Address
6100 N Paulina Street, Chicago, IL
Price
$ 7,400,000
Property Attributes
  • MLS#11806043
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Edgewater
  • Zip60660
  • Style
  • Year Built1924
  • Taxes$ 30598
  • Price$ 7,400,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Built in 1924, rare, turnkey 23 unit apartment building in Edgewater just north outside Andersonville. Fully leased and condo conversion quality with reconstruction including brand new water main, all new gas and water piping and systems, complete window replacement, new overlay rubber roof with skylights over stairwells. Four separate entrances. Located on the corner of Paulina and Glenlake. Each entry with call box intercom system to a tenant's cell phone. All Chicago red brick with two car, all brick garage, large decks up to code and beautiful, secured courtyard with four sets of tables/chairs, bike racks, plantings, mulched areas. Window and lentil replacement. All new interior lighting. 7' entry doors. 800 amp electrical service. Top of the line, and absolutely stunning mechanicals in basements with plenty of room for future tenant and common building storage capabilities. Three basements in total with high ceilings to stand up in. All copper plumbing lines. All separate gas meters. Each unit has central heat, central air, in unit washer and dryer. All new kitchens, bathrooms, flooring, appliances, lighting, dedicated gas/electric meters, radiant heating for basement/vestibules, structural joists replaced, etc. THIS IS A TRUE GUT REHAB. No expense spared. Each tier, or set of sis has its own central cable box. Each unit is already wired for cable and cable ready. 100% fire code rated. All Glenlake entrances have skylights at the top of the refurbished stairwells. Original, printed wainscoting. Lobbies with fresh carpeting and stamped tile floors, classic contemporary wood augmentations. All legitimate leases, 12 month minimum term. All tenants credentialed including full credit report, income, landlord, employment verification, background checks. This building runs itself. A must see. Very low maintenance and sit back and collect rent. A prized piece for a portfolio or star piece for a first timer. Legally zoned for 24 units. Assumable mortgage balance of $3.627M @ an interest rate of 3.09% with 4 years left on the loan as of RIGHT NOW

Price History
6/12/2023 Listed $7,400,000

General Features

Zoning MULTI
Year Built 1924
Tenant Pays Air Conditioning,Electricity,Heat,Other
Stories 2
Tax Year 2021
Gross Income 467256
County Cook
Net Operating Income 443171
Operating Expense 24085
Insurance Expense 11814
Property Type Commercial Sale
MaintenanceExpense 7592
Status Active
Directions NORTH LAKESHORE DRIVE TO SHERIDAN,WEST TO PAULINA,NORTH TO 6100. CORNER OF GLENLAKE & PAULINA
City Chicago
NumberOfUnitsTotal 23
MLS Area CHI - Edgewater
Street Name Paulina
Tax Annual Amount 30598
Electric Expense 1516
Fuel Expense 10852
Trash Expense 9490
Water Sewer Expense 5453
Additional Parcels Y/N No
Virtual Tour https://tours.vht.com/BWI/T434323552/nobranding
Days on Market 348
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Street

Exterior Features

Lot Dimensions 168X61

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60660

Price
AVG $2.7M
$7.4M
Taxes
AVG $21,973
$30,598
Visits
AVG 431
1734
Data Provided by Inside Real Estate®
Year Built
AVG 1928
1924
Walkscore
AVG 90
88
Data Provided by Walkscore® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.