873 North Paulina Street

Chicago, IL 60622

$1,150,000
Last Sold Price
10
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

NEWLY REHABBED WICKER PARK 4-UNIT BUILDING WITH COACH HOUSE. $95K ANNUAL GROSS RENTAL INCOME. FRONT BUILDING HAS 2 3BR/2BA DUPLEXES, GREAT OWNERS UNIT AND CURRENTLY FULLY OCCUPIED. COACH HOUSE HAS A 2BR+DEN/1BA APT & A 1BR+DEN APT. RECENTLY REMODELED WITH MODERN KITCHENS, BATHS, HW FLOORS & FORCED AIR HEAT/AC. GREAT INCOME WITH ROOM FOR INCREASES. CLOSE TO BLUE LINE, EXPRESSWAY & DIVISION ST. RECENT UPDATES INCLUDE: ROOFS, GUTTERS, TUCK-POINTING, THERMOSTATS, BACK STAIRCASE, BUILT OUT LAUNDRY ROOM/STORAGE...NEWLY REHABBED WICKER PARK 4-UNIT BUILDING WITH COACH HOUSE. $95K ANNUAL GROSS RENTAL INCOME. FRONT BUILDING HAS 2 3BR/2BA DUPLEXES, GREAT OWNERS UNIT AND CURRENTLY FULLY OCCUPIED. COACH HOUSE HAS A 2BR+DEN/1BA APT & A 1BR+DEN APT. RECENTLY REMODELED WITH MODERN KITCHENS, BATHS, HW FLOORS & FORCED AIR HEAT/AC. GREAT INCOME WITH ROOM FOR INCREASES. CLOSE TO BLUE LINE, EXPRESSWAY & DIVISION ST. RECENT UPDATES INCLUDE: ROOFS, GUTTERS, TUCK-POINTING, THERMOSTATS, BACK STAIRCASE, BUILT OUT LAUNDRY ROOM/STORAGE AND BASEMENT, NEW CARPET ON STAIRS IN 2F AND NEW W/D, FENCE. THIS BUILDING DRIVES IN GREAT INCOME AS IS BUT WITH SMALL COSMETIC UPDATES TO COACH HOUSE IT COULD BECOME MASSIVE RENTAL INCOME AND DRIVE UP SALES PRICE SIGNIFICANTLY.

Listing Agents

  1. Tim Sheahan

    Tim Sheahan

    Listing Agent

    Compass

  2. Tom Jakacki

    Tom Jakacki

    Alternative Listing Agent

    Compass

Property Details for 873 North Paulina Street

Area
CHI - West Town
Subdivision
East Village
Township
West Chicago
Ownership
Fee Simple
Num Of Cars
0.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

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LISTING UPDATED: 10/13/2021 12:30 PM

Property Details for 873 North Paulina Street

StatusClosed
MLS #11122533
Days on Market109
Taxes$13,062 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built-
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

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Building Information for 873 North Paulina Street

Stories-Residences4Year Built-Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$7,365 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,089

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 873 North Paulina Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 19
  • Bedrooms (Below Grade): 0
  • Basement Type: Partial
  • Bedrooms Possible: 10
  • Basement Description: Finished
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public, Sewer-Storm
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2014
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25X130
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Block
  • General Information: None
  • North Coordinate: 873
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1700
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $94,740.00
  • Insurance Expense: $513.00
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry
  • Water Expense Source: Actual
  • Net Operating Income: $76,678.00
  • Water Sewer Expense: $55.00
Unit 1
  • Unit Type Actual Rent: $2,195.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 5/21
Unit 2
  • Unit Type Actual Rent: $2,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 5/22
Unit 3
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 5/21
Unit 4
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 6/21

Property History for 873 North Paulina Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 873 North Paulina Street

Taxable ValueLand$22,750Additions$82,572Total$105,322
Tax Record2021$21,179 ($1,765 / month)
Home Facts
Baths1Total Finished SqFt861 SqFtAbove Grade Finished SqFt861 SqFtStories1Lot Size3,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1890CountyCOOKAPN17-06-431-006

Schools near 873 North Paulina Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Talcott Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Golder College Prep
Charter9 to 12

Rauner College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.