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5701 Justine Street, Chicago
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.
- MLS® #10560577
- Year Built1930
- Sub-TypeMulti Family 5+
- Property Taxes$8,544
- HeatingRadiators, Steam
- CoolingWindow Unit/s
- Listing OfficeCompass
- Address5701 Justine Street
- AreaCHI - West Englewood
- Zip Code60636
- Lot DescriptionCul De Sac
Price Change History for 5701 Justine Street, Chicago, IL (MLS® #10560577)
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