Log In/Sign Up
Your email has been sent.
8001 S Justine St 22 Unit Apartment Building $1,900,000 ($86,364/Unit) 7.02% Cap Rate Chicago, IL 60620
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $86,364 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.02% | Building Size | 19,245 SF |
| Gross Rent Multiplier | 7.75 | Average Occupancy | 96% |
| No. Units | 22 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1927/2005 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residential | ||
| Price | $1,900,000 |
| Price Per Unit | $86,364 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| Gross Rent Multiplier | 7.75 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 19,245 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built/Renovated | 1927/2005 |
| Zoning | RS-3 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Carpet
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,150 | 675 - 772 |
| 2+1 | 16 | $975.00 | 570 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-32-109-001-0000 | Total Assessment | $149,300 |
| Land Assessment | $7,470 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $141,830 | Tax Year | 2025 |
Property Taxes
Parcel Number
20-32-109-001-0000
Land Assessment
$7,470
Improvements Assessment
$141,830
Total Assessment
$149,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Logica Services Holding, LLC
8001 S Justine St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.