ON MARKET – MULTI-FAMILY
6100-6104 N. Paulina St. Chicago, IL 60660
NEIGHBORHOOD
Edgewater
PRICE
$3,050,000
NUMBER OF UNITS
23
CAP RATE
4.24%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 6100-6104 N. Paulina St. located in Chicago's Edgewater Neighborhood. The Subject Property consists of twenty-three (23) apartments comprised of two (2) Studio, two (2) 1 Bed/1 Bath and nineteen (19) 2 Bed/1 Bath units. The Subject Property may offer investors and developers the opportunity to add significant value to the asset via unit renovations, normalizing expenses, converting the building back to its original 24-unit layout or converting the apartments to condominiums.

LOCATION DETAILS

The Subject Property is a red brick, walk-up apartment building located in Chicago's Edgewater neighborhood, just north of Andersonville. Situated just northwest of the Clark St./Ridge Ave. intersection. The Granville and Thorndale Red Line stations only six blocks to the east, as well as the numerous bus routes along Clark St. This location offers residents easy access to plenty of public transportation options in addition to the array of shops, bars and restaurants located in Chicago's beloved Andersonville neighborhood.

HIGHLIGHTS
  • Corner Lot Located Near Andersonville
  • Potential To Increase Income By 50%
  • Multiple Value-Add Opportunities
  • Stabilized Cap Rate: 6.99%
  • Stabilized GRM: 9.51
LISTING BROKER
Matt Feo
Associate
224.305.4102