Description
56 unit mixed use investment for sale in Chicago's booming South Shore neighborhood strategically positioned on the hard-corner of 71st Jeffery Boulevard adjacent to Metra's Electric Line and Jeffery Plaza, a grocery anchored community center featuring Local Market, Walgreens, Chase Bank, Dominos Pizza, Subway and more with close proximity to the South Shore Cultural Center, the future Tiger Woods redesigned golf course, and Jackson Park, the future home of the Barack Obama Presidential Center. Regal Mile Film studios recently announced a new 380,000 SF filming studio anticipated to open in 2024 which recently broke ground within 2 miles of the subject property. Investment features 46 residential units consisting of 15 studio units, 28 one-bedroom units, 1 two-bedroom unit, 1 three-bedroom unit, 9 street level commercial retail units and 1 roof-mounted billboard on a 10 year term with 8+ years remaining. Attractive assumable financing for qualified purchasers with a 10 year term mortgage and 30 year amortization. Value-add opportunity through increasing retail rental units. This attractive multi-family investment sale has historically maintained near 100% occupancy rates and has been a long-term family-owned investment with strong performance. Most major mechanicals replaced within the past ten years. 7.26% cap rate. $81,818 per unit. Great investment.
Location
Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED 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. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 29th March, 2023 1:22 PM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED 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. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 29th March, 2023 1:22 PM (UTC)
Attribution contact: 773-779-3473
Listing Office: First In Realty Executives Inc
