6947 South Jeffery Boulevard

Chicago, IL 60649

$1,200,000
Price
15
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

6749 s. Jeffery is a twelve (12) unit walk-up on one of Jackson Park's premier boulevards. The asset is ideally situated directly off the Lake Shore Drive's Jeffery exit, and it's nestled in the heart of Chicago's Jackson Park just blocks away from the developing Obama Presidential Library. Furthermore, 6947 S. Jeffery sits just two (2) blocks south of the Jackson Park Golf Course and is just walking distance from the Lakefront Trail on 67th Street. 6947 S. Jeffery has a unique unit composition which...6749 s. Jeffery is a twelve (12) unit walk-up on one of Jackson Park's premier boulevards. The asset is ideally situated directly off the Lake Shore Drive's Jeffery exit, and it's nestled in the heart of Chicago's Jackson Park just blocks away from the developing Obama Presidential Library. Furthermore, 6947 S. Jeffery sits just two (2) blocks south of the Jackson Park Golf Course and is just walking distance from the Lakefront Trail on 67th Street. 6947 S. Jeffery has a unique unit composition which currently includes both one bedroom and two bedroom units. Of the twelve (12) existing units, there are nine (9) 1b/1ba units and three (3) 2b/1ba units. Eleven (11) of the which, however, feature updated flooring, newer kitchens and baths along with stone countertops, and are equipped with modern, stainless steel appliances. The remaining unit, however, has long term renters and has not been modernized within the past seven years. Recent improvements to the building consist of, but not limited to: individual and separate furnaces, updated copper plumbing, newer windows, an updated roof, steel porches, and an efficient hot water boiler. 6947 S. Jeffery presents an incredibly unique opportunity to acquire a property on Chicago's premier Jeffery Boulevard. With the area ever improving, coupled with the finite amount of assets located between 67th Street and 71st, the building is poised for additional and future growth and appreciation. Furthermore, the asset provides a new owner immediate cash flow from day one, and an incredible value add proposition by updating the remaining units as tenants move out, further improving the cap rate significantly.
  1. Listed by Aaron Sklar • Kiser Group Realty Inc
  2. Listed by Noah Birk • Kiser Group Realty Inc

Property Details for 6947 South Jeffery Boulevard

Area
CHI - South Shore

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute
LISTING UPDATED: 05/14/2024 03:01 AM

Property Details for 6947 South Jeffery Boulevard

StatusActive
MLS #12031569
Days on Market63
Taxes$9,383 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1961
Lot Size0.11 AC / 5,000 SF
CountyCook County

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute

Building Information for 6947 South Jeffery Boulevard

Stories-Residences12Year Built1961Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$7,331 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$782

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6947 South Jeffery Boulevard

General Information
Addtl Parking Information
  • Open Parking Spaces: 5.0
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: 12.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 50' X 100'
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $753.00
  • Fuel Expense: $1,040.00
  • Gross Income: $148,080.00
  • Gross Scheduled Income: $140,676.00
  • Insurance Expense: $7,218.00
  • Maintenance Expense: $3,500.00
  • Manager Expense: $7,034.00
  • Janitor Expense: 3000
  • Total Monthly Income: 12340
  • Net Operating Income: $96,958.00
  • Operating Expense: $43,718.00
  • Other Expense: $.00
  • Trash Expense: $6,650.00
  • Water Sewer Expense: $5,140.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
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 6947 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 6947 South Jeffery Boulevard

Taxable ValueLand$5,670Additions$39,949Total$45,619
Tax Record2022$9,383 ($782 / month)
Home Facts
Stories3Lot Size6,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN20-24-414-010

Schools near 6947 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.

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6947 South Jeffery Boulevard is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on April 16, 2024 by Kiser Group Realty Inc, it's currently listed at $1,200,000. It has been on the market for a total of 63 days and was last sold on March 18, 2015. 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. 6947 South Jeffery Boulevard is a 15-bed, 12-bath, multi-family home built in 1961.

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. 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 05/14/2024 03:01 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.