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$ 2,500,000
Est. payment /mo
Active Under Contract
6355 N Paulina ST Chicago, IL 60660
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12640869
Maintenance Fees $3,300
Year Built 1919
Annual Tax Amount $25,598
Tax Year 2024
Lot Dimensions 60x125
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chi - Edgewater
Interior
Cooling Central Individual
Fireplace N
Exterior
Roof Type Reflective Coating,Rubber
Building
Dwelling Type Multi Family 5+
Structure Type Brick
Others
HOA Fee Include None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lukasz Wojcik of Triton Realty Group LLC
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