706 E 72nd St
Available706 E 72nd St, Chicago, IL 60619
5 bd · 1.5 ba · 1,718 sqft
Overview
A turnkey single-family home in Chicago's Grand Crossing neighborhood, fully tenant-occupied under a CHA Section 8 lease with zero tenant rent responsibility. The property has been recently renovated with a new kitchen, water heater, and appliances, and just passed CHA inspection — rent-ready from day one.
Investment summary
$221,000
Asking price
$29,100
Gross annual rent
$20,520/yr
NOI
9.3%
Cap rate
$2,425/mo · full CHA/Section 8 subsidy (0% tenant responsibility) · 1-year lease beginning July 2026
Expenses
Condition & recent upgrades
- ·Brand new water heater and appliances
- ·New kitchen
- ·New fence
- ·Recent foundation repairs
- ·Recently passed CHA Section 8 inspection
Management
Every Namaa property is fully managed end to end: tenant screening and placement, rent collection, maintenance coordination, and monthly owner reporting. Investors receive a standardized statement each month and a full annual reconciliation — no surprises, no self-management required.
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