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Multifamily

1835 North Paulina Street

1835 N Paulina St, Chicago, IL 60622

Listing Price: $1,625,000

Cap Rate
5.88%
Number of Units
6
GRM
10.82
Price/Unit
$270,833
Price/Gross SF
$266.61
Gross SF
6,095

Investment Overview

OVERVIEW
1835 North Paulina Street is a well-located multifamily property in Chicago’s Bucktown neighborhood, positioned on a residential block just off Damen Avenue’s retail and dining corridor. The property benefits from strong walkability and proximity to the Blue Line at Damen, the Clybourn Metra stop, and the Kennedy Expressway, offering residents flexible commuting options to downtown and beyond.
The asset comprises six multifamily units totaling approximately 5,300 rentable square feet (6,095 gross building area). The unit mix blends larger two-bedroom layouts with efficient one-bedroom units, providing a diversified income stream and broad appeal across renter household types.
Unit Mix The residential component offers a balanced mix tailored to a range of renter profiles:
• FOUR ONE-BEDROOM / ONE-BATHROOM UNITS
• TWO TWO-BEDROOM / ONE-BATHROOM UNITS
NEIGHBORHOOD & LIFESTYLE APPEAL Bucktown is a premier North Side Chicago neighborhood recognized for its historic architecture, artistic character, and vibrant commercial corridors along Damen, North, and Milwaukee Avenues. Residents enjoy convenient access to the 606 Trail, Holstein Park, and an abundance of dining, shopping, and entertainment options, all of which continue to drive strong and consistent rental demand in a supply-constrained submarket.
INVESTMENT RATIONALE 1835 North Paulina presents investors with a diversified, well-located multifamily asset in one of Chicago’s most established North Side neighborhoods. The property’s mix of one- and two-bedroom units broadens its renter base, while its walkable, transit-oriented location and Bucktown’s track record of limited new supply support a durable, long-term ownership thesis.

Investment Highlights

  • Prime Bucktown Location
  • Value-Add Potential through Rental Increases and Management Efficiency
  • Durable Rental Demand and Limited New Supply

Exclusively Listed By

  • Kyle Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Multifamily

1835 North Paulina Street

Listing Price: $1,625,000

Cap Rate
5.88%
Number of Units
6
GRM
10.82
Price/Unit
$270,833
Price/Gross SF
$266.61
Gross SF
6,095

Investment Highlights

  • Prime Bucktown Location
  • Value-Add Potential through Rental Increases and Management Efficiency
  • Durable Rental Demand and Limited New Supply

Investment Overview

OVERVIEW 1835 North Paulina Street is a well-located multifamily property in Chicago’s Bucktown neighborhood, positioned on a residential block just off Damen Avenue’s retail and dining corridor. The property benefits from strong walkability and proximity to the Blue Line at Damen, the Clybourn Metra stop, and the Kennedy Expressway, offering residents flexible commuting options to downtown and beyond. The asset comprises six multifamily units totaling approximately 5,300 rentable square feet (6,095 gross building area). The unit mix blends larger two-bedroom layouts with efficient one-bedroom units, providing a diversified income stream and broad appeal across renter household types. Unit Mix The residential component offers a balanced mix tailored to a range of renter profiles: • FOUR ONE-BEDROOM / ONE-BATHROOM UNITS • TWO TWO-BEDROOM / ONE-BATHROOM UNITS NEIGHBORHOOD & LIFESTYLE APPEAL Bucktown is a premier North Side Chicago neighborhood recognized for its historic architecture, artistic character, and vibrant commercial corridors along Damen, North, and Milwaukee Avenues. Residents enjoy convenient access to the 606 Trail, Holstein Park, and an abundance of dining, shopping, and entertainment options, all of which continue to drive strong and consistent rental demand in a supply-constrained submarket. INVESTMENT RATIONALE 1835 North Paulina presents investors with a diversified, well-located multifamily asset in one of Chicago’s most established North Side neighborhoods. The property’s mix of one- and two-bedroom units broadens its renter base, while its walkable, transit-oriented location and Bucktown’s track record of limited new supply support a durable, long-term ownership thesis.

Exclusively Listed By

  • Kyle Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

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