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7712 S Jeffery Boulevard

Chicago, IL 60649
  • $375,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • MLS #: 12223081
Under Contract
UPDATED: 50 min ago
$375,000
  • 3
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

School District:
299

Description

Step into a rare opportunity at 7712 S. Jeffery Blvd., where potential and promise come together in one of Chicago's most sought-after neighborhoods-South Shore! This untraditionally large, golden brick three-unit building is a dream for both investors and owner-occupants, offering an unbeatable combination of space, income potential, and prime location. With over 4,000 square feet of living space, each unit features more than 1,300 square feet, including three spacious bedrooms, original hardwood floors throughout, and separate living room and dining room areas. This property comes with a solid foundation of improvements already in place, including two new furnaces (2024), brand-new copper water lines throughout (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system was updated three to four years ago, and two attic condensers offer the potential for central air installation. While these updates provide a head start, additional renovations will be necessary to restore the property to its full potential and transform it into a thriving income-producing asset. Bring your vision to breathe new life into this incredible building! The full basement is bursting with potential, featuring seven-foot ceilings, front and rear exits, and plumbing already in place-perfect for converting into a legal two-bedroom, one-bath garden unit. Imagine the possibilities of creating an additional dwelling unit to maximize the property's income potential! The off-alley parking pad is large enough to accommodate three cars, adding further convenience and value. The laundry area-ready for coin-operated machines-adds even more revenue-generating opportunities, making this property a future cash cow. Thoughtfully priced with an end buyer in mind; the financial and equity upside is truly undeniable. After-repair values in the area average $525,000, with high-end renovations exceeding $700,000. Comparable four-unit properties average $565,000. Rental comps show impressive income potential, with $2,000 per month for three-bedroom units and $1,700 per month for two-bedroom units. A converted garden unit would bring the potential total gross monthly income potential to $7,700, making this an investment opportunity that's hard to beat. Convert the dining room into a fourth bedroom for even more rental income potential! Located just minutes from Lake Michigan, Jackson Park Golf Course, the new Obama Presidential Library, bike paths, Lakeshore Drive, major highways, public transportation, shopping, and dining, this property offers unmatched convenience and lifestyle benefits for tenants. Completely vacant and, this South Shore gem is brimming with potential and priced to sell quickly. Don't miss the chance to own a standout multifamily property with exceptional equity and income possibilities-schedule your showing today! **Property will be sold as-is, and subject to any Code violations, please perform due diligence**

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2025-02-08T17:02:06.033 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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7712 S Jeffery Boulevard Chicago, IL 60649

  • Price: $375,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • Updated: 50 min ago
  • MLS #: 12223081
3
Beds
0
Baths
0
½ Baths
N/A
Acres
1926
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
School District:
299
Property Description
Step into a rare opportunity at 7712 S. Jeffery Blvd., where potential and promise come together in one of Chicago's most sought-after neighborhoods-South Shore! This untraditionally large, golden brick three-unit building is a dream for both investors and owner-occupants, offering an unbeatable combination of space, income potential, and prime location. With over 4,000 square feet of living space, each unit features more than 1,300 square feet, including three spacious bedrooms, original hardwood floors throughout, and separate living room and dining room areas. This property comes with a solid foundation of improvements already in place, including two new furnaces (2024), brand-new copper water lines throughout (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system was updated three to four years ago, and two attic condensers offer the potential for central air installation. While these updates provide a head start, additional renovations will be necessary to restore the property to its full potential and transform it into a thriving income-producing asset. Bring your vision to breathe new life into this incredible building! The full basement is bursting with potential, featuring seven-foot ceilings, front and rear exits, and plumbing already in place-perfect for converting into a legal two-bedroom, one-bath garden unit. Imagine the possibilities of creating an additional dwelling unit to maximize the property's income potential! The off-alley parking pad is large enough to accommodate three cars, adding further convenience and value. The laundry area-ready for coin-operated machines-adds even more revenue-generating opportunities, making this property a future cash cow. Thoughtfully priced with an end buyer in mind; the financial and equity upside is truly undeniable. After-repair values in the area average $525,000, with high-end renovations exceeding $700,000. Comparable four-unit properties average $565,000. Rental comps show impressive income potential, with $2,000 per month for three-bedroom units and $1,700 per month for two-bedroom units. A converted garden unit would bring the potential total gross monthly income potential to $7,700, making this an investment opportunity that's hard to beat. Convert the dining room into a fourth bedroom for even more rental income potential! Located just minutes from Lake Michigan, Jackson Park Golf Course, the new Obama Presidential Library, bike paths, Lakeshore Drive, major highways, public transportation, shopping, and dining, this property offers unmatched convenience and lifestyle benefits for tenants. Completely vacant and, this South Shore gem is brimming with potential and priced to sell quickly. Don't miss the chance to own a standout multifamily property with exceptional equity and income possibilities-schedule your showing today! **Property will be sold as-is, and subject to any Code violations, please perform due diligence**
Exterior Features

Exterior Building Type Brick Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details Space/s Parking Features UnassignedOff Alley Parking Onsite Yes Parking Ownership Owned Parking Total 3 Roof Rubber Waterfront YN No

Interior Features

Basement Unfinished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 3 Full Baths In Building 2 Half Baths In Building 0 Heating Natural Gas Rooms Total 28

Property Features

Age 91-100 Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information None Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3615.85 Tax Year 2023 Total Numberof Unitsin Building 3 Township Hyde Park Type Two to Four Units Water Source Public Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Straight-A Realty, LLC: 630-288-2446.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2025-02-08T17:02:06.033 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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