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  • $399,900

    5409 S Paulina St, Chicago, IL 60609

    4beds
    --sqft
    : 
    $3,197/mo
    Get pre-qualified
    Multi Family
    Built in 1898
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern lightingStylish gray vinyl flooringElegant quartz countertopsSpacious full unfinished basementBrand-new kitchensFreshly painted front porchBeautiful white cabinetry
    **LIVE IN ONE, RENT THE OTHER - AN EXCEPTIONAL 2-UNIT INVESTMENT OPPORTUNITY! Why settle for an ordinary property when you can own a beautifully transformed, income-producing investment with the major work already done? Welcome to an extensively GUT-REHABBED BRICK 2-UNIT property offering the perfect combination of modern finishes, substantial infrastructure improvements, & long-term investment potential! Completely transformed through an extensive renovation from 2023-2026, this property was remodeled with CITY OF CHICAGO-APPROVED ARCHITECTURAL PLANS & PERMITS! Per seller, All required inspections have been successfully passed, including ELECTRICAL, PLUMBING, HVAC, & NEW CONSTRUCTION, with work completed in accordance with applicable Chicago Construction Codes. BOTH UNITS showcase BRAND-NEW KITCHENS featuring beautiful white cabinetry, elegant QUARTZ COUNTERTOPS, & BRAND-NEW STAINLESS STEEL APPLIANCES (2026), complemented by stylish gray vinyl flooring, renovated bathrooms with ceramic tile finishes, modern lighting, & new interior doors. The TRUE VALUE goes far beyond the finishes! Major improvements include a NEW ROOF (2023), NEW WINDOWS (2024), COMPLETELY NEW ELECTRICAL WIRING & PLUMBING THROUGHOUT (2026), NEW UNDERGROUND PLUMBING & DRAIN TILES (2024), NEW SOFFITS, FASCIA & GUTTERS (2024), and TWO CENTRAL AIR CONDITIONING CONDENSERS (2025)! Each unit features its OWN ELECTRICAL PANEL, along with TWO SEPARATE GAS METERS and a dedicated electrical panel for common areas. Step outside to enjoy the FRESHLY PAINTED FRONT PORCH and TWO FRESHLY PAINTED REAR PORCHES, one for each unit! And THERE'S MORE! The property offers a SPACIOUS, FULL UNFINISHED BASEMENT, providing an exciting blank canvas for the next owner's vision! Whether you envision additional storage, a workshop, hobby space, or future improvements tailored to your needs, the basement offers flexibility and potential for further customization, subject to applicable permits and approvals. For investors, this means acquiring a property with extensive capital improvements already completed & the opportunity to focus on rental income rather than taking on a major renovation from day one. For owner-occupants, imagine enjoying a beautifully renovated home while rental income from the second unit helps towards YOUR MONTHLY MORTGAGE! LOCATION ADDS EVEN MORE VALUE! Conveniently located near neighborhood schools, Cornell Square Park, Sherman Park, grocery stores, shopping, local restaurants, and everyday essentials, with access to CTA transportation and major expressways including I-90/94, connecting you to downtown Chicago and surrounding suburbs. Whether you're growing your investment portfolio or beginning your homeownership journey, this property offers an outstanding opportunity to build equity and invest in your future! THE MAJOR WORK HAS BEEN DONE - NOW IT'S YOUR TURN TO ENJOY THE BENEFITS! Schedule your private showing today!**
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jacqueline Zepeda 708-295-2727,

    Village Realty, Inc.

    Source: MRED as distributed by MLS GRID,MLS#: 12779271MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Kitchen, Enclosed Porch
      Heating
      • Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
      Appliances
      • Included: Multiple Water Heaters, Gas Water Heater
      Features
      • Basement: Unfinished,Storage Space,Full

      Property

      Parking
      • Total spaces: 2
      • Parking features: Off Alley, Off Street, On Street, Alley Access, Yes, Owned
      Features
      • Patio & porch: Porch
      • Fencing: Partial
      Lot
      • Size: 3,049 Square Feet
      • Dimensions: 25 x 125 ft.
      • Features: Level
      Details
      • Parcel number: 20074300040000
      • Zoning: MULTI
      • Special conditions: Standard
      • Other equipment: Ceiling Fan(s), Fan-Attic Exhaust

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1898
      • Major remodel year: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
      • Security: Carbon Monoxide Detector(s)
      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $89,990
      • Annual tax amount: $2,492
      • Date on market: 10/9/2026
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/27/2008Listing removed$120,000
        Source: NCI #6823628 Report a problem
        3/15/2008Listed for sale$120,000
        Source: NCI #6823628 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- --
        2023-- --
        2022$995 -45%--
        2021$1,810 +24.2%$8,999 +37.6%
        2020$1,457 -3.5%$6,541 -13%
        2019$1,511 +1.7%$7,519
        2018$1,485 -47.7%$7,519 -43%
        2017$2,837 +7.5%$13,181
        2016$2,640 +9.3%$13,181
        2015$2,415 +7.3%$13,181 +8.6%
        2014$2,251 +2%$12,134
        2013$2,207 +1.4%$12,134
        2012$2,177 -10.1%$12,134 -18.8%
        2011$2,422 -0.4%$14,949
        2010$2,433 +4.4%$14,949
        2009$2,331 -16.2%$14,949 -23%
        2008$2,783 +1%$19,402
        2007$2,756 -1.1%$19,402
        2006$2,785 +130.9%$19,402 +162.8%
        2005$1,206 +1%$7,382
        2004$1,194 +2.2%$7,382
        2003$1,168 +13%$7,382 +28.4%
        2002$1,033 +3.8%$5,751
        2001$996 +33.2%$5,751
        2000$748 -0.7%$5,751 +47.7%
        1999$753 $3,893
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Back of the Yards

        Getting around

        65 / 100
        Somewhat Walkable
        60 / 100
        Good Transit
        60 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Fulton Elementary School
        • Middle: Fulton Elementary School
        • High: Tilden Career Communty Academy S
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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