BEDS0
BATHS
MLS#12640869
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Fully renovated in 2023, this is a stabilized investment with all new plumbing, electric, roof, high end condo-quality finishes, and an attractive mix of four (4) 2-bed / 2-bath and (2) 3-bed / 2-bath units. Each apartment features in-unit laundry, individual HVAC, and condo quality interiors designed to capture strong tenant demand and support continued rent growth. In addition to its stable in-place income, the property offers a compelling value-add component through the potential addition of a 3-bedroom, 2-bath ADU garden unit in the basement, supported by previously completed plans and approvals for permit. The offering highlights the strength of this dual-faceted investment: a secure 5.79 cap rate in its current condition, with a projected leap to a 7.42 cap rate upon completion of the ADU. Combined with eight (8) on-site parking spaces-three (3) garages and five (5) surface spots-this property offers a rare blend of immediate stability and executable appreciation. Strategically located near Loyola University and the Red Line, the asset is perfectly positioned to capture top-of-market rents in a high-growth North Side corridor.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Individual
Lot Size: 0.17 Acres
Roof Type: Reflective Coating, Rubber
Stories: 3.0
Taxes: $25,598
Year Built: 1919
Feature Descriptions
Current Use: Multi-Family
Electric: Circuit Breakers, Separate Meters
Exterior: Brick
HVAC: Central Heat/Indiv Controls, Forced Air
Lot Dimensions: 60x125
Miscellaneous Indoor: Storage Inside
Parcel#: 14062040090000
Parking: 1-5 Spaces
Units: 6
Listed By / Shown By
Listed By
Agency Name: Triton Realty Group LLC
Agency Phone: 312-788-9379
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 8,426.25 per month $5,563.92 Principal & Interest $2,133.17 Property Tax $729.17 Homeowner's InsuranceChange Payment Information
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6355 N Paulina Street | MLS# 12640869
This multi-family property located at 6355 N Paulina Street, Chicago, IL 60660 is currently listed for sale with an asking price of $2,500,000. Search Chicago real estate on www.bhhscrosby.com today.