8001 S Justine St - Apartments FOR SALE


Chicago, IL 60620- Gresham
$1,900,000 USD
305-337-9296
8001 S Justine St, Chicago, IL for Sale
$1,900,000 USD
Apartments - FOR SALE
1/7
null | 7.02% Cap Rate

8001 S Justine St
Chicago, IL 60620
Gresham


OVERVIEW

Justine Apartments is a 22-unit, vintage Chicago courtyard-style multifamily property strategically located in Auburn Gresham on the South Side — approximately 9 miles from Downtown Chicago, one block south of the 79th Street INVEST South/West priority corridor, and within walking distance of the new Auburn Gresham Healthy Lifestyle Hub. Logica Real Estate Services II LLC has owned and self-managed the asset, completing $200,000 in documented capital improvements and stabilizing the property at 95% occupancy. The asset is offered as a cash-flowing investment with measurable upside through value-add rent upside on the remaining unrenovated units, an unimplemented RUBS opportunity, and an in-place Freddie Mac SBL loan at 3.72% fixed available for assumption.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

22

PRICE/UNIT

$86,364

CAP RATE

7.02%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,339 SF

ZONING

RS-3

APN/PARCEL ID

20-32-109-001-0000

ASK ABOUT THIS PROPERTY

Jose GomezLogica Services Holding, LLCMore Info
305-337-9296

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Jose GomezLogica Services Holding, LLCMore Info
305-337-9296

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.