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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
- 82 Units with an Ideal Mix of Studio, One & Two Bedroom Units
- Over 1/2 units fully renovated and continuing
- Updated with 10 copper risers
- 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.
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 | 1925 |
| 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 | 1925 |
| 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 | 47 | - | 335 - 475 |
| 2+1 | 34 | - | 480 - 685 |
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 20-24-307-012-0000 | Improvements Assessment | $484,700 |
| Land Assessment | $46,900 | Total Assessment | $531,600 |
Property Taxes
Parcel Number
20-24-307-012-0000
Land Assessment
$46,900
Improvements Assessment
$484,700
Total Assessment
$531,600
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6720 Jeffrey | 6720 S Jeffery Blvd
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