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32014801
32014802

8022 S Paulina Street, Chicago, IL 60620 For Sale

eXp Realty, LLC
Listed by eXp Realty, LLC
$609,995
87 days on market
Updated 80 days ago
Opportunity zone

8022 S Paulina Street

Details
APN 20312130240000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 6
NOI $69,247
Year Built 1926
Stories 3
Acreage 0.172

Multifamily | 6 Units

Marketing 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.
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Listing Contacts

eXp Realty, LLC
Listed by eXp Realty, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$69,247.00
$5,770.58/mo

Valuation Metrics

0
DSCR
11.35%
Cap Rate
11.35%
ROI

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