Multifamily Housing
7144 South Jeffery Boulevard Chicago, IL 60649
Details & Description
Price: $15,750,000
    SVN Chicago Commercial is pleased to present the South Shore 71st Jeffery Portfolio which is comprised of four buildings and 204 units. The well managed and maintained portfolio consists of a desirable unit mix of (9) Retail, (24) Studio, (70) 1 bed 1 bath, (43) 2 bed 1 bath, (29) 2 bed 2 bath, and (29) 3 bed 2 bath units. Heat is provided by central boilers. Each building is equipped with an elevator and laundry facilities.Located at the intersection of 71st. Pl. and Jeffery Ave. in Chicago's south side South Shore neighborhood, the buildings are in a prime location to take full advantage of a slew of new development projects at the intersection, including a much-needed grocery store, an entertainment center, and improved infrastructure.The acquisition presents an excellent opportunity for an investor to acquire a value-add portfolio of multifamily properties with upside rent potential.HighlightsDesirable Unit Mix - Upside Rent PotentialRecent Capital ImprovementsWell Managed and Maintained
    Listing Agents
    Jeffrey Baasch

    O: 312-676-1873
    M: 312-286-0141
    Jeffrey.baasch@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    7144 South Jeffery Boulevard

    Chicago, IL 60649

    Listing ID: 219487
    • 7144 South Jeffery Boulevard Chicago, IL 60649 | for Sale | Photo 1
    • 7144 South Jeffery Boulevard Chicago, IL 60649 | for Sale | Photo 2
    • 7144 South Jeffery Boulevard Chicago, IL 60649 | for Sale | Photo 3
    7144 South Jeffery Boulevard | for Sale | Thumbnail 1
    7144 South Jeffery Boulevard | for Sale | Thumbnail 2
    7144 South Jeffery Boulevard | for Sale | Thumbnail 3
    Building Size: 149,500 SF
    Lot Size: 1.337 AC
    Land Size: 58,239 SF
    Building $/SF: $105.35
    Land $/SF: $270.44
    Price
    $15,750,000
    Description

    SVN Chicago Commercial is pleased to present the South Shore 71st Jeffery Portfolio which is comprised of four buildings and 204 units. The well managed and maintained portfolio consists of a desirable unit mix of (9) Retail, (24) Studio, (70) 1 bed 1 bath, (43) 2 bed 1 bath, (29) 2 bed 2 bath, and (29) 3 bed 2 bath units. Heat is provided by central boilers. Each building is equipped with an elevator and laundry facilities.

    Located at the intersection of 71st. Pl. and Jeffery Ave. in Chicago's south side South Shore neighborhood, the buildings are in a prime location to take full advantage of a slew of new development projects at the intersection, including a much-needed grocery store, an entertainment center, and improved infrastructure.

    The acquisition presents an excellent opportunity for an investor to acquire a value-add portfolio of multifamily properties with upside rent potential.

    Highlights

    Desirable Unit Mix - Upside Rent Potential

    Recent Capital Improvements

    Well Managed and Maintained

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Chicago Area Market Trends

    Listing Demographics for 7144 South Jeffery Boulevard Chicago, IL 60649

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population47,480257,490490,202
    Population Median Age383838
    Population by Age0-9 Yrs5863 (12%)28267 (10%)58331 (11%)
    10-19 Yrs5576 (11%)30601 (11%)62700 (12%)
    20-29 Yrs6916 (14%)46920 (18%)81097 (16%)
    30-39 Yrs7082 (14%)35303 (13%)64413 (13%)
    40-49 Yrs6243 (13%)29771 (11%)57850 (11%)
    50-59 Yrs5812 (12%)31289 (12%)60557 (12%)
    60-69 Yrs5714 (12%)29427 (11%)54202 (11%)
    70+ Yrs4274 (9%)25912 (10%)51052 (10%)
    Median HH Income$32,082$37,262$36,236
    Total Household Income< 24K9587 (43%)43742 (37%)80108 (38%)
    25-49K4958 (22%)25941 (22%)47889 (22%)
    50-74K2949 (13%)16423 (14%)30279 (14%)
    75-99K1742 (7%)11149 (9%)19439 (9%)
    100-199K2380 (10%)15143 (13%)25888 (12%)
    200K+495 (2%)4070 (3%)5988 (2%)
    Highest Education LevelNo Diploma31441832242956
    Diploma or GED79494027584934
    Some College98594310381534
    Assoc. Degree32321280924332
    Bachelors Degree48382954550143
    Higher Degree38893164546038
    Total Housing Units27,461141,593255,852
    --Owner-Occupied5,02536,47071,834
    --Renter-Occupied17,08879,997137,757
    Owner-Occupied Values< 100K1602771517123
    100-199K16301585532944
    200-299K1054675711538
    300-399K33122743935
    400-499K16713422217
    500K+24125274076
    Total Working Age Population37,935212,136395,260
    In Work Force23,508127,894234,798
    Not In Work Force14,42784,242160,461
    Workforce Employed19,872110,217198,197
    Workforce Unemployed3,63717,52536,353
    Civlian Workforce23,508127,741234,550
    Military Workforce0152248
    Total Households22,113116,467209,591
    Family Households9,01850,268101,371
    Non-Family Households13,09566,199108,220
    Married Couple2,68219,23837,111
    Other Family6,33631,03064,260
    Married w/Child1,0086,70313,254
    Single Male w/Child1801,5993,845
    Single Female w/Child2,89612,57225,450

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    Will County502,266+35677,560+34907,625+201,093,207
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    Lake County484,564+2496,005-3479,815+1482,321

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 7144 South Jeffery Boulevard in Chicago?
    The asking price for 7144 South Jeffery Boulevard is $15,750,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 7144 South Jeffery Boulevard in Chicago is 149,500 square feet
    How much land does the Chicago, IL property at 7144 South Jeffery Boulevard include?
    7144 South Jeffery Boulevard in Chicago includes 1.337 acres of land
    What is the population within 1 mile of 7144 South Jeffery Boulevard in Chicago?
    The population within 1 mile of 7144 South Jeffery Boulevard Chicago, IL 60649 is 47,480 people.
    Who do I contact for questions about 7144 South Jeffery Boulevard?
    You should contact the listing agent, Jeffrey Baasch, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

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    7001 South Clyde Avenue, Chicago, IL $3,350,000 28800 0.57
    7024 South Paxton Avenue, Chicago, IL $1,550,000 21650 0.32
    7133 South East End Avenue, Chicago, IL $425,000 7200 -
    7136 South East End Avenue, Chicago, IL $415,000 8142 -
    2320 East 70th Place, Chicago, IL $895,000 7250 0.18
    6811 South Clyde Avenue, Chicago, IL $490,000 8334 -
    6844 South Ridgeland Avenue, Chicago, IL $490,000 9958 -

    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 9
    Chicago O'Hare International Airport (ORD) 22
    South Bend Regional Airport (SBN) 65
    Price
    $15,750,000
    Listing Agent
    More listings from Jeffrey Baasch
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