Active MLS # 11718540, Listed by First In Realty Executives Inc
7102 S Jeffery Boulevard is a $4,500,000, 49,100 square foot home on a 0.35 acre lot located in Chicago, IL.
56 unit mixed use investment for sale in Chicago's booming South Shore neighborhood strategically positioned on the hard-corner of 71st Jeffery Boulevard adjacent to Metra's Electric Line and Jeffery Plaza, a grocery anchored community center featuring Local Market, Walgreens, Chase Bank, Dominos Pizza, Subway and more with close proximity to the South Shore Cultural Center, the future Tiger Woods redesigned golf course, and Jackson Park, the future home of the Barack Obama Presidential Center. Regal Mile Film studios recently announced a new 380,000 SF filming studio anticipated to open in 2024 which recently broke ground within 2 miles of the subject property. Investment features 46 residential units consisting of 15 studio units, 28 one-bedroom units, 1 two-bedroom unit, 1 three-bedroom unit, 9 street level commercial retail units and 1 roof-mounted billboard on a 10 year term with 8+ years remaining. Attractive assumable financing for qualified purchasers with a 10 year term mortgage and 30 year amortization. Value-add opportunity through increasing retail rental units. This attractive multi-family investment sale has historically maintained near 100% occupancy rates and has been a long-term family-owned investment with strong performance. Most major mechanicals replaced within the past ten years. 7.26% cap rate. $81,818 per unit. Great investment.
| Interior Features | Concrete Perimeter |
| Exterior Features | Multi-Family Circuit Breakers City Street Varies by Tenant |
| Construction Types | Brick Concrete |
| Property Type | Commercial Sale |
| Style | Multi Family 5+ |
| Year Built | 1930 |
| HOA Fee | $0.00 |
| Taxes | $91,540.00 |
| County | cook |
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Listings marked with the Broker Reciprocity icon (above) are provided courtesy of Midwest Real Estate Data, LLC. Broker Reciprocity Database. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
