Local Investor Acquires 25-Unit Mixed-Use Property In South Shore, Chicago For $1.3M

7300 S. Jeffery Boulevard, a mixed-use property in South Shore, Chicago, was recently sold for $1,300,000. The property, marketed by Brian Mond of Essex Realty, consists of 21 apartments, including studios, one-bedroom, and two-bedroom units, as well as four street-level retail spaces. The buyer, a local investor represented by Brian Mond, completed the purchase of the property, which is situated on the west side of Jeffery Boulevard, less than a mile south of Jackson Park. Jackson Park is a historic 550-acre park located along the shores of Lake Michigan and has been in existence since 1871.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,300,000
• Units: 25
• Price per Unit: $52,000
• Broker: Brian Mond - Essex Realty

Essex Realty's Director, Brian Mond, was retained to market 7300 S. Jeffery Boulevard on behalf of a local investor. After an extensive marketing campaign, the property went under contract within four weeks. Mond not only represented the seller but also facilitated the transaction on behalf of the buyer, another local investor. This successful deal highlights the expertise and effectiveness of Brian Mond and Essex Realty in the South Shore market.