6355 N Paulina Street
Fully renovated in 2023, this is a stabilized investment with all new plumbing, electric, roof, high end condo-quality finishes, and an attractive mix of four (4) 2-bed / 2-bath and (2) 3-bed / 2-bath units. Each apartment features in-unit laundry, individual HVAC, and condo quality interiors designed to capture strong tenant demand and support continued rent growth. In addition to its stable in-place income, the property offers a compelling value-add component through 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 offering highlights the strength of this dual-faceted investment: a secure 5.79 cap rate in its current condition, with a projected leap to a 7.42 cap rate upon completion of the ADU. Combined with eight (8) on-site parking spaces-three (3) garages and five (5) surface spots-this property offers a rare blend of immediate stability and executable appreciation. Strategically located near Loyola University and the Red Line, the asset is perfectly positioned to capture top-of-market rents in a high-growth North Side corridor.
- Sauce And Bread Kitchen 350 ft
- Gracie O'Malleys 350 ft
- Whiskey Girl Tavern 350 ft
- Dino's Bar 450 ft
- Taqueria El Chorrito 450 ft
- Randall's Pub 450 ft
- Shell 250 ft
- Marathon 500 ft
- La Unica Food Mart 950 ft
- Citgo 0.2 mi
- Jacks Mini Mart 0.2 mi
- SKM Convenience 0.2 mi
- Emmerson Park 0.3 mi
- Langdon Park 0.4 mi
- McGee Park 0.4 mi
- D'Elia Park 0.4 mi
- Lazarus Park 0.7 mi
- Warren Park 0.8 mi
- Dunkin' 650 ft
- Sebastian’s Coffee and Bakery 0.5 mi
- Rivers & Roads 0.5 mi
- TBaar - Chicago 0.5 mi
- Starbucks 0.6 mi
- Dunkin' 0.6 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12640869