AVAILABLE Properties
7039 S Justine St, Chicago, IL 60636
OFF-MARKET RENTAL CHICAGO OPPORTUNITY
PROPERTY Details
Sq. Ft: 1,721 Sq Ft
Bedrooms: 5
Bathrooms: 1
Layout: Two 2 bed 1 bath units
Parking: Slab in back for parking
HOA: None
Occupancy: Tenant occupied currently month to month. Tenant would like to stay & have been in the property for 3 years.
Paying: $2100/month plus utilities. Owner currently pays water.
Current landlord has a flexible rent collection arrangement with the tenants. The property is occupied by a mother and son. The mother pays $1,300–$1,400 during the first week of the month, and the son pays the remaining balance during the last week of the month. Landlord has proof/receipt of rental payments.
infrastructure & UTILITIES
Roof: In very good condition | Replaced 15 years ago
Plumbing : Good working order
Electrical: Good working order
Hot water heater: 4 years
HVAC: Replaced 8-9 years ago
Appliances: All kitchen appliances included. Washer & dryer we’re provided by the tenant.
asking price
Cash/Hard Money - Can provide lender offering competitive rates if needed
Multiple Exit Strategies!
Asking Price: $150k
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Annual Operating Expenses
Property Taxes: $800/Annual
Insurance: $1,500/Annual
Water Bill: $105/ Month
Maintenance: $1,200/Annual
Total Annual Operating Expenses: $4,760
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Investment Metrics
Monthly Gross Income: $2,100
Annual Gross Income: $25,200
Annual Operating Expenses: $2,950
Net Operating Income (NOI): $22,250
Monthly NOI: $1,854.17
Gross Rental Yield: 15.27%
Cap Rate: 13.48%
Gross Rent Multiplier (GRM): 6.55
Operating Expense Ratio: 11.71%
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
Tour available upon request.
COE before 8/22/26
Overview
Turnkey investment opportunity in Chicago with a long-term tenant already in place. The property has been well maintained with recent kitchen and bathroom updates, offers immediate cash flow from day one.
Value Add Opportunity
Opportunity to value add with cosmetic finishes over time
Potential for future rent increases
Strong long-term appreciation potential in a stable rental market
Exit Strategies:
Buy & hold with immediate cash flow
BRRRR after seasoning
Refinance into a stabilized rental portfolio asset
Rare off-market deal, deals in this pocket move quickly — especially with this kind of spread and upside. Looking to move fast. Reach out for access before it’s gone.
AREA INSIGHTS
Real Estate Market Trends:
Stable Rental Market
Chicago continues to attract investors seeking strong cash flow due to its affordable acquisition prices, growing rental demand, and attractive cap rates. The city's large renter population and limited affordable housing supply continue to support long-term rental performance.
Strong Cash Flow Potential
Properties in the 60636 area offer investors an attractive combination of affordability and income potential. Compared to many larger Midwest markets, Detroit provides significantly higher rental yields, making it a popular destination for both local and out-of-state buy-and-hold investors.
Immediate Income
This fully occupied duplex generates $2,100 per month in rental income from day one. With both units leased and tenants paying their own utilities, investors benefit from immediate cash flow while minimizing vacancy and lease-up risk.
Value-Add Opportunity
While the property is already stabilized, investors may have opportunities to increase long-term value through future cosmetic improvements, strategic rent adjustments as leases renew, or continued property enhancements. These improvements can strengthen future appreciation and overall returns.
Long-Term Growth
Detroit continues to experience significant investor activity as neighborhoods benefit from ongoing redevelopment, infrastructure improvements, and steady rental demand. The combination of affordable purchase prices and strong rental performance positions the market well for long-term portfolio growth.
Investor Summary
This fully occupied duplex presents an excellent opportunity for investors seeking immediate cash flow and long-term appreciation. Producing $27,900 in annual gross rental income, with both tenants on active leases and low operating expenses, the property offers a strong investment profile for buy-and-hold, BRRRR, or portfolio expansion strategies. Its attractive cap rate, stable occupancy, and favorable rental fundamentals make it a compelling addition to any real estate portfolio.