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Multifamily

1824 North Paulina Street

1824 N Paulina St, Chicago, IL 60622

Listing Price: $1,550,000

Cap Rate
5.55%
Number of Units
6
GRM
10.92
Price/Unit
$258,333
Price/Gross SF
$320.91
Gross SF
4,830

Investment Overview

OVERVIEW
1824 North Paulina Street is a well-maintained multifamily asset situated on a quiet, tree-lined residential block in the heart of Chicago’s Bucktown neighborhood. The property sits just steps from Damen Avenue’s dense concentration of shopping, dining, and nightlife, and is a short walk to the Blue Line at Damen and the Clybourn Metra stop, giving residents fast, multi-modal access to downtown and the broader North Side.
The asset comprises six multifamily units totaling approximately 4,200 rentable square feet (4,830 gross building area), configured as an efficient, single unit-type building well suited to consistent management and turnover. Updated finishes throughout the building support strong renter demand in one of the city’s most competitive rental submarkets.
Unit Mix The residential component is uniform, offering simple, repeatable operations for ownership:
• SIX ONE-BEDROOM / ONE-BATHROOM UNITS
NEIGHBORHOOD & LIFESTYLE APPEAL Bucktown is one of Chicago’s most sought-after North Side neighborhoods, known for its blend of historic greystones, independent boutiques, and an acclaimed dining and nightlife scene along Damen, North, and Milwaukee Avenues. The neighborhood’s walkability, bike infrastructure, and proximity to the 606 Trail, Holstein Park, and the Kennedy Expressway make it consistently attractive to young professionals and long-term renters alike, supporting durable rental demand and limited new supply.
INVESTMENT RATIONALE 1824 North Paulina offers investors a scaled entry point into a defensive, high-demand Bucktown location with a straightforward, uniform unit mix that simplifies underwriting, leasing, and ongoing operations. The property’s walkable, transit-connected setting and limited competing new supply support a stable, long-term ownership thesis in one of Chicago’s most resilient North Side rental submarkets.

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

1824 North Paulina Street

Listing Price: $1,550,000

Cap Rate
5.55%
Number of Units
6
GRM
10.92
Price/Unit
$258,333
Price/Gross SF
$320.91
Gross SF
4,830

Investment Highlights

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

Investment Overview

OVERVIEW 1824 North Paulina Street is a well-maintained multifamily asset situated on a quiet, tree-lined residential block in the heart of Chicago’s Bucktown neighborhood. The property sits just steps from Damen Avenue’s dense concentration of shopping, dining, and nightlife, and is a short walk to the Blue Line at Damen and the Clybourn Metra stop, giving residents fast, multi-modal access to downtown and the broader North Side. The asset comprises six multifamily units totaling approximately 4,200 rentable square feet (4,830 gross building area), configured as an efficient, single unit-type building well suited to consistent management and turnover. Updated finishes throughout the building support strong renter demand in one of the city’s most competitive rental submarkets. Unit Mix The residential component is uniform, offering simple, repeatable operations for ownership: • SIX ONE-BEDROOM / ONE-BATHROOM UNITS NEIGHBORHOOD & LIFESTYLE APPEAL Bucktown is one of Chicago’s most sought-after North Side neighborhoods, known for its blend of historic greystones, independent boutiques, and an acclaimed dining and nightlife scene along Damen, North, and Milwaukee Avenues. The neighborhood’s walkability, bike infrastructure, and proximity to the 606 Trail, Holstein Park, and the Kennedy Expressway make it consistently attractive to young professionals and long-term renters alike, supporting durable rental demand and limited new supply. INVESTMENT RATIONALE 1824 North Paulina offers investors a scaled entry point into a defensive, high-demand Bucktown location with a straightforward, uniform unit mix that simplifies underwriting, leasing, and ongoing operations. The property’s walkable, transit-connected setting and limited competing new supply support a stable, long-term ownership thesis in one of Chicago’s most resilient North Side rental submarkets.

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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