7200 South Jeffery BoulevardChicago, IL 60649

This exceptional value-add investment opportunity presents a 25-unit multifamily property situated at 7200 South Jeffery Boulevard in Chicago's South Shore neighborhood, just outside Jackson Park. The 31,836 square foot building sits on a 0.73-acre lot and offers a unique blend of potential and existing infrastructure. The unit mix comprises twenty-two one-bedroom, one-bathroom units and three two-bedroom, two-bathroom units. While the units are in varying conditions requiring varying degrees of renovation, the property boasts significant recent improvements. These include a completely updated porch system, a new boiler system and a separate hot water boiler system, 100% copper plumbing throughout, and a substantial 800-amp electrical upgrade. Three of the building's four roofs are updated and newer; however, the fourth roof requires patching. Currently, the property exhibits a high vacancy rate, with the seller actively working to increase this rate to facilitate comprehensive renovations. The seller is also in the process of removing ten AESRAP tenants. Approximately five market-rate tenants currently occupy the building. This property's location offers convenient access to public transportation via a nearby CTA bus stop providing express service to downtown Chicago. The South Shore neighborhood is experiencing a revitalization, fueled by proximity to Lake Michigan and the recently constructed Obama Presidential Library. This presents a compelling opportunity for an investor to capitalize on the area's growth and transform this property into a high-performing asset.