4530 S Paulina St Chicago, IL 60609
McKinley Park NeighborhoodEstimated payment $2,160/month
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,061
Year Built
- Built in 1898
Lot Details
- 0.71 Acre Lot
- Lot Dimensions are 25x124
Home Design
- Block Foundation
- Composition Roof
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3,040 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $2,400
- Insurance Expense $1,900
- Water Sewer Expense $3,600
- Gross Income $48,000
- Net Operating Income $39,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/31/2025 07/31/25 | For Sale | $389,000 | -- | $128 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12434946

APN: 20064150360000
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