5409 S Paulina Street
Chicago, IL, 60609
$399,900
4 Beds
2 Baths
0 SqFt
0.07 Acres
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$399,900
5409 S Paulina Street
Chicago, IL, 60609
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**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!**

Property Details

Price:
$399,900
MLS #:
MRD12779271
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
chinewcity
Listed Date:
Oct 8, 2026
Year Built:
1898
TraditionalChi – New CityChinewcityFulton Elementary SchoolFulton Elementary SchoolTilden Career Communty Academy S

Schools

School District:
299
Elementary School:
Fulton Elementary School
Middle School:
Fulton Elementary School
High School:
Tilden Career Communty Academy S

Interior

Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+, Indv Controls

Exterior

Architectural Style
Traditional
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Fencing
Partial
Lot Features
Level
Other Structures
On Street
Parking Features
Off Alley, Off Street, On Street, Alley Access, Yes, Owned
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch
Roof
Asphalt

Financial

Tax Year
2025
Taxes
$2,492
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 12, 2026
1,360
Multi Family Listed
76
Avg DOM
$528,678
Avg List Price

Community

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Property Summary

    5409 S Paulina Street Chicago IL is a Multi Family for sale in Chicago, IL, 60609. It is listed for $399,900 To schedule a showing of MLS#mrd12779271 at 5409 S Paulina Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5409 S Paulina Street
Chicago, IL