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Brick Four-Unit Building

8314 S Paulina St, Chicago, IL 60620

For Sale
$600,000
Pending

All four units are occupied under month-to-month leases, offering a fully leased residential income property.

Property SizeContact for details
Days on Market50

Property Features for 8314 S Paulina St

General Information

Standard status Pending
Total Parking Spaces 4
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood Auburn Gresham

Units

Unit Mix 2 x 3BR, 2 x 2BR
Multifamily Units 4

Amenities

clubhouse
in-building laundry
storage area

Building Details

Year Built 1926
Year Renovated 2024
Construction brick
Tenancy Multi
Listing Agency: Wirtz Real Estate Group Inc
Listed By: Jamie Decker · License #475182031
Source: Dealwithdecker
Added: Sep 19 Changed: Nov 6 Last Checked: Nov 6 at 9:07AM

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 Wirtz Real Estate Group Inc

Rey
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Investment Insights

Based on property information with market context.

This brick quadplex at 8314 S Paulina St includes two three-bedroom apartments and two two-bedroom apartments. All four units are occupied on month-to-month leases. The property was built in 1926, rehabbed in 2024, and received additional improvements in 2026.

A finished basement clubhouse adds an additional bedroom, full bathroom, laundry facilities, and storage space within the building. Four exterior parking spaces are included. The property is located in Auburn Gresham in Chicago, with a residential configuration suited to an income-property portfolio.

Key Highlights

  • Four‑unit brick property with two three‑bedroom and two two‑bedroom apartments
  • All four units occupied on month‑to‑month leases
  • Rehabbed in 2024 with improvements made in 2026

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,029
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Quadplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - All four units are occupied under month-to-month leases, offering a fully leased residential income property.
Where is this quadplex located?
The property is located at 8314 S Paulina St Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four‑unit brick property with two three‑bedroom and two two‑bedroom apartments; All four units occupied on month‑to‑month leases; Rehabbed in 2024 with improvements made in 2026
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