7712 S Jeffery Boulevard
Chicago, IL 60649
- 3 beds
- 2 baths
- – sqft
- 3,810 sqft lot
- 1926 build
- – on site
***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 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.
Last checked:
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Last updated Apr 25, 2025
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MLS# 12223081 —
The Building
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Year Built:1926
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Rebuilt:No
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New Construction:false
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Construction Materials:Brick
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Roof:Rubber
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Basement:Unfinished, Full
Interior
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Rooms Total:28
Location
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Directions:JEFFERY NORTH OR SOUTH TO ADDRESS
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Location:27867
The Property
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Parcel Number:20253230230000
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Property Type:Residential Income
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Location:C
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Lot Size Dimensions:30X127
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Zoning:MULTI
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (708) 743-0043
- Office phone:
- (630) 288-2446
Taxes
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Tax Year:2023
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Tax Annual Amount:3615.85
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
Baths
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Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Parking
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Parking Total:3
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Parking Features:Unassigned, Off Alley, On Site, Owned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/2/25
Apr 2, 2025
|
Listed / Active | MRED | $375,000 | |
12/20/24
Dec 20, 2024
|
Sold Subject To Contingencies | MRED | $375,000 | |
12/8/24
Dec 8, 2024
|
Listed / Active | MRED | $375,000 |