7840 Cronin Ave Justice, IL 60458
Estimated payment $3,324/month
Highlights
- 2 Car Detached Garage
- Frank A Brodnicki Elementary School Rated 9+
- Forced Air Heating System
About This Home
Fully Leased, Cash-Flowing 2-Flat in Justice, IL Well-maintained and fully leased 2-flat in Justice, IL, offering immediate cash flow and long-term investment potential. This income-producing multi-unit property features a total of 9 rooms across two spacious units, making it attractive to a wide tenant pool and ideal for steady rental demand. The first-floor unit offers a 1 bedroom, 1 bathroom layout with generously sized living spaces. The second-floor unit features three large rooms and 1 bathroom, with ample space for a combined kitchen/dining area and living room. The kitchen has been recently renovated, enhancing tenant appeal and reducing near-term capital expenses. Both units feature hardwood flooring throughout the main living areas, with newer carpeting in the bedrooms. Additional highlights include a massive backyard, a two-car detached garage, driveway parking, and ample free street parking-key amenities that support tenant retention and rental stability. Conveniently located near Archer Road with easy access to I-55, this property benefits from strong commuter access and consistent rental demand. Solid opportunity for investors seeking a stabilized asset with immediate income and upside potential. *AS-IS Condition*
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,509
Year Built
- Built in 1971 | Remodeled in 2023
Parking
- 2 Car Detached Garage
- Parking Available
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Schools
- Argo Community High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 75 x 130
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,509 | $37,200 | $5,606 | $31,594 |
| 2024 | $11,509 | $37,200 | $5,606 | $31,594 |
| 2023 | $13,344 | $37,200 | $5,606 | $31,594 |
| 2022 | $13,344 | $37,110 | $4,875 | $32,235 |
| 2021 | $12,694 | $37,110 | $4,875 | $32,235 |
| 2020 | $12,259 | $37,110 | $4,875 | $32,235 |
| 2019 | $8,519 | $23,521 | $4,387 | $19,134 |
| 2018 | $8,607 | $24,871 | $4,387 | $20,484 |
| 2017 | $8,532 | $24,871 | $4,387 | $20,484 |
| 2016 | $6,852 | $20,500 | $3,900 | $16,600 |
| 2015 | $6,703 | $20,500 | $3,900 | $16,600 |
| 2014 | $6,986 | $21,795 | $3,900 | $17,895 |
| 2013 | $8,020 | $27,206 | $3,900 | $23,306 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/11/2026 02/11/26 | For Sale | $459,000 | 0.0% | -- | |
| 02/03/2026 02/03/26 | Pending | -- | -- | -- | |
| 01/26/2026 01/26/26 | For Sale | $459,000 | +9.3% | -- | |
| 11/08/2024 11/08/24 | Sold | $420,000 | -6.6% | -- | View Prior Sale |
| 10/04/2024 10/04/24 | Pending | -- | -- | -- | |
| 09/18/2024 09/18/24 | Price Changed | $449,900 | -2.0% | -- | |
| 08/23/2024 08/23/24 | For Sale | $459,000 | +123.9% | -- | |
| 05/29/2014 05/29/14 | Sold | $205,000 | -14.5% | -- | View Prior Sale |
| 04/02/2014 04/02/14 | Pending | -- | -- | -- | |
| 12/02/2013 12/02/13 | For Sale | $239,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12554882
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 7817 Garden Ln
- 7832 Garden Ln
- 7850 Garden Ln
- 7716 Cronin Ave
- 8836 Amelia Ct Unit 1B
- 7605 Banks St
- 773 Maple Ln
- 788 Maple Ln
- 8751 W 79th St Unit 1
- 7644 Cork Ave
- 8126 Concord Ln Unit D
- 7682 S 88th Ct Unit 18P18
- 8845 W 75th St
- 7433 S 88th Ave
- 7306 Blackstone Ave Unit 2
- 8453 W 79th St
- 8000 Archer Ave Unit 117
- 7330 S 86th Ave
- 8938 W 85th Place
- 7128 S Cork Ave
- 7840 Cronin Ave Unit 2
- 7804 Banks St Unit 2 - South
- 8800 W 76th Place Unit 1W
- 8232 Concord Ln Unit 6B720
- 8301 S 88th Ave
- 200 Willow Ln Unit 115
- 8712 S 87th Terrace
- 7203 S 86th Ave Unit 1SOUTH
- 8143 Marion Dr Unit 3E
- 7541 S Roberts Rd Unit 4
- 8435 S 81st Ave Unit 1
- 125 Rachel Ave Unit 505A
- 9052 W 92nd St
- 7300 S 78th Ave Unit 5
- 9438 Commons Dr
- 8440 W 95th St Unit 6
- 8440 W 95th St Unit 12
- 9323 S 80th Ct
- 8252 W 95th St Unit 2
- 8900 Archer Ave Unit 8912
Ask me questions while you tour the home.