Address
8022 S Paulina Street, Chicago, IL
Price
$ 609,995
Property Attributes
- MLS#12630187
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Auburn Gresham
- NeighborhoodAuburn Gresham
- Zip60620
- Style
- Year Built1926
- Taxes$ 5908
- Price$ 609,995
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 4/28/2026 | Listed $609,995 |
General Features
| Year Built | 1926 |
|---|---|
| Stories Count | 3 |
| Tax Year | 2023 |
| Gross Income | 87420 |
| County | Cook |
| Net Operating Income | 69247 |
| Operating Expense | 18173 |
| Insurance Expense | 10972 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1800 |
| Status | Active |
| Directions | East on 80th st,South on Paulina to address |
| City | Chicago |
| Number Of Units Total | 6 |
| MLS Area | CHI - Auburn Gresham |
| Tax Annual Amount | 5908 |
| Electric Expense | 641 |
| Fuel Expense | 1800 |
| Trash Expense | 960 |
| Water Sewer Expense | 2000 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Lot Dimensions | .172 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60620
Price
Taxes
Year Built
Visits
