6830 South Jeffery Boulevard

Chicago, IL 60649

$1,300,000
Price
19
Beds
19
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

6830 s. Jeffery is a seven (7) unit walk-up building located just one block away from Jackson Park in Chicago's South Shore neighborhood. Over the past few years, Jackson Park has seen a resurgence in new developments due to its proximity to Lake Michigan, as well as Chicago's Downtown, most notably with the construction of the Obama Presidential Library. Given the assets location, there are a number of public transportation options to and from Chicago's Downtown providing tenants with quick, easy,...6830 s. Jeffery is a seven (7) unit walk-up building located just one block away from Jackson Park in Chicago's South Shore neighborhood. Over the past few years, Jackson Park has seen a resurgence in new developments due to its proximity to Lake Michigan, as well as Chicago's Downtown, most notably with the construction of the Obama Presidential Library. Given the assets location, there are a number of public transportation options to and from Chicago's Downtown providing tenants with quick, easy, and affordable transportation options. 6830 S. Jeffery is comprised of seven (7) total units. Currently, the building consists of six (6) incredibly spacious 3bd/3ba units boasting nearly 2,500 square feet of living space, as well as one (1) newly finished 1bd/1ba garden unit. All of which, however, are heated and cooled via separate and individual in-unit HVAC units. Additional updates include copper plumbing throughout the entire building, a roof tear off six (6) years ago, and a new silver coating placed this year. 6830 S. Jeffery presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's fastest growing neighborhoods. From day one, a new owner will benefit from an in-place cap rate of over 8% and a cash-on-cash return of over 10%. Solely through raising rents to figures already being achieved in the building, and/or through further rehabbing the remaining units, an investor can realize a pro-forma cap rate of over 9%.
  1. Listed by Aaron Sklar • Kiser Group Realty Inc
  2. Listed by Noah Birk • Kiser Group Realty Inc

Property Details for 6830 South Jeffery Boulevard

Area
CHI - South Shore
LISTING UPDATED: 08/17/2024 03:36 AM

Property Details for 6830 South Jeffery Boulevard

StatusActive
MLS #12088637
Days on Market127
Taxes$11,929 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1924
Lot Size0.23 AC / 10,125 SF
CountyCook County

Building Information for 6830 South Jeffery Boulevard

Stories3Residences7Year Built1924Building Size-Lot Size0.23 AC / 10,125 SF

Property Information for 6830 South Jeffery Boulevard

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Individual Furnaces
  • Num of Baths: 19.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 75' X 135'
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $1,994.00
  • Fuel Expense: $2,500.00
  • Gross Income: $152,496.00
  • Gross Scheduled Income: $150,871.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $2,575.00
  • Manager Expense: $7,244.00
  • Janitor Expense: 1200
  • Total Monthly Income: 13208
  • Net Operating Income: $107,887.00
  • Operating Expense: $42,984.00
  • Other Expense: $2,200.00
  • Trash Expense: $1,842.00
  • Water Sewer Expense: $8,000.00
Unit 1
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 6830 South Jeffery Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6830 South Jeffery Boulevard

Taxable ValueLand$22,612Additions$35,387Total$57,999
Tax Record2022$11,929 ($994 / month)
Home Facts
Baths6Total Finished SqFt14,553 SqFtAbove Grade Finished SqFt14,553 SqFtStories3Lot Size10,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN20-24-315-014

Schools near 6830 South Jeffery Boulevard

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Okeeffe Elementary School
PublicPK to 8

South Shore Fine Arts Elementary School
PublicPK to 8

South Shore Intl Col Prep High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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6830 South Jeffery Boulevard is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on June 19, 2024 by Kiser Group Realty Inc, it's currently listed at $1,300,000. It has been on the market for a total of 127 days and was last sold on February 15, 2018. This listing's school district is City Of Chicago School District 299. Nearby schools include Okeeffe Elementary School, Chicago Vocational Career Academy High School and South Shore Fine Arts Elementary School. 6830 South Jeffery Boulevard is a 19-bed, 19-bath, multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kiser Group Realty Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:36 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.