8022 South Paulina, Chicago IL 60620
Property Description
Turnkey 6-unit multifamily property delivering immediate cash flow with significant upside potential. Four units are currently occupied with tenants paying their own utilities, keeping operating costs lean from day one. Major capital improvements have already been addressed including a new roof, porch, fence, and updated unit interiors - removing the heavy lifting for the next owner. Two vacant units are ready to lease for instant income upside, and the unfinished basement presents an opportunity to add additional units. A 4-car garage and coin laundry installation potential offer even more ways to maximize NOI. Major CapEx done, a stabilized tenant base in place, and multiple levers to force appreciation - 8022 S Paulina is a disciplined investor's dream. Properties with this profile don't last.
Features & Information
Key Details
- List Price $609,995
- Property Taxes $5,908
- Price/ Sq. Ft. Unavailable
- Year Built 1926
- Status New
Building Information
- Age of Building Older
- Heating & Cooling Central Heat/Indiv Controls
Location
- County Cook
- Directions to Property East On 80th St, South On Paulina To Address
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Property Taxes
- Tax 5908
- Parcel Identification Number 20312130240000
Listed by: eXp Realty | Phone: 888.574.9405
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 5/1/2026 12:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Gresham
The heart of the south side of Chicago, Gresham is a neighborhood in transition with a bright future ahead and a rich history behind it. Community groups and public parks are on the front lines of revitalization. Providing a place for Gresham residents of all ages to participate in sports and be active, the neighborhood parks offer numerous programs and even a 12-lane bowling alley – to cover every recreational interest. Adult social clubs, teen groups and day camps for kids all encourage community bonding and are a great way to meet the neighbors. Some of the park facility programs focus on personal fitness with aquatic exercise classes and workout centers, but mostly the Chicago Park District works to supply places where Gresham residents can hangout and have fun with fellow community members.
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