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8001 S Justine St 22 Unit Apartment Building $2,602,506 CAD ($118,296 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,602,506 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $118,296 CAD | 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 | $2,602,506 CAD |
| Price Per Unit | $118,296 CAD |
| 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 | $1,575 CAD | 675 - 772 |
| 2+1 | 16 | $1,335 CAD | 570 |
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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 | $204,502 CAD |
| Land Assessment | $10,232 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $194,270 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
20-32-109-001-0000
Land Assessment
$10,232 CAD
Improvements Assessment
$194,270 CAD
Total Assessment
$204,502 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Presented by
Logica Services Holding, LLC
8001 S Justine St
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