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%.
Based on information submitted to the MLS GRID as of 10/08/2024 08:14 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.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
