID / APN #:
20254000010000
Find Out More...

Last Verified 11/18/2009 Listing ID 15609603

Highlights

Beautifully Remodeled & Rented
New Roof, Porches & Water Heaters
New Doors, Shutters, Windows & Awnings

New or Upgraded Plumbing & Electrical
Perfect 1031 Exchange & Investment
After Closing Watch Your Building Online!

Description

Rare 18 Unit Gem in the sought after South Shore area! Reduced, Remodeled and Fully Rented! A Unique Opportunity to Keep as Rental or Condo later! The building has 2 stores and 16 apartments, with so much new or updated. The apartments have new kitchens, with new cabinets and appliances, also beautiful new flooring; pre-finished hardwood in the living rooms, and new ceramic in the kitchens, eating areas, baths, and most halls. Across from a Park, Walk to Train & Starbucks.

The Beautiful South Shore area is an "Up in Coming" Community located in Chicago, with 3 beaches and 2 golf courses. The new train stations down 71st and abundance of buses make commuting easy for tenants. The area hosts many new shops and a Staples, with ongoing projects for the re-gentrification of 71st. South Shore is just a great place to invest! See rent role, expenses, and more in attachment, or email and a package will be sent.

Originally listed at $1,625,000, this is not a distress sale. Look at the attractive CAP rate and positive cash flow! Seller says, "Bring your written Offer!" There is no "For Sale" sign and please do not disturb. Truly a rare find and in beautiful condition!

Jeffery Blvd to 75th - Southwest Corner of Jeffery & 75th Street.

Financial Summary

Unit Mix Information

Major Tenant Information

Debt & Equity Information

Proforma
Year
2008
Scheduled Gross Income
$144,600
Operating Expenses
$31,386
Net Operating Income
$113,214
Pre-Tax Cash Flow
$39,130

Tenant		Lease Expired
See Package

Map of 7501 S Jeffery Blvd, Chicago, IL 60649 (Cook County)

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Contact Listing Broker

Bessie Geanakoplos (847) 571-6755

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Created 3/12/2008

Additional Information for 7501 S Jeffery Boulevard, Chicago, IL 60649

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 2 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Description
See attachment for expenses,
rent role, unit types and/or mix,
cash flow and other information.

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Multifamily Property For Sale - Look No More! Reduced, Rehabbed & Rented!

7501 S Jeffery Blvd, Chicago, IL, 60649