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6720 Jeffrey 6720 S Jeffery Blvd 81 Unit Apartment Building $6,500,000 ($80,247/Unit) 8.08% Cap Rate Chicago, IL 60649
INVESTMENT HIGHLIGHTS
- Prime Location in Jackson Park Highlands
- All new copper
- Elevator Building
EXECUTIVE SUMMARY
33 Realty is pleased to present the exclusive listing for 6720 S. Jeffery Boulevard, a significant 82-unit multifamily asset in
the desirable Jackson Park Highlands. Located at the gateway to the South Shore community, this property offers a premier
position in one of Chicago's most sought-after south side locations. Erected in 1920, the building has been meticulously
maintained, preserving its remarkable architectural details, from the chiseled window frames to the grand arched entryway.
While honoring its historic character, the property has been updated with recently renovated units and new copper
plumbing throughout. This offering represents an outstanding opportunity for an owner-operator. With a convenient on-site
office, a new owner can efficiently complete the lease-up of rehabbed units and capitalize on the strong market growth in
the surrounding neighborhood.
the desirable Jackson Park Highlands. Located at the gateway to the South Shore community, this property offers a premier
position in one of Chicago's most sought-after south side locations. Erected in 1920, the building has been meticulously
maintained, preserving its remarkable architectural details, from the chiseled window frames to the grand arched entryway.
While honoring its historic character, the property has been updated with recently renovated units and new copper
plumbing throughout. This offering represents an outstanding opportunity for an owner-operator. With a convenient on-site
office, a new owner can efficiently complete the lease-up of rehabbed units and capitalize on the strong market growth in
the surrounding neighborhood.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,500,000 | Building Class | B |
| Price Per Unit | $80,247 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 84,316 SF |
| Cap Rate | 8.08% | Average Occupancy | 80% |
| No. Units | 81 | No. Stories | 6 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.07/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | R-6, Chicago | ||
| Price | $6,500,000 |
| Price Per Unit | $80,247 |
| Sale Type | Investment |
| Cap Rate | 8.08% |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 84,316 SF |
| Average Occupancy | 80% |
| No. Stories | 6 |
| Year Built/Renovated | 1925/2025 |
| Parking Ratio | 0.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-6, Chicago |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Views
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Security System
- Vintage Building
- Elevator
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 41 | $900.00 | 500 - 600 |
| 1+1 | 19 | $1,100 | 600 - 800 |
| 2+1 | 20 | $1,300 | 700 - 850 |
| 3+1 | 1 | $1,500 | 800 - 950 |
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 20-24-307-012-0000 | Improvements Assessment | $484,700 (2024) |
| Land Assessment | $46,900 (2024) | Total Assessment | $531,600 (2024) |
PROPERTY TAXES
Parcel Number
20-24-307-012-0000
Land Assessment
$46,900 (2024)
Improvements Assessment
$484,700 (2024)
Total Assessment
$531,600 (2024)
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6720 Jeffrey | 6720 S Jeffery Blvd
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