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
Active
$299,900
4504 S Paulina St, Chicago, IL 60609
8beds
--sqft
Multi Family
Built in 1893
-- sqft lot
$288,700 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious apartmentThree separate apartment units
- 23 days
- 325
- 27
Zillow last checked:
Listing updated:
Listed by:
Jose Cortez 773-680-7640,
Golden Enterprise Realty Inc
Source: MRED as distributed by MLS GRID,MLS#: 12761976
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 2
- Parking features: Yes
Lot
- Size: 3,750 Square Feet
- Dimensions: 30x125
Details
- Parcel number: 20064150250000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Frame
Condition
- New construction: No
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $200,000
- Annual tax amount: $1,060
- Date on market: 9/17/2026
- Ownership: Fee Simple
Estimated market value
$288,700
$274,000 - $303,000
$1,660/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $299,900+1294.9% |
Source:  MRED as distributed by MLS GRID #12761976 Report a problem | ||
| 10/24/1995 | Sold | $21,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,036 +280.6% | $20,000 +300.1% |
| 2023 | $1,060 +2.5% | $4,999 |
| 2022 | $1,034 +2.9% | $4,999 |
| 2021 | $1,005 -45.6% | $4,999 -39.3% |
| 2020 | $1,847 -5.7% | $8,239 -15% |
| 2019 | $1,960 +1.7% | $9,693 |
| 2018 | $1,927 -38.3% | $9,693 -32.7% |
| 2017 | $3,121 +7.5% | $14,402 |
| 2016 | $2,904 +9.2% | $14,402 |
| 2015 | $2,658 +4.9% | $14,402 +6.3% |
| 2014 | $2,534 +2% | $13,552 |
| 2013 | $2,485 +1.3% | $13,552 |
| 2012 | $2,452 -19% | $13,552 -27% |
| 2011 | $3,027 -0.5% | $18,556 |
| 2010 | $3,042 +4.3% | $18,556 |
| 2009 | $2,917 +0.6% | $18,556 -7.5% |
| 2008 | $2,900 +0.9% | $20,067 |
| 2007 | $2,873 -1.1% | $20,067 |
| 2006 | $2,905 +37.4% | $20,067 +55.1% |
| 2005 | $2,114 +0.1% | $12,935 |
| 2004 | $2,112 +2.2% | $12,935 |
| 2003 | $2,067 +43.1% | $12,935 +62.4% |
| 2002 | $1,445 +3.7% | $7,963 |
| 2001 | $1,393 +30% | $7,963 |
| 2000 | $1,072 | $7,963 +5.9% |
| 1999 | $1,072 | $7,519 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Back of the Yards
Nearby schools
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