8022 S Paulina Street,Chicago, IL 60620
Chicago, IL 60620
Description
Turnkey 6-unit multifamily property delivering immediate cash flow with significant upside potential. Four units are currently occupied with tenants paying their own utilities, keeping operating costs lean from day one. Major capital improvements have already been addressed including a new roof, porch, fence, and updated unit interiors - removing the heavy lifting for the next owner. Two vacant units are ready to lease for instant income upside, and the unfinished basement presents an opportunity to add additional units. A 4-car garage and coin laundry installation potential offer even more ways to maximize NOI. Major CapEx done, a stabilized tenant base in place, and multiple levers to force appreciation - 8022 S Paulina is a disciplined investor's dream. Properties with this profile don't last.
Details
| MLS # | 12630187 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 133 |
| Listing Provided By | eXp Realty | Denzel Blocker |
Features
| Story(s) | 3 |
|---|---|
| Units | 6 |
| Acreage | 0.17 |
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 5908 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60620 |
| Area | CHI Auburn Gresham |
| Listing VS Median (in 60620) | |
Price: $609,995 low | high Med: $227,000 On site: 133 low | high Med: 23.5 | |
Market Activity 60620
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60620 |
| Area | CHI Auburn Gresham |
| Listing VS Median (in 60620) | |
Price: $609,995 low | high Med: $227,000 On site: 133 low | high Med: 23.5 | |
