7712 S Jeffery Boulevard
Chicago, IL, 60649
$375,000
3 Beds
2 Baths
0 SqFt
0 Acres
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$375,000
7712 S Jeffery Boulevard
Chicago, IL, 60649
MLS #MRD12223081 img 0MLS #MRD12223081 img 1MLS #MRD12223081 img 2MLS #MRD12223081 img 3MLS #MRD12223081 img 4MLS #MRD12223081 img 5MLS #MRD12223081 img 6MLS #MRD12223081 img 7MLS #MRD12223081 img 8MLS #MRD12223081 img 9MLS #MRD12223081 img 10MLS #MRD12223081 img 11MLS #MRD12223081 img 12MLS #MRD12223081 img 13MLS #MRD12223081 img 14MLS #MRD12223081 img 15MLS #MRD12223081 img 16MLS #MRD12223081 img 17MLS #MRD12223081 img 18MLS #MRD12223081 img 19MLS #MRD12223081 img 20MLS #MRD12223081 img 21MLS #MRD12223081 img 22MLS #MRD12223081 img 23MLS #MRD12223081 img 24
Open House May 03, 2025
11:00 – 12:30
***Asking price is only $375,000 – Estimated After-Repair-Value is $671,000*** Discover a rare investment opportunity in South Shore with this massive, golden brick three-flat offering 4,158 square feet of living space and tremendous potential for expansion. Perfect for an owner-occupant looking to house hack, this property allows you to live in one unit while renting out the other two, with the potential to convert the spacious basement into a fourth livable unit for even more rental income. Each of the three units boasts three bedrooms, two full bathrooms, original hardwood floors, and separate living and dining rooms, providing a solid foundation for strong rental income or an owner-occupant setup. Major upgrades have been completed, including a new tear off roof (2020), a brand-new back porch (2025, city-approved), two new furnaces (2024), all-new copper water lines (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system has been updated in recent years, and two attic condensers are already in place for potential central air installation. While the property does need some work, there is significant equity upside for a buyer willing to complete the renovations. With fully renovated units in the area renting for an average of $1,913 per month, this property can generate an estimated $5,739 in gross monthly rental income, potentially covering the majority, if not all, of your housing expenses. The basement, with its high ceilings and ample space, offers the opportunity for conversion into a livable unit, boosting the revenue potential to over $7,000 per month. This property is an excellent candidate for a buyer looking to take advantage of an FHA 203k construction loan to complete the necessary renovations and unlock its full value. Located near Lake Michigan, Jackson Park Golf Course, the Obama Presidential Library, public transit, and major highways, this property provides easy access to everything South Shore has to offer. Recent sales of fully renovated three-unit properties within a one-mile radius have averaged $671,000, providing substantial equity upside for a buyer willing to put in the work. Whether you’re an investor or a savvy homeowner looking for a way to reduce living expenses and build equity, this property is a unique opportunity. The owner has addressed a minor furnace violation, and the property will be delivered free of code violations at closing. Priced to sell, schedule your showing today! Property sold AS-IS.

Property Details

Price:
$375,000
MLS #:
MRD12223081
Status:
Active
Beds:
3
Baths:
2
Address:
7712 S Jeffery Boulevard
Type:
Multi Family
Neighborhood:
CHI – South Shore
City:
Chicago
Listed Date:
Dec 8, 2024
State:
IL
ZIP:
60649
Year Built:
1926

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
Unassigned, Off Alley, Owned
Parking Spots
3
Roof
Rubber

Financial

Tax Year
2023
Taxes
$3,616
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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7712 S Jeffery Boulevard
Chicago, IL