8001 S Justine St 22 Unit Apartment Building $2,761,339 CAD ($125,515 CAD/Unit) 10.11% Cap Rate Chicago, IL 60620
INVESTMENT HIGHLIGHTS
- Professional Offering Memorandum Available Upon Request
- Favorable Mix of Mostly [73%] Two Bedroom Units
- Individual Furnaces, Tenants Pay Heat
- Assumable Debt Available: $1,281,368 Balance, 3.72% IR, 6 Years Fixed Rate Remaining
- Recent Rehab by Ownership Includes New Furnaces, Upgraded Electric, New Porches, and Tuckpointing
- Opportunity for Investor to Increase Below Market Rents for Two Bedroom Units, Strong Rental Upside
EXECUTIVE SUMMARY
Essex Realty Group, LLC has been exclusively engaged to market for sale 8001 S Justine St, a 22-unit apartment building located in Chicago's Auburn Gresham neighborhood.
PROPERTY FACTS
| Price | $2,761,339 CAD |
| Price Per Unit | $125,515 CAD |
| Sale Type | Investment |
| Cap Rate | 10.11% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 17,000 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | RS-3, Chicago |
AMENITIES
UNIT AMENITIES
- Heating
- Eat-in Kitchen
- Kitchen
- Walk-In Closets
- Carpet
- Porch
SITE AMENITIES
- Laundry Facilities
- Grill
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
| 2+1 | 16 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 20-32-109-001-0000 | Improvements Assessment | $196,311 CAD |
| Land Assessment | $10,339 CAD | Total Assessment | $206,651 CAD |
