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Additional details
$609,995
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12630187
Maintenance Fees $1,800
Year Built 1926
Annual Tax Amount $5,908
Tax Year 2023
Lot Dimensions .172
Property Sub-Type Multi Family 5+
Property 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.
Location
State IL
County Cook
Area Chi - Auburn Gresham
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Denzel Blocker of eXp Realty
Nearby School & Business
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