4530 S Paulina Street
Chicago, IL 60609

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Description

Great investment opportunity in a rapidly growing area! This well-maintained 6-unit building offers significant upside potential with all units rented below market rate. Tenants are month-to-month, and each pays their own utilities, reducing overhead costs. The owner has kept up with maintenance, including a new roof installed in 2018. With a little work, this property can be transformed for higher rents, making it perfect for investors or homebuyers looking to capitalize on a thriving neighborhood. The 60609 area is on the rise, offering strong potential for long-term appreciation. Don't miss out on this chance to secure a property with tons of potential!

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60609
• Year Built: 1898
• Sq.Ft.: 3,040 sq ft
• Stories: 2
• Units: 6 units
• Basement: Unfinished, Exterior Entry
• Lot Size: 0.71 acres
• Zoning: MULTI
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: Older
• Building Area Total: 3040
• Built Before 1978 (Y/N): Yes
• Construction Materials: Concrete, Block, Wood, Vinyl Siding, Frame
• Directions: South on Wood to property
• Electric: Circuit Breakers
• Electric Expense: 2400
• Foundation Details: Block, Concrete Perimeter
• Gross Income: 48000
• Gross Rent Multiplier: 8.31
• Gross Scheduled Income: 48000
• Heat/Ventilation: Wall Unit
• Information: 24-Hr Notice Required
• Insurance Expense: 1900
• Land Amenities: Lighting/Exterior, Sidewalks
• Lot Size Square Feet: 3075
• Main Type: Commercial Sale
• Misc Outside: Fire Escape
• Ownership Type: Individual
• Roof: Composition
• Roof Structure: Gable, Wood Joists
• Tax Annual Amount: 1060.72
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Monthly Income: 4000
• Township: South Chicago
• Type Multi-Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
• Water Sewer Expense: 3600