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Listed price in listed location currency (USD).
$2,430,000
$2,500,000

000

MLS® 12640869

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $25,598
Lot Size 7500 SF
Approx. Age 1919
MLS® Number 12640869

Property Address: 6355 N Paulina St, Chicago, IL, 60660-1642

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12640869
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1919
Basement
Driveway
Garage Spaces
Heat
A/CCentral Individual

Extras

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