8014 S Justine St, Chicago, IL 60620 For Sale

  • $274,900
  • 6 beds
  • 2 baths
  • 2566 sqft

New Opportunity to own an updated blond-brick 2-Flat in Chicago’s Auburn Gresham neighborhood. This is a great building for a new owner or investor! Don’t wait! * This property is spacious. The first floor unit features three (3) bedrooms, one (1) bathroom. The second floor unit also has three (3) bedrooms, one (1) bathroom. Both units have been updated in 2015. Renovations included new kitchen cabinets, counter tops, sinks, faucets, GFI’s & ceramic tile backsplash! New black appliances, bathrooms, (Vanities, Lights, Faucets, Mirrors, Fixtures) light fixtures & ceiling fans! Refinished floors, new trim and paint were installed at time of rehab! Rehab also included exterior and interior doors with new handles! Mechanicals, tuck-pointing repairs & so much more! The property is located within walking distance of the CTA at 80th & Ashland, Aldi & Walgreens. Schedule your showing today, this is a great building to own!


Estimated Proforma Income/Expense Pct Monthly Annual
Gross Potential Rent (estimated) 2,300 27,600
Total Income (estimated) 2,300 27,600
— Expenses —
Property Taxes – Tax Yr: 2018 -230 -2,760
Insurance (estimated) -208 -2,500
Property Management Fees (Pct of Gross Rent) 8.00% -184 -2,208
Allowance for Maintenance/Turnover/Vacancy (estimated Pct of Gross Rent) 15.00% -345 -4,140
Water/Sewer (estimated) -90 -1,080
Trash Collection (estimated) -21 -252
Common Area Utilities (estimated) -20 -240
Common Area Maintenance (estimated) -80 -960
Total Expenses (estimated) -1,178 -14,140
——
Net Operating Income (estimated) 1,122 13,460
Price:
$274,900
Address:
8014 S Justine St
Chicago, IL 60620
Square Feet:
2566
Bedrooms:
6
Bathrooms:
2
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1915
Basement:
Full, Unfinished
Const. Type:
Brick
MLS #:
11218431

Call 773.233.8180 for more details

Property Location