Address
7900 S Jeffery Boulevard, Chicago, IL
Price
$ 250,000
Property Attributes
  • MLS#11830042
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - South Chicago
  • Zip60617
  • StyleCommercial
  • Year Built1963
  • Taxes$ 7927
  • Price$ 250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8713
  • Lot Size11,946 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

APPRAISED AT" $355,000 in January 2023 and LISTED AS-IS AT $250,000!!! In a B3-2 zoned area, this asset can reap the benefits of 1.) Being in an Opportunity Zone, 2.) Being in Empowerment Zone #6, and 3.) Being on an Invest South West corridor. *This 12,000 square foot corner lot is highly visible at the intersection of 79th and Jeffery. With seven (7) units, 8,713 square feet of rental space, this multi-tenant retail building will be very profitable. You can own a detached freestanding one-story retail building discounted $55,00. (per the appraisal). * Currently partitioned for seven tenants. 6 units are vacant. POSSIBLE commercial uses: Nursey School. General Retail, Office, or Restaurant uses. PARKING includes approximately 7 - 14 cars at the rear of the building. *Some units facing 79th Street: They are #1951 to #1959. *Two units face Jeffery Avenue. Those units are 7900 & 7906. UNIT SQUARE FEET: Units 1951 and 1953 contain 1,278 square feet each. Units 1955 and 1957 contain 1,207 square feet. Unit 1959 is 1,491 square feet. Unit 7900 is 1,136 square feet. Unit 7906 contains 1,116 square feet. CALL AND SCHEDULE TO SEE THE INVESTMENT TODAY!

Price History
11/16/2023 Listed $299,995
1/4/2024 17% - $250,000

General Features

Cooling Central Individual
Utilities Electric to Site,Gas to Site,Sanitary Sewer
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1963
Electric Circuit Breakers
Tenant Pays Air Conditioning,Common Area Maintenance,Electricity,Heat
Stories 1
Township Hyde Park
Property SubType Strip Center
Tax Year 2022
Current Use Commercial
County Cook
Insurance Expense 4376
Property Type Commercial Sale
Contingency Attorney/Inspection
Status Contingent
Directions 79th Street to Jeffery or Jeffery to 79th Street
City Chicago
Total Units 7
MLS Area CHI - South Chicago
Lot Size Square Feet 11946
Street Name Jeffery
Tax Annual Amount 7927
Water Sewer Expense 1430
Additional Parcels Y/N No
Days on Market 117
Standard Status Active Under Contract
Property Type Retail/Stores

Interior Features

Street Suffix Boulevard

Exterior Features

Foundation Details Concrete Perimeter
Building Area Total 8713
Lot Dimensions 109 X 110
Frontage Type City Street
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60617

Price
AVG $220K
$250K
Taxes
AVG $1,960
$7,927
Visits
AVG 210
285
Data Provided by Inside Real Estate®
Year Built
AVG 1932
1963
Walkscore
AVG 60
74
Data Provided by Walkscore® not using MLS data

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