9021-9023 S Justine St - Apartments FOR SALE


Chicago, IL 60620- Brainerd
$725,000 USD
312-403-0392
9021-9023 S Justine St, Chicago, IL for Sale
$725,000 USD
Apartments - FOR SALE
1/31
null | 8.3% Cap Rate

9021-9023 S Justine St
Chicago, IL 60620
Brainerd


OVERVIEW

Beautiful Graystone 6-Unit Building in Chicago's Brainerd Neighborhood We are proud to present this beautiful and rare Graystone building located in the desirable Brainerd area of Chicago. This property is truly a gem and offers an excellent opportunity for investors seeking a well-maintained, income-producing asset. The building features six spacious units, each offering 2 bedrooms, a large living room, and a formal dining room. The generous floor plans make these units highly desirable for long-term tenants. In addition, every unit includes a heated enclosed rear porch, which may be utilized as a home office, den, or potential third bedroom. Property improvements and features include: • Vinyl replacement windows throughout the building • Roof recently resealed and coated with reflective paint to extend its lifespan • Individually heated units • Copper water lines throughout the property • New Rheem commercial-grade hot water system recently installed • Renovated units featuring updated bathrooms with new tubs and ceramic tile on walls and floors • Updated kitchens including cabinets, appliances, and built-in microwaves • Recently tuckpointed front façade and parapet walls • Attractive and well-maintained laundry room • Six-camera security system with remote access capability • Freshly painted hallways with new carpeting • New glass block windows installed in the basement • High-efficiency (96%) forced-air furnace serving the basement, helping minimize owner heating expenses during winter months This property currently generates $100,000 in annual gross income while maintaining very low owner overhead costs. The current owners have proudly maintained this property for many years and have decided to sell as they prepare for retirement. Confidential Sale Terms This is a confidential sale to respect the privacy of the tenants and minimize disruptions to their daily lives: • Serious inquiries only • Proof of funds or financing pre-approval must be provided before scheduling any interior showings • Please do not contact or discuss the sale with tenants • Showings will be arranged only for qualified buyers This is a rare opportunity to acquire a turnkey, income-producing multifamily property in a stable Chicago location with strong rental demand and extensive recent upgrades.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

6

PRICE/UNIT

$120,833

CAP RATE

8.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RS-3

APN/PARCEL ID

25-05-125-005-0000

ASK ABOUT THIS PROPERTY

JC JonesPilar Capital ManagementMore Info
312-403-0392

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JC JonesPilar Capital ManagementMore Info
312-403-0392

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