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    7601 S Paulina Street

    Chicago, IL 60620
    • $399,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 11036970
    $399,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,688
      SQFT
    • $52
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Due to Covid Restrictions and to Protect the Health of our Long-Term Tenants, all showings will be hosted on 4/5/2021. We only have a one hour showing window 12-1PM and may not see all the units. If you cannot attend, you can RSVP your clients and we will host their visit. Email RSVPS and all inquiries. Excellent $81K Gross Income Generating Investment opportunity in Chicago's South Side; Auburn Gresham Neighborhood, with Opportunity to Increase Cap Rate! Current Rent Roll Ranges from $850 to $1,075 for the Two-Bedrooms and $700 to $750 for the One-Bedrooms. This Unique Opportunity Requires your Immediate Visit. Due to Covid Restrictions and to Protect the Health of our Long-Term Tenants, all showings will be hosted during our two-day Window, See Agent Remarks. This Professionally Managed, Cash Flowing Eight-Unit Investment Property offers (4) one-bedroom and (4) two bedroom units occupied by both Market and CHA Tenants, some leases date back to 2014. All units are above ground and offer over 1,000 square feet of living space. This Corner Building offers a variety of floor-plans that include incredibly spacious living rooms with loads of light cascading from large windows, separate dining rooms along with well-maintained good sized, galley kitchens. See Floor Plans under Photos and Additional Information. The building sits on an incredibly quiet, tree lined street surrounded by single family residences. Pride of Ownership is evident around this block with Great Curb appeal and zero vacant lots. Please note, Extra Income can be Generated from Pay Washers/Dryers and/or higher rents. Zero tenants in default. Great Stable Asset. Seller is liquidating investment portfolio.

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    © 2021 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 2021-04-12T23:53:56.223 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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    7601 S Paulina Street Chicago, IL 60620

    • Price: $399,000
    • Status: Active
    • MLS #: 11036970
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,688
    SQFT
    $52
    $/SQFT
    1929
    Built
    Neighborhood:
    Chi - Auburn Gresham
    County:
    Cook
    Area:
    Chi - Auburn Gresham
    Property Description
    Due to Covid Restrictions and to Protect the Health of our Long-Term Tenants, all showings will be hosted on 4/5/2021. We only have a one hour showing window 12-1PM and may not see all the units. If you cannot attend, you can RSVP your clients and we will host their visit. Email RSVPS and all inquiries. Excellent $81K Gross Income Generating Investment opportunity in Chicago's South Side; Auburn Gresham Neighborhood, with Opportunity to Increase Cap Rate! Current Rent Roll Ranges from $850 to $1,075 for the Two-Bedrooms and $700 to $750 for the One-Bedrooms. This Unique Opportunity Requires your Immediate Visit. Due to Covid Restrictions and to Protect the Health of our Long-Term Tenants, all showings will be hosted during our two-day Window, See Agent Remarks. This Professionally Managed, Cash Flowing Eight-Unit Investment Property offers (4) one-bedroom and (4) two bedroom units occupied by both Market and CHA Tenants, some leases date back to 2014. All units are above ground and offer over 1,000 square feet of living space. This Corner Building offers a variety of floor-plans that include incredibly spacious living rooms with loads of light cascading from large windows, separate dining rooms along with well-maintained good sized, galley kitchens. See Floor Plans under Photos and Additional Information. The building sits on an incredibly quiet, tree lined street surrounded by single family residences. Pride of Ownership is evident around this block with Great Curb appeal and zero vacant lots. Please note, Extra Income can be Generated from Pay Washers/Dryers and/or higher rents. Zero tenants in default. Great Stable Asset. Seller is liquidating investment portfolio.
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City StreetAlley Access Land Amenities Curbs And GuttersLighting/ExteriorSidewalks Location Corner Miscellaneous Outside Enclosed Stairs Outdoor Parking None On Site Parking Total 0 Roof Rubber Roof Structure Flat

    Interior Features

    Basement Description Unfinished Cooling None Electric Separate Meters Fire Protection Fire Extinguisher/SHydrants On SiteCarbon Monoxide Detector(S) Fireplaces Total 0 Heat Ventilation Central Bldg HeatRadiatorsSteam Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 8 Number Of Refrigs 8 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 4 Number Of Units Apt Type2 4 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 0

    Property Features

    Additional Parcels YN No Association Fee Includes None Built Before1978 YN Yes Current Use Multi-Family Electric Expense 0 Exterior Building Type Brick Fuel Expense 0 Gross Income 81109 Gross Scheduled Income 81109 Insurance Expense 0 Janitor Expense 0 Known Encumbrances None Known Lot Size Dimensions 63X123 Maintenance Expense 0 Monthly Income Max1 1075 Monthly Income Max2 750 Operating Expense 0 Other Expense 0 Owners Assoc YN No Possible Use Multi-Family Tax Annual Amount 9070.96 Tax Year 2019 Tenant Pays ElectricityOther Total Monthly Income 6759 Trash Expense 0 Type Multi Family Corridor-Interior Entrance Unincorporated YN No Utilities Sanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Washer Dryer Leased YN No Water Sewer Expense 0 Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mpower Residential Brokerage Llc.


    © 2021 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 2021-04-12T23:53:56.223 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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