5701 Justine Street, Chicago

$365,000

0 Beds
0 Baths
0 Acres
0 Garages

Excellently maintained, TURN-KEY 8-unit investment opportunity! FULLY OCCUPIED BUILDING ON ALL 12-MONTH LEASES! 30% Cash-on-Cash Return! 11% Cap Rate! Cash Flow $1,875/Month! YES THESE NUMBERS ARE REAL! Building consists of four 1-bedroom units and four 2-bedroom units. Shown in the photos is a newly rehabbed 2-bedroom unit (now occupied) and a 1-bedroom unit (this tenant has been here for 30 YEARS!). OTHER RECENT UPDATES TO NOTE: NEW boiler 2-years old, NEW commercial-grade water heater 6-months old, Roof 5-years old, two exterior porches/stairwells redone and tuck-pointing continually completed over the past 5-years to keep up with city requirements. This property is in great shape, the cash-on-cash return is unheard of, and the owner is ready to pass it on after owning and managing it himself for more than two decades. Don't miss out on this CASH COW with GREAT tenants! Rare, excellent investment opportunity.

Essential Information
MLS® #10560577
Price$365,000
Acres0.00
Year Built1930
TypeCommercial
Sub-TypeMulti Family 5+
StatusActive
Community Information
Address5701 Justine Street
AreaCHI - West Englewood
CityChicago
CountyCook
StateIL
Zip Code60636
Interior
HeatingRadiators, Steam
CoolingWindow Unit/s
Stories2
Exterior
ExteriorBrick
Lot DescriptionCul De Sac
RoofFlat
Listing Details
OfficeCompass
Property History
Status Changed from Re-activated to Active
Status Changed from Contingent to Re-activated
Status Changed from Active to Contingent
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $375,000 to $365,000
Show All History (6)
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Listing information last updated on April 4th, 2020 at 9:50pm CDT.