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Fully Renovated Apartment Building with In-Unit Laundry
For Sale
Contact for pricing
Pending

6355 N Paulina Street, Chicago, IL 60660

2023 renovation featuring in-unit laundry across four 2-bed and two 3-bed units, plus on-site parking.

Property SizeContact for details
Days on Market108

Property Features for 6355 N Paulina Street

General Information

Standard status Pending
Total Parking Spaces 8
Property subtype Multifamily

Additional Details

Cap Rate 5.79%
Multifamily Units 6

Building Details

Year Built 1919
Year Renovated 2023
Stories 3
Units 6
Tenancy Multi
Listing Agency: Fulton Grace Realty
Listed By: Luke Wojcik
Source: Crexi
Added: May 7 Changed: Aug 8 Last Checked: Jul 24 at 6:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fulton Grace Realty

Investment Insights

Based on property information with market context.

Fully renovated in 2023, this stabilized apartment building includes all-new plumbing, electric, and a new roof, with condo-quality, high-end finishes throughout. The property offers an attractive unit mix of four (4) 2-bedroom/2-bath apartments and two (2) 3-bedroom/2-bath apartments. Each unit features in-unit laundry and individual HVAC. On-site parking totals eight (8) spaces, including three (3) garages and five (5) surface spots.

Located at 6355 N Paulina Street in Chicago, the property is described as being near Loyola University and the Red Line. The offering also includes a value-add component: the potential addition of a 3-bedroom/2-bath ADU garden unit in the basement, supported by previously completed plans and approvals for permit. The remarks cite a current stabilized cap rate of 5.79 in its present condition, with a projected increase to 7.42 upon completion of the ADU.

Key Highlights

  • Fully renovated in 2023 with all new plumbing, electric, and roof
  • Unit mix: four 2‑bed/2‑bath and two 3‑bed/2‑bath units
  • Each apartment features in‑unit laundry and individual HVAC

Property Analytics

Current Use

6355 Paulina Apartments ... Apartment Building RecipeSavants - Recipes & Meals Marketing & Advertising

Suggested Use

Top Pick Law Firm HVAC Service Catering Service Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,023
Businesses Nearby

Demographics for 60660, IL

42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 2023 renovation featuring in-unit laundry across four 2-bed and two 3-bed units, plus on-site parking.
Where is this apartment building located?
The property is located at 6355 N Paulina Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully renovated in 2023 with all new plumbing, electric, and roof; Unit mix: four 2‑bed/2‑bath and two 3‑bed/2‑bath units; Each apartment features in‑unit laundry and individual HVAC
More about this property
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