4504 S Paulina Street, Chicago IL 60609
Property Description
STRONG POSITIVE CASH FLOW IN THE HEART OF BACK OF THE YARDS Welcome to 4504 S Paulina St, a solid and well-maintained legal 3-unit building offering an excellent investment opportunity with positive cash flow. The property features three separate apartment units: First Floor Front Unit: Spacious apartment First Floor Rear Unit: Separate apartment Second Floor: Full-floor unit extending from front to rear All three units are legally configured as a 3-unit property. An additional benefit for investors is that tenants pay their own gas and electric, helping keep operating expenses lower and supporting strong cash flow. This is an excellent opportunity for an investor or owner occupant looking for a cash-flowing multifamily property in Back of the Yards, with multiple rental units and tenant-paid utilities. Property Highlights: Legal 3-unit building 2 units on the first floor 1 full-unit apartment on the second floor Positive cash flow Tenants pay gas and electric Strong investment opportunity Located in Back of the Yards
Features & Information
Key Details
- List Price $299,900
- Property Taxes $1,060
- Year Built 1893
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances None
- Tenant Pays Electric,Gas
- Lease Expires vac
-
Unit 2
- Floor 1
- Rooms 4
- Beds 2
- Baths 1
- Appliances None
- Tenant Pays Electric,Gas
- Lease Expires vac
-
Unit 3
- Floor 2
- Rooms 9
- Beds 4
- Baths 2
- Appliances None
- Tenant Pays Electric,Gas
- Lease Expires vac
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township Lake
- Corporate Limits Chicago
- Directions to Property 47 To Paulina North To Adress
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 1060
- Tax Year 2023
- Parcel Identification Number 20064150250000
Listed by Jose Cortez for Golden Enterprise Realty Inc | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/26/2026 11:32 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 Back of the Yards
The Back-of-the-Yards neighborhood is one of the original communities of the American Industrial Revolution. This was the site of radical social change that moved the country forward with progress in labor relations and how society views laborers. The slaughterhouses and harsh working conditions attracted both reformers and authors who acted as advocates for the everyman. Now the neighborhood is an intriguing place to explore, with a plethora of parks and a strong, diversified community that is expanding on its industrial base. Classic Chicago bungalows are joined by other single-family homes and some condominium conversions to give homeowners a wide range of real estate to choose from. Specialty grocery stores and an international selection of restaurants round out the backdrop of Chicago's Back-of-the-Yards neighborhood.
Mortgage Calculator
- List Price${ formatCurrency(listPrice) }
- Taxes${ formatCurrency(propertyTaxes) }
- Assessments${ formatCurrency(assessments) }
- List Price
- Taxes
- Assessments
Estimated Monthly Payment
${ formatCurrency(monthlyTotal) } / month
- Principal & Interest${ formatCurrency(monthlyPrincipal) }
- Taxes${ formatCurrency(monthlyTaxes) }
- Assessments${ formatCurrency(monthlyAssessments) }
All calculations are estimates for informational purposes only. Actual amounts may vary.