Turnkey investment opportunity in the heart of Auburn Gresham. This brick 4-unit is a smart buy in an up-and-coming and appreciating neighborhood. Two three-bedroom and two two-bedroom units, all occupied and all on month-to-month leases, so the next owner can move rents to market rate right away. Current rents are below market with plenty of upside for the savvy buyer. Rehabbed in 2024 with improvements made in 2026. Finished basement clubhouse with an additional bedroom, full bath, in-building laundry, and storage area gives tenants multiple reasons to stay, reducing turnover. Four exterior parking spaces. Whether you are looking to live in one unit and grow your equity, or add a property that earns from day one to your portfolio, this is a fantastic opportunity that builds generational wealth. Do not disturb tenants.
Contingent
$600,000
8314 S Paulina St, Chicago, IL 60620
10beds
--sqft
Multi Family
Built in 1926
-- sqft lot
$600,900 Zestimate®
$--/sqft
$-- HOA
What's special
Finished basement clubhouseAdditional bedroomStorage areaFour exterior parking spacesIn-building laundryTwo two-bedroom units
- 49 days
- 35
- 0
Zillow last checked:
Listing updated:
Listed by:
Darryl Toney 773-531-2763,
Jason Mitchell Real Estate IL
Source: MRED as distributed by MLS GRID,MLS#: 12760475
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 5
Rooms
- Room types: Enclosed Porch, Recreation Room, Utility Room-Lower Level
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 4
- Parking features: Off Alley, Yes
Lot
- Size: 6,200 Square Feet
- Dimensions: 50 x 124
Details
- Parcel number: 20314040230000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1926
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $260,000
- Annual tax amount: $5,418
- Date on market: 9/18/2026
- Ownership: Fee Simple
Estimated market value
$600,900
$571,000 - $631,000
$1,949/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Contingent | $600,000 |
Source:  MRED as distributed by MLS GRID #12760475 Report a problem | ||
| 9/18/2026 | Listed for sale | $600,000+7.1% |
Source: MRED as distributed by MLS GRID #12760475 Report a problem | ||
| 7/20/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/14/2026 | Listed for sale | $560,000+24.4% |
Source: Owner Report a problem | ||
| 8/2/2024 | Sold | $450,000-10% |
Source: Public Record Report a problem | ||
| 1/2/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11625906 Report a problem | ||
| 9/9/2022 | Listed for sale | $500,000 |
Source: MRED as distributed by MLS GRID #11625906 Report a problem | ||
| 8/12/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/17/2022 | Price change | $700+7.7% |
Source: Zillow Rental Manager Report a problem | ||
| 7/12/2022 | Listed for rent | $650 |
Source: Zillow Rental Manager Report a problem | ||
| 1/27/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/21/2022 | Listed for sale | $500,000+108.3% |
Source: Owner Report a problem | ||
| 12/3/2020 | Sold | $240,000-8.7% |
Source: Public Record Report a problem | ||
| 2/29/2020 | Listing removed | $262,900 |
Source: Winifred N Ihejirika #10502578 Report a problem | ||
| 2/3/2020 | Listed for sale | $262,900 |
Source: Winies Realty Inc. #10502578 Report a problem | ||
| 10/21/2019 | Listing removed | $262,900 |
Source: Winies Realty Inc. #10502578 Report a problem | ||
| 9/20/2019 | Price change | $262,900-0.8% |
Source: Winies Realty Inc. #10502578 Report a problem | ||
| 8/31/2019 | Listed for sale | $264,900+47.2% |
Source: Winies Realty Inc. #10502578 Report a problem | ||
| 9/2/2003 | Sold | $180,000-2.7% |
Source: Public Record Report a problem | ||
| 9/14/1999 | Sold | $185,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,562 -8.7% | $26,000 -3.7% |
| 2023 | $4,997 +11.1% | $27,000 |
| 2022 | $4,498 -17.2% | $27,000 |
| 2021 | $5,429 +160.7% | $27,000 +80.8% |
| 2020 | $2,083 -38.9% | $14,933 -12% |
| 2019 | $3,410 +1.7% | $16,970 |
| 2018 | $3,352 -6.5% | $16,970 -25.4% |
| 2017 | $3,586 -11.5% | $22,735 |
| 2016 | $4,053 +10% | $22,735 |
| 2015 | $3,685 +13.5% | $22,735 +13.3% |
| 2014 | $3,248 +2.4% | $20,072 |
| 2013 | $3,172 +0.6% | $20,072 |
| 2012 | $3,154 -16.4% | $20,072 -20.7% |
| 2011 | $3,773 +12.8% | $25,305 |
| 2010 | $3,344 -15.3% | $25,305 |
| 2009 | $3,946 -2.4% | $25,305 -10.2% |
| 2008 | $4,043 +1% | $28,181 |
| 2007 | $4,002 -1.1% | $28,181 |
| 2006 | $4,046 +31.1% | $28,181 +49.2% |
| 2005 | $3,087 +1% | $18,889 |
| 2004 | $3,055 +2.2% | $18,889 |
| 2003 | $2,989 -6.6% | $18,889 +6.1% |
| 2002 | $3,200 +3.8% | $17,809 |
| 2001 | $3,084 0% | $17,809 |
| 2000 | $3,085 -0.7% | $17,809 +10.9% |
| 1999 | $3,106 | $16,058 |
Find assessor info on the county website
Monthly payment
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Neighborhood: Gresham
Nearby schools
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