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Jeffery Parkway Apartments 6731 S Jeffery Blvd 55 Unit Apartment Building $3,925,000 ($71,364/Unit) 9.50% Cap Rate Chicago, IL 60649
Investment Highlights
- [52] Studios | [1] 1BD/1BA | [2] 2BD/1BA
- Renovated Units with Modern Kitchens and Baths
- Part of the AHSAP Program - Significant Tax Reduction
- $71K/Unit
- On-Site Laundry
- Central Boiler Building
Executive Summary
Nara Advisors is pleased to exclusively market for sale 6731 S Jeffery Blvd, a 55-unit apartment building located in Chicago's Jackson Park neighborhood.
Property Facts
| Price | $3,925,000 | Building Class | B |
| Price Per Unit | $71,364 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 37,677 SF |
| Cap Rate | 9.50% | Average Occupancy | 95% |
| No. Units | 55 | No. Stories | 7 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | RM5, Chicago | ||
| Price | $3,925,000 |
| Price Per Unit | $71,364 |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 37,677 SF |
| Average Occupancy | 95% |
| No. Stories | 7 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | RM5, Chicago |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Carpet
- Wi-Fi
- Built-In Bookshelves
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 52 | - | 400 |
| 1+1 | 1 | - | 800 |
| 2+1 | 2 | - | 950 |
1 1
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 20-24-400-006-0000 | Improvements Assessment | $180,812 |
| Land Assessment | $8,789 | Total Assessment | $189,601 |
Property Taxes
Parcel Number
20-24-400-006-0000
Land Assessment
$8,789
Improvements Assessment
$180,812
Total Assessment
$189,601
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Jeffery Parkway Apartments | 6731 S Jeffery Blvd
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