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.
Property Details
Price:
$2,500,000
MLS #:
MRD12640869
Status:
Active Under Contract
Beds:
5
Baths:
4
Type:
Commercial
Neighborhood:
chiedgewater
Listed Date:
May 8, 2026
Year Built:
1919
See this Listing
Schools
Interior
Cooling
Central Individual
Exterior
Construction Materials
Brick
Roof
Reflective Coating, Rubber
Stories
3
Financial
HOA Includes
None
Maintenance Fee
$3,300
Tax Year
2024
Taxes
$25,598
Map
Community
- Address6355 N Paulina Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60660
Market Summary
Current real estate data for Commercial in Chicago as of Jun 16, 2026
921
Commercial Listed
187
Avg DOM
$993,327
Avg List Price
Property Summary
- 6355 N Paulina Street Chicago IL is a Commercial for sale in Chicago, IL, 60660. It is listed for $2,500,000
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Copyright 2026. All rights reserved.
6355 N Paulina Street
Chicago, IL


