5409 S Paulina Street
Chicago, IL, 60609 $ 399,900
Bedrooms4 Baths2.0 Sq 1,949 Monthly Estimate*
$ 2,762
for $399,900 with 4 bedrooms and 2 full baths. This 1,949 square foot home was built in 1898 on a lot size of 0.07.
**LIVE IN ONE, RENT THE OTHER - AN EXCEPTIONAL 2-UNIT INVESTMENT OPPORTUNITY! Why settle for an ordinary property when you can own a beautifully transformed, income-producing investment with the major work already done? Welcome to an extensively GUT-REHABBED BRICK 2-UNIT property offering the perfect combination of modern finishes, substantial infrastructure improvements, & long-term investment potential! Completely transformed through an extensive renovation from 2023-2026, this property was remodeled with CITY OF CHICAGO-APPROVED ARCHITECTURAL PLANS & PERMITS! Per seller, All required inspections have been successfully passed, including ELECTRICAL, PLUMBING, HVAC, & NEW CONSTRUCTION, with work completed in accordance with applicable Chicago Construction Codes. BOTH UNITS showcase BRAND-NEW KITCHENS featuring beautiful white cabinetry, elegant QUARTZ COUNTERTOPS, & BRAND-NEW STAINLESS STEEL APPLIANCES (2026), complemented by stylish gray vinyl flooring, renovated bathrooms with ceramic tile finishes, modern lighting, & new interior doors. The TRUE VALUE goes far beyond the finishes! Major improvements include a NEW ROOF (2023), NEW WINDOWS (2024), COMPLETELY NEW ELECTRICAL WIRING & PLUMBING THROUGHOUT (2026), NEW UNDERGROUND PLUMBING & DRAIN TILES (2024), NEW SOFFITS, FASCIA & GUTTERS (2024), and TWO CENTRAL AIR CONDITIONING CONDENSERS (2025)! Each unit features its OWN ELECTRICAL PANEL, along with TWO SEPARATE GAS METERS and a dedicated electrical panel for common areas. Step outside to enjoy the FRESHLY PAINTED FRONT PORCH and TWO FRESHLY PAINTED REAR PORCHES, one for each unit! And THERE'S MORE! The property offers a SPACIOUS, FULL UNFINISHED BASEMENT, providing an exciting blank canvas for the next owner's vision! Whether you envision additional storage, a workshop, hobby space, or future improvements tailored to your needs, the basement offers flexibility and potential for further customization, subject to applicable permits and approvals. For investors, this means acquiring a property with extensive capital improvements already completed & the opportunity to focus on rental income rather than taking on a major renovation from day one. For owner-occupants, imagine enjoying a beautifully renovated home while rental income from the second unit helps towards YOUR MONTHLY MORTGAGE! LOCATION ADDS EVEN MORE VALUE! Conveniently located near neighborhood schools, Cornell Square Park, Sherman Park, grocery stores, shopping, local restaurants, and everyday essentials, with access to CTA transportation and major expressways including I-90/94, connecting you to downtown Chicago and surrounding suburbs. Whether you're growing your investment portfolio or beginning your homeownership journey, this property offers an outstanding opportunity to build equity and invest in your future! THE MAJOR WORK HAS BEEN DONE - NOW IT'S YOUR TURN TO ENJOY THE BENEFITS! Schedule your private showing today!**
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Forced Air Sep Heating Systems - 2+ Indv Controls
Possession Closing Immediate
Roof Asphalt
Zoning MULTI
Architectural Style Traditional
Construction Materials Brick
Year Built 1898
Township Lake
Tax Year 2025
Ownership Fee Simple
Community Features Park Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Other Structures On Street
Total Rooms 10
Status New
Directions Ashland Ave. to 54th St. east to Paulina St. south to property.
High School Tilden Career Communty Academy S
City Chicago
High School District 299
MLS Area CHI - New City
Elementary School Fulton Elementary School
Tax Annual Amount 2492.02
Middle/Junior High School Fulton Elementary School
Virtual Tour https://my.matterport.com/show/?m=inUSPKmYuDQ&brand=0&mls=1&
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Unfinished Storage Space Full
Total Bedrooms 4
Room Type Kitchen Enclosed Porch
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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ExteriorParking Features Off Alley Off Street On Street Alley Access Yes Owned
Lot Features Level
Water Source Public
Total Parking 2
Foundation Details Concrete Perimeter
Lot Dimensions 25 x 125 ft.
Lot Size Acres 0.07
Waterfront Y/N N
Other Equipment CO Detectors Ceiling Fan(s) Fan-Attic Exhaust Multiple Water Heaters Water Heater-Gas
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* Excluded FeaturesList ByVillage Realty, Inc.Broker
jacqueline.zepedarealestate@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,762
- Monthly Property Taxes
- $208
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $640,266
Percent of Sale Price 60%
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.
5432861 Elementary School
5432861 Middle School
Tilden Career Communty Academy S High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/9/2026 | $399,900 | | Listed Price |