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1649 N Paulina Street

Chicago, IL 60622
  • $1,250,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • MLS #: 11280403
Under Contract
UPDATED: 210 min ago
$1,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Nearly 7% CAP in this updated 6 unit investment building in DREAM LOCATION in Bucktown/Wicker Park. Well maintained with new roof in 2019, central AC and gas forced heat, washer and dryers in all units! 4 units are 1 bedrooms, the penthouse units are 2 bedroom, 2 bath duplex-ups with an ensuite bath. 5 out of 6 units are currently rented, 4 out of 5 leases end July 2022, 1 lease ends June 2022 - PRIME TIME for finding tenants if they choose not to renew. A+++ LOCATION: a commuter's paradise for tenants near Blue line, multiple bus lines, Metra and expressway, plus all the dining, shopping and nightlife of Bucktown/Wicker Park. Solid investment, with potential for future updating to increase rents.

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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 @properties. Based on information submitted to the MRED as of 2022-01-19T23:57:53.813 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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1649 N Paulina Street Chicago, IL 60622

  • Price: $1,250,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 210 min ago
  • MLS #: 11280403
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Nearly 7% CAP in this updated 6 unit investment building in DREAM LOCATION in Bucktown/Wicker Park. Well maintained with new roof in 2019, central AC and gas forced heat, washer and dryers in all units! 4 units are 1 bedrooms, the penthouse units are 2 bedroom, 2 bath duplex-ups with an ensuite bath. 5 out of 6 units are currently rented, 4 out of 5 leases end July 2022, 1 lease ends June 2022 - PRIME TIME for finding tenants if they choose not to renew. A+++ LOCATION: a commuter's paradise for tenants near Blue line, multiple bus lines, Metra and expressway, plus all the dining, shopping and nightlife of Bucktown/Wicker Park. Solid investment, with potential for future updating to increase rents.
Exterior Features

Exterior Building Type Brick Parking Total 2

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Gross Income 113700 Gross Scheduled Income 113700 Insurance Expense 4000 Maintenance Expense 0 Net Operating Income 87352 Operating Expense 26348 Tax Annual Amount 18558.8 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 9475 Township North Chicago Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties.


© 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 @properties. Based on information submitted to the MRED as of 2022-01-19T23:57:53.813 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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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611