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$399,900 Just Listed
Property Description
**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!**
Full Property Details
Full Property Details for 5409 S Paulina St
General
- Price: $399,900
- Taxes: $2,492 (2025)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12779271
Rental Information
- Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Attic Exhaust Fan, Multiple Water Heaters, Water Heater-Gas
- Other Features: Commuter Bus, Interstate Access
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Off-Street, On Street, Alley Access, Yes, Owned
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: Ashland Ave. to 54th St., east to Paulina St., south to property.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Fulton Elementary School
- Middle School: Fulton Elementary School
- High School: Tilden Career Communty Academy S
- Private School: Tilden Career Communty Academy S
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Individual Controls
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Storage Space, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1898
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 2
Additional Structures
- Other Structures: On Street
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 125 ft.
- Fence: Yes
- Lot Features: Level
- Zoning: MULTI
- Fencing (Description): Partial
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $2,492.02
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Standard
- Property ID: 20074300040000
Listed by Village Realty, Inc.
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Schools
Schools serving 5409 S Paulina St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Fulton Elementary School, Chicago, IL 5300 South Hermitage Avenue, Chicago, IL 60609 | PK-8 | 0.1 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 5409 S Paulina St
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
100%
2022
-100%
-100%
2021
$1,810
24%
$8,999
38%
2020
$1,457
-4%
$6,541
-13%
2019
$1,511
2%
$7,519
—
2018
$1,485
-48%
$7,519
-43%
2017
$2,837
7%
$13,181
—
2016
$2,640
9%
$13,181
—
2015
$2,415
7%
$13,181
9%
2014
$2,251
2%
$12,134
—
2013
$2,207
1%
$12,134
—
2012
$2,177
—
$12,134
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5409 S Paulina St
5409 S Paulina Street, Chicago, IL 60609 (MLS# 12779271) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 5409 S Paulina Street is currently listed for $399,900 and was received on October 08, 2026. Want to learn more about 5409 S Paulina Street? Do you have questions about finding other Multi-Family 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.
