5701 Justine Street, Chicago, 60636

REDUCED 3% REDUCED 3% $365,000 - Multi Family 5+ For Sale

$365,000

Beds
Baths
Sqft
1930Built
MLS® #: 10560577
Active

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.

Additional Information: This property is located in the CHI - West Englewood neighborhood, IL. This bedrooms multi family 5+ property is priced at $365,000.

Price & Status History

Date Details
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 Change
Show More (2)

Essential Information

MLS® #: 10560577
Price: $365,000
Taxes: $8,544
Acres: 0.00
Year Built: 1930
Type: Commercial
Sub-Type: Multi Family 5+
Status: Active

Community Information

Address: 5701 Justine Street
Area: CHI - West Englewood
City: Chicago
County: Cook
State: IL
Zip Code: 60636

Interior

Heating: Radiators, Steam
Cooling: Window Unit/s
Stories: 2

Exterior

Exterior: Brick
Lot Description: Cul De Sac
Roof: Flat

Listing Details

Listing Office: Compass

Properties for Sale Similar to 5701 Justine Street, Chicago, IL

Turnkey Fully Renovated 2017 4 Unit Apartment B...

prevnext 1 of 0 images

$350,000 Active

  • 0.08 Acres

Commercial

6058 Wolcott Avenue, Chicago, IL

MLS® #10396666

Turnkey Fully Renovated 2017 4 Unit Apartment Building With A Coach House. Unique Opportunity Two Parcels/buildings On One Pin#. Coach House Has Five Bedrooms And Two Full Baths And Full Unfinished Basement. Four Unit Brick Building All 2 Bedrooms With 1 Bath. Tenants Pay Cooking Gas And Electric...

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 Berkshire Hathaway HomeServices KoenigRubloff Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. 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. Information deemed reliable but not guaranteed.

Listing information last updated on March 30th, 2020 at 11:22am CDT.