7722 S Jeffery Blvd Chicago, IL 60649

- 9.05% In Place Cap Rate - Gross Income (w/ 5% Vacancy): $236,824 - NOI: $$129,007 Kiser Group is pleased to exclusively offer for purchase the sale of 7722 S. Jeffery, a twenty five (25) unit, center-entranced courtyard in Chicago's booming 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. Conveniently, the property shares a sidewalk with Chicago CTA's "Jeffery Jump" bus stop, which provides express, almost nonstop service to and from downtown Chicago. 7722 S. Jeffery is comprised solely of spacious 1Bd/1Ba units. All of which, however, feature an open style layout with both updated kitchens and baths. Furthermore, and over the years, the building has undergone several capital improvements. Improvements include, but are not limited to, new porches, newer hot water tanks, and a silver-coated roof. 7722 S. Jeffery presents an investor with an incredibly unique opportunity to acquire a stabilized, cash flowing asset in one of Chicago's most desirable neighborhoods. From day one, an investor will realize an in place cap rate over 9%, as well as a cash on cash return of over 20%. Furthermore, through improved leasing and raising rents to levels already being achieved, an investor could achieve a cap rate of 9.25% and a cash on cash return of nearly 21%.