The Jeffery Collection 3 Multifamily Properties Offered at £11,658,985 in Chicago, IL

Kiser Group is pleased to exclusively present for purchase The Jeffery Collection; a three (3) building portfolio consisting of One Hundred Fifty-Six (156) units in Chicago's historic South Shore neighborhood. Situated in premier locations in one of Chicago's most rapidly appreciating neighborhoods, the assets are ideally located just blocks away from the Obama Presidential Library, Jackson Park, and Lake Michigan. Conveniently, the property shares a sidewalk with Chicago’s CTA bus stop, which provides express, and almost nonstop service to and from Chicago’s Downtown.
The Jeffery Collection has an incredibly desirable unit composition. 7130 S. Jeffery is comprised of four (4) retail, fourty-four (44) 1bd/1ba, ten (10) 2bd/1ba, and five (5) 3Bd/2Ba, 7147 S. Jeffery consists of twenty (20) studios, six (6) 1Bd/1Ba, seven (7) 2Bd/1Ba, and five (5) 2Bd/2Ba, and 1962 E. 71st is comprised of five (5) retail, five (5) studios, sixteen (16) 1bd/1Ba, and twenty-nine (29) 2Bd/1Ba. All of which, however, are incredibly spacious with newly renovated kitchens and baths. Recent improvements to the buildings include, but are not limited to, modern boilers with R&D control systems, newer windows & porches, granite countertops, stainless steel appliances, and an abundance of masonry & tuckpointing work.
The Jeffery Collection presents an investor with the rare opportunity to acquire One Hundred Fifty-Six (156) newly renovated units in the heart of Chicago's South Shore neighborhood. From day one, an investor will realize a cap rate of 10.01% and a cash return of 17.30%. Through improved leasing and raising rents to levels already being achieved, The Jeffery Collection offers its next owner the potential to reach a 10.74% cap rate and a 20.19% cash return.