REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Lauren Traficantoof @properties Christie's International Real Estate
-
Est. payment /mo
Price Dropped by $50K
873 N Paulina ST Chicago, IL 60622
10 Beds
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
Subdivision East Village
MLS Listing ID 12720663
Bedrooms 10
Annual Tax Amount $20,553
Tax Year 2024
Lot Size 3,049 Sqft
Lot Dimensions 25X130
Property Sub-Type Two to Four Units
Property Description
Exceptional opportunity to own a fully renovated four-unit brick building (2 units in main building and 2 units in Coach House) in one of Chicago's most sought-after neighborhoods. This well-maintained investment property offers a strong, stable rental portfolio with thoughtfully updated units featuring modern kitchens, renovated bathrooms, hardwood floors, and forced-air heating with central air conditioning throughout. Significant capital improvements provide peace of mind for years to come, including a fully rebuilt coach house, replacement of all furnaces and air conditioning systems, updated electrical, plumbing, and mechanical systems, a new lead water service line (2025), coach house roof replacement, two new water heaters, new shared washer and dryer, and numerous appliance upgrades throughout the property. Additional improvements include a fully renovated Unit 1F, a renovated coach house, a recently updated bathroom in Unit 2F, and the addition of a half bath in Unit 2R. The building is fully leased with long-term tenants in place, generating immediate income. Whether you're expanding your investment portfolio or completing a 1031 exchange, this turnkey property offers an exceptional combination of historic character, extensive recent improvements, and reliable cash flow in a prime Chicago location.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished, Partial
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Roof Type Asphalt
Building
Foundation Block
Sewer Public Sewer, Storm Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.