7712 S Jeffery Boulevard, Chicago, IL 60649
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
7712 S Jeffery Boulevard,Chicago, IL 60649
$375,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:michael applegate
Office:straight-a realty, llc.
MLS#:12223081
Source:MLSNI
Price summary
- Price:$375,000
About this home
***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.
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Home facts
- Year built:1926
- Listing Id #:12223081
- Added:254 day(s) ago
- Updated:August 20, 2025 at 01:39 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1926
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$375,000
- Tax amount:$3,616 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 7712 S Jeffery Boulevard
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