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Brick Duplex with Finished Basement
New
For Sale
$315,000

8047 S Justine Street, Chicago, IL 60620

Leased residential income property with updated interiors and natural gas service.

Property SizeContact for details
Days on Market5

Property Features for 8047 S Justine Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Gross Income $35,400
Multifamily Units 2

Amenities

Natural Gas
Flat

Building Details

Year Built 1920
Year Renovated 2023
Buildings 1
Construction brick
Listed By: Ife Osundolire · License #475
Source: Kw
Added: Sep 7 Last Checked: Sep 9 at 8:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ife Osundolire

Investment Insights

Based on property information with market context.

Located at 8047 S Justine Street, this legal duplex is a brick residential income property with a finished basement and three separate living spaces. Each level is arranged with two bedrooms and one bathroom, providing a practical configuration for rental occupancy or an owner-occupant arrangement. The property is currently leased and underwent rehabilitation in 2023.

Recent improvements include laminate flooring, windows, doors, and a 75-gallon water heater installed in 2026. Natural gas service supports the property, while the exterior is brick with a flat design. The combination of established tenancy, separate living areas, and completed updates gives this Chicago property a straightforward multifamily layout.

Key Highlights

  • Legal 2‑unit brick building at 8047 S Justine Street, Chicago, IL 60620
  • Each level includes a 2‑bedroom, 1‑bath layout
  • Finished basement creates three separate living spaces in total

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Skin Care Clinic Gym & Fitness Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

978
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Leased residential income property with updated interiors and natural gas service.
Where is this duplex located?
The property is located at 8047 S Justine Street Chicago, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Legal 2‑unit brick building at 8047 S Justine Street, Chicago, IL 60620; Each level includes a 2‑bedroom, 1‑bath layout; Finished basement creates three separate living spaces in total
More about this property
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