PROPERTY LISTED
Essex Realty Group, Inc. is proud to present our exclusive engagement to market the sale
of 7800 S. Paulina St, a 15 unit corner multi-family property located in
Chicago’s Auburn Gresham neighborhood. Built in 1920 and renovated in 2017, the property consists of three (3)
3-bedroom, six (6) 2-bedroom, three (3) 1-bedroom and three studio apartments. The build has undergone renovations with kitchens and baths in 13 of the 15 units including electric heat, new water heater to each unit, new roof layer, tuck-pointing and all the lintels. The tenancy currently is 100% occupied with market tenants in the majority, only two tenants use rental assistance/vouchers.
LOCATION DETAILS
Auburn Gresham is Community Area 71, 9 miles SW of the Loop.
HIGHLIGHTS
- 13% Cap Rate on current financials
- 4.4 GRM
- 9 Market Tenant Rents
- All new lintels and windows repaired
- All new water heaters and electric baseboard heat
- Copper risers and horizontals
- Tenant pays for all utilities