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1033 N Paulina Street

Chicago, IL 60622
  • $1,695,000
  • STATUS: Active Under Contract
  • ON SITE: 31 Days
  • MLS #: 11665508
Under Contract
UPDATED: 25 min ago
$1,695,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1883
County:

School Ratings & Info

Description

ASSUMABLE NON-RECOURSE LOAN AT 4.27% WITH A FIXED RATE EXPIRATION OF OCTOBER 2026. CURRENT LOAN BALANCE OF ~$1,245,000. THIS IS AN INCREDIBLE OPPORTUNITY TO PURCHASE A FULLY RENOVATED 6 UNIT PROPERTY IN THE HEART OF UKRAINIAN VILLAGE. THE PROPERTY WAS RENOVATED FROM TOP TO BOTTOM IN 2015 WITH NEW PLUMBING, ELECTRIC, HVAC, ROOF, WINDOWS, AND STEEL PORCHES. CONDO QUALITY KITCHENS AND BATHROOMS WITH IN-UNIT LAUNDRY IN ONE OF THE MOST SOUGHT AFTER LOCATIONS IN THE CITY. SHORT WALK TO THE DIVISION/ASHLAND "L" STOP, DIVISION STREET SHOPPING/DINING/ENTERTAINMENT DISTRICT. SOME ROOM TO INCREASE RENTS TO MARKET. GREAT INVESTMENT OPPORTUNITY AT BELOW MARKET INTEREST RATE

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-04T22:57:42.113 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1033 N Paulina Street Chicago, IL 60622

  • Price: $1,695,000
  • Status: Active Under Contract
  • On Site: 31 Days
  • Updated: 25 min ago
  • MLS #: 11665508
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1883
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
ASSUMABLE NON-RECOURSE LOAN AT 4.27% WITH A FIXED RATE EXPIRATION OF OCTOBER 2026. CURRENT LOAN BALANCE OF ~$1,245,000. THIS IS AN INCREDIBLE OPPORTUNITY TO PURCHASE A FULLY RENOVATED 6 UNIT PROPERTY IN THE HEART OF UKRAINIAN VILLAGE. THE PROPERTY WAS RENOVATED FROM TOP TO BOTTOM IN 2015 WITH NEW PLUMBING, ELECTRIC, HVAC, ROOF, WINDOWS, AND STEEL PORCHES. CONDO QUALITY KITCHENS AND BATHROOMS WITH IN-UNIT LAUNDRY IN ONE OF THE MOST SOUGHT AFTER LOCATIONS IN THE CITY. SHORT WALK TO THE DIVISION/ASHLAND "L" STOP, DIVISION STREET SHOPPING/DINING/ENTERTAINMENT DISTRICT. SOME ROOM TO INCREASE RENTS TO MARKET. GREAT INVESTMENT OPPORTUNITY AT BELOW MARKET INTEREST RATE
Exterior Features

Exterior Building Type Brick Outdoor Parking 1-5 Spaces Parking Total 2 Roof Structure Gable

Interior Features

Cooling Central Individual Heat Ventilation Forced AirSeparate Per Unit Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Electric Circuit Breakers Gross Income 139740 Gross Scheduled Income 139740 Insurance Expense 3250 Maintenance Expense 4102 Mls Actual Status Contingent Net Operating Income 105224 Operating Expense 34516 Ownership Types Limited Liability Corp Tax Annual Amount 9436 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatHot Water Total Monthly Income 11645 Township West Chicago Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Mo2 Brokerage Llc: 773-661-2772.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-04T22:57:42.113 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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