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$310,000
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Property Description
Great investment opportunity in a rapidly growing area! This well-maintained 6-unit building offers significant upside potential with all units rented below market rate. Tenants are month-to-month, and each pays their own utilities, reducing overhead costs. The owner has kept up with maintenance, including a new roof installed in 2018. With a little work, this property can be transformed for higher rents, making it perfect for investors or homebuyers looking to capitalize on a thriving neighborhood. The 60609 area is on the rise, offering strong potential for long-term appreciation. Don't miss out on this chance to secure a property with tons of potential!
Full Property Details
Full Property Details for 4530 S Paulina St
General
- Sold For: $310,000
- Taxes: $1,060 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12596136
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: South on Wood to property
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Unit
Structural Information
- Construction: Concrete, Block, Wood, Vinyl Siding, Frame
- Exterior Const.: Concrete, Block, Wood, Vinyl Siding, Frame
- Basement Desc.: Unfinished, Exterior Entry
- Foundation: Block, Concrete Perimeter
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,040
- Current Bldg. Use: Multi-Family
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Acres): 0.71
- Lot Size (Sq. Ft.): 3,075
- Lot Dimensions: 25 x 124
- Frontage: City Street, Public Road, Paved
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $1,060.72
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 20064150360000
Listed by Re/Max Loyalty
Sold by Chicago Premier Realty, Inc.
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Schools
Schools serving 4530 S Paulina St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Seward Elementary Communication Arts Ac 4600 South Hermitage Avenue, Chicago, IL 60609 | PK-8 | 0.1 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
4530 S Paulina Street, Chicago, IL 60609 (MLS# 12596136) is a Commercial property that was sold at $310,000 on May 01, 2026. Want to learn more about 4530 S Paulina Street? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

