Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

  • Price$365,000
  • Built1930

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.

Essential Information

  • MLS® #10560577
  • Price$365,000
  • Acres0.00
  • Year Built1930
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusActive
  • Property Taxes$8,544

Interior

  • HeatingRadiators, Steam
  • CoolingWindow Unit/s
  • Stories2

Listing Details

  • Listing OfficeCompass

Community Information

  • Address5701 Justine Street
  • AreaCHI - West Englewood
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60636

Exterior

  • ExteriorBrick
  • Lot DescriptionCul De Sac
  • RoofFlat

Price Change History for 5701 Justine Street, Chicago, IL (MLS® #10560577)

Date Details Change
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)