9 days on rocket

7712 S Jeffery Blvd, Chicago, IL, 60649

$375,000

Home List Price

$4,453*

Closing Credit

3 Bedrooms
2 Baths
House

Location

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7712 S Jeffery Blvd, Chicago$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingUnassigned, Off Alley
Year Built1926
HeatingNatural Gas
BasementYes
MLS #12223081
StatusActive

About 7712 S Jeffery Blvd

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**

Property Details

Property Features

Property Information:

  • Year Built: 1926

Listing Office:

  • Office Name: Straight-A Realty, LLC
  • Office Phone: (630) 288-2446
  • Listing Agent: D'Andre Daye

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Unassigned, Off Alley

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: JEFFERY NORTH OR SOUTH TO ADDRESS

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000

Tax Information:

  • Annual Amount: $2,892
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

7712 S Jeffery Blvd vs Chicago

9 DAYS ON ROCKET

-24 Days

$375,000

+$11K More

KEY TAKEAWAY

This property is $11K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12223081

Listing Office:

  • Office Name: Straight-A Realty, LLC
  • Office Phone: (630) 288-2446
  • Listing Agent: D'Andre Daye

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:16:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$2,892$17,824
2018$2,842$17,824
2017$3,483$19,557

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4464165
5
/10

  • Hoyne Elementary School

  • 8905 S Crandon Ave

  • 1.55 miles

  • Public District Grades KG-6

school-card-donut-4464166
7
/10

  • Woodlawn Elementary Community School

  • 6657 S Kimbark Ave

  • 1.61 miles

  • Public District Grades PK-6

school-card-donut-4464167
7
/10

  • McDowell Elementary School

  • 1419 E 89th St

  • 1.66 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,384. The most common annual income of people living in Chicago, IL is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7712 S Jeffery Blvd

What is the listing price of this property?

The listing price of 7712 S Jeffery Blvd property is $375,000.

What type of property is this?

The property 7712 S Jeffery Blvd is a house located in Chicago, Illinois, 60649.

Is this property for sale now?

Active Listing: 7712 S Jeffery Blvd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $2,892 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7712 S Jeffery Blvd has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 7712 S Jeffery Blvd is 1926.

Rocket Homes›Illinois›Cook County›Chicago›60649›7712 S Jeffery Blvd

This home is located at 7712 S Jeffery Blvd in Chicago, IL and zip code 60649 in the South Shore neighborhood. This home was built in 1926. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 09, 2024 and is currently priced at $375,000.

In November 2024, from all listings sold in Chicago, IL there were more than 521 sold above asking price, over 845 sold below and more than 254 were sold right at the asked price. Between October 2024 and November 2024, Chicago, IL real estate market has seen increase in the number of listings by 2.1%. Listings spent 33 days on the market in November 2024, and had a median list price of $363,936 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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