7147 S Jeffery Blvd Immeuble residentiel 38 lots 2 866 710 € (75 440 €/Lot) Taux de capitalisation 10,21 % Chicago, IL 60649

Kiser Group is pleased to exclusively present for purchase 7147 S. Jeffery, located outside Jackson Park in Chicago's South Shore neighborhood. Over the past year, South Shore 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. Convenient, the property shares a sidewalk with Chicago’s CTA bus stop, which provides express, and almost nonstop service to and from Chicago’s Downtown.
7147 S. Jeffery is currently comprised of thirty-eight (38) units, which consist of twenty (20) studios, six (6) 1Bd/1Ba units, seven (7) 2Bd/1Ba units, and five (5) 2Bd/2Ba units. Recent improvements to the building consist of, but are not limited to: a modern Weil McClain boiler with R&D control system, updated roof, 100% copper plumbing, and updated electric (800 amps).
7147 S. Jeffery provides an investor with the opportunity to acquire a stabilized, cash flowing asset in Chicago's desirable South Shore neighborhood. From day one, a new owner capitalizes on an incredibly strong tenant base and realize an in place cap rate of 10.21% along with a cash return of 18.09%.