Turnkey 6-Unit Multifamily
For Sale
$609,995
8022 S Paulina Street, Chicago, IL 60620
Six-unit apartment building with four occupied units, updated interiors, and capital improvements including a new roof and fencing.
Property SizeContact for details
Days on Market120
Property Features for 8022 S Paulina Street
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Commercial
Occupancy
67%
Additional Details
Fenced Yard
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$5,908
Building Details
Year Built
1926
Stories
3
Units
6
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Denzel Blocker · License #475168940
(888) 574-9405
Source:
Birdrealtysells
Added: Apr 26
Changed: Aug 23
Last Checked: Jul 24 at 1:45PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This turnkey 6-unit multifamily property is structured for immediate occupancy and ongoing income potential. Four units are currently occupied, and the tenants pay their own utilities, helping keep operating costs lean from day one. Two additional units are vacant and ready to lease.
The building has undergone major capital improvements, including a new roof, porch, and fence, along with updated unit interiors. There is an unfinished basement that presents an opportunity to add additional units. Additional property features include a 4-car garage and coin laundry installation potential.
Located at 8022 South Paulina Street in Chicago, Illinois (60620), this asset offers a disciplined, ready-to-operate profile with meaningful updates already completed.
The building has undergone major capital improvements, including a new roof, porch, and fence, along with updated unit interiors. There is an unfinished basement that presents an opportunity to add additional units. Additional property features include a 4-car garage and coin laundry installation potential.
Located at 8022 South Paulina Street in Chicago, Illinois (60620), this asset offers a disciplined, ready-to-operate profile with meaningful updates already completed.
Key Highlights
- 6‑unit multifamily building (Year built: 1926) with 4 currently occupied units
- Updated unit interiors plus major capital improvements including a new roof, porch, and fencing
- Two vacant units are ready to lease for additional rental income
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
66.7%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building with four occupied units, updated interiors, and capital improvements including a new roof and fencing.
Where is this apartment building located?
The property is located at 8022 S Paulina Street Chicago, IL.
What is the asking price?
The asking price for this property is $609,995.
What are key features of this property?
This property features: 6‑unit multifamily building (Year built: 1926) with 4 currently occupied units; Updated unit interiors plus major capital improvements including a new roof, porch, and fencing; Two vacant units are ready to lease for additional rental income
