6100 N Paulina Street
Chicago, IL, 60660 $ 7,400,000
Bedrooms3 Baths0.0 Monthly Estimate*
$ 51,691
for $7,400,000 with 3 bedrooms. This home was built in 1924.
Built in 1924, rare, turnkey 23 unit apartment building in Edgewater just north outside Andersonville. Fully leased and condo conversion quality with reconstruction including brand new water main, all new gas and water piping and systems, complete window replacement, new overlay rubber roof with skylights over stairwells. Four separate entrances. Located on the corner of Paulina and Glenlake. Each entry with call box intercom system to a tenant's cell phone. All Chicago red brick with two car, all brick garage, large decks up to code and beautiful, secured courtyard with four sets of tables/chairs, bike racks, plantings, mulched areas. Window and lentil replacement. All new interior lighting. 7' entry doors. 800 amp electrical service. Top of the line, and absolutely stunning mechanicals in basements with plenty of room for future tenant and common building storage capabilities. Three basements in total with high ceilings to stand up in. All copper plumbing lines. All separate gas meters. Each unit has central heat, central air, in unit washer and dryer. All new kitchens, bathrooms, flooring, appliances, lighting, dedicated gas/electric meters, radiant heating for basement/vestibules, structural joists replaced, etc. THIS IS A TRUE GUT REHAB. No expense spared. Each tier, or set of sis has its own central cable box. Each unit is already wired for cable and cable ready. 100% fire code rated. All Glenlake entrances have skylights at the top of the refurbished stairwells. Original, printed wainscoting. Lobbies with fresh carpeting and stamped tile floors, classic contemporary wood augmentations. All legitimate leases, 12 month minimum term. All tenants credentialed including full credit report, income, landlord, employment verification, background checks. This building runs itself. A must see. Very low maintenance and sit back and collect rent. A prized piece for a portfolio or star piece for a first timer. Legally zoned for 24 units. Assumable mortgage balance of $3.627M @ an interest rate of 3.09% with 4 years left on the loan as of RIGHT NOW
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FeaturesGeneralZoning MULTI
Year Built 1924
Tenant Pays Air Conditioning Electricity Heat Other
Stories 2
Tax Year 2021
Gross Income 467256
County Cook
Net Operating Income 443171
Operating Expense 24085
Insurance Expense 11814
Property Type Commercial Sale Multi Family 5+
Status Active
Directions NORTH LAKESHORE DRIVE TO SHERIDAN WEST TO PAULINA NORTH TO 6100. CORNER OF GLENLAKE & PAULINA
City Chicago
Total Units 23
MLS Area CHI - Edgewater
Street Name Paulina
Tax Annual Amount 30598
Electric Expense 1516
Fuel Expense 10852
Trash Expense 9490
Water Sewer Expense 5453
Additional Parcels Y/N N
Virtual Tour https://tours.vht.com/BWI/T434323552/nobranding
Days on Market 290
Standard Status Active
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* Excluded FeaturesList Bynicholas.colagiovanni@bairdwarner.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $51,691
- Monthly Property Taxes
- $2,550
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $643,340
Percent of Sale Price 91%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/12/2023 | $7,400,000 | | Listed Price |