7712 South Jeffery Boulevard

Chicago, IL 60649

$375,000
Price
3
Beds
4,158 Sq. Ft.
$90 / Sq. Ft.
4,158
Sq. Ft.
$90
per Sq. Ft.

Description

Step into a rare opportunity at 7712 S. Jeffery Blvd., where potential and promise come together in one of Chicago's most sought-after neighborhoods-South Shore! This untraditionally large, golden brick three-unit building is a dream for both investors and owner-occupants, offering an unbeatable combination of space, income potential, and prime location. With over 4,000 square feet of living space, each unit features more than 1,300 square feet, including three spacious bedrooms, original hardwood...Step into a rare opportunity at 7712 S. Jeffery Blvd., where potential and promise come together in one of Chicago's most sought-after neighborhoods-South Shore! This untraditionally large, golden brick three-unit building is a dream for both investors and owner-occupants, offering an unbeatable combination of space, income potential, and prime location. With over 4,000 square feet of living space, each unit features more than 1,300 square feet, including three spacious bedrooms, original hardwood floors throughout, and separate living room and dining room areas. This property comes with a solid foundation of improvements already in place, including two new furnaces (2024), brand-new copper water lines throughout (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system was updated three to four years ago, and two attic condensers offer the potential for central air installation. While these updates provide a head start, additional renovations will be necessary to restore the property to its full potential and transform it into a thriving income-producing asset. Bring your vision to breathe new life into this incredible building! The full basement is bursting with potential, featuring seven-foot ceilings, front and rear exits, and plumbing already in place-perfect for converting into a legal two-bedroom, one-bath garden unit. Imagine the possibilities of creating an additional dwelling unit to maximize the property's income potential! The off-alley parking pad is large enough to accommodate three cars, adding further convenience and value. The laundry area-ready for coin-operated machines-adds even more revenue-generating opportunities, making this property a future cash cow. Thoughtfully priced with an end buyer in mind; the financial and equity upside is truly undeniable. After-repair values in the area average $525,000, with high-end renovations exceeding $700,000. Comparable four-unit properties average $565,000. Rental comps show impressive income potential, with $2,000 per month for three-bedroom units and $1,700 per month for two-bedroom units. A converted garden unit would bring the potential total gross monthly income potential to $7,700, making this an investment opportunity that's hard to beat. Convert the dining room into a fourth bedroom for even more rental income potential! Located just minutes from Lake Michigan, Jackson Park Golf Course, the new Obama Presidential Library, bike paths, Lakeshore Drive, major highways, public transportation, shopping, and dining, this property offers unmatched convenience and lifestyle benefits for tenants. Completely vacant and, this South Shore gem is brimming with potential and priced to sell quickly. Don't miss the chance to own a standout multifamily property with exceptional equity and income possibilities-schedule your showing today! Property will be sold as-is, and subject to any Code violations, please perform due diligence
  1. Listed by Michael Applegate • Straight-A Realty, LLC
  2. Listed by D'Andre Daye • Straight-A Realty, LLC

Property Details for 7712 South Jeffery Boulevard

Area
CHI - South Shore
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 12/20/2024 09:13 AM

Property Details for 7712 South Jeffery Boulevard

StatusContingent
MLS #12223081
Days on Market13
Taxes$3,616 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1926
Lot Size0.09 AC / 3,810 SF
CountyCook County

Building Information for 7712 South Jeffery Boulevard

Stories-Residences3Year Built1926Building Size-Lot Size0.09 AC / 3,810 SF

Property Information for 7712 South Jeffery Boulevard

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned, Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 28
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 3
  • Basement Description: Unfinished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30X127
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7712
  • East Coordinate: 2000
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 3
  • Document Date: 2024-12-15T17:14:57
  • Photos Count: 25
  • OpenHouse Count: 4
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: N/A
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: N/A

Property History for 7712 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 7712 South Jeffery Boulevard

Taxable ValueLand$4,725Additions$16,275Total$21,000
Tax Record2023$3,745 ($312 / month)
Home Facts
Baths3Total Finished SqFt3,912 SqFtAbove Grade Finished SqFt3,912 SqFtStories3Lot Size3,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN20-25-323-023

Schools near 7712 South Jeffery Boulevard

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 7 to 11
Rating
School
Distance
Mann Elementary School
PublicPK to 8

South Shore Intl Col Prep High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

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.

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Listing Courtesy of Straight-A Realty, LLC

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 12/20/2024 09:13 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.