$570,000
$699,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
8020 Thomas Street Justice, IL 60458
Key Details
Sold Price $570,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11363257
Sold Date 08/05/22
Year Built 1980
Annual Tax Amount $6,640
Tax Year 2020
Lot Dimensions 100X98
Property Description
Great investment opportunity for those seeking passive income in Justice, IL. Well-maintained 6 unit Multi-Family property, with 12 off-street parking spaces. All units are occupied. The unit mix is Five 2bd/1ba units and One 2bd/2ba units. 3 units have balconies and the 2bd/2ba unit has a private courtyard. New coin-operated laundry in the basement for additional income (1 washer/1 dryer). Each unit has a storage locker in the basement and there is a large, private Owner's area in the basement which has a secure drop box for rent payments. Part of which could be converted to duplex down the 2bd/2ba unit for additional space. Baseboard heat and wall/window AC units. Newer water heater, laundry, and sump pump. Roof and Boiler are 10-15 years old but very well maintained. Value-add potential to do light cosmetic work and increase rents for immediate increase in value. Just over 1/4 mile from the busy intersection of W 79th St. and S Roberts Rd. and all of the restaurants and retail that the area has to offer. Rare Tenant turn-over as they enjoy living on this property.
Location
State IL
County Cook
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Anna Krzemien • RE/MAX 10