Quiet Bucktown Multi Unit: 1820 N. Paulina
This brick and limestone three flat sits in the heart of Bucktown with three fully renovated, condo-quality units, 2-car garage, big back yard and steel back decks. One duplex up features 3 bedroom and 2 bathrooms plus two 2 bedroom and 1 bathroom units. All 3 units feature central air and gas forced heat, in-unit washer/dryer, hardwood floors, stainless steel appliances in the kitchens, and rehabbed baths. This building has proven easy to rent, never any vacancy, plus tenants pay gas and electric. Recent updates to the property include tuck point, repair & refinishing on the metal staircases and porches in rear, front stairs were replaced, all new HVAC in unit 3, unit 2 has a new furnace, unit 1 entirely (trim, walls, ceiling) repainted with fans and light fixtures replaced, and a few new windows in unit 3 (triangular windows in the bathroom). Currently this property has three separate PINS, but one owner - paperwork was filed and accepted to be de-converted from 3 condos to a legal 3 flat. A new PIN will be issued in 2019 for the 2018 tax. This is an ideal quiet side street close to the famed 606 trail, shopping restaurants, bars, Metra, CTA, highway, parks & Burr school. You will be sure to see lots of upswing with Finkl Steel development. One of the most sought after plots of land in the new construction hungry Chicago, the old Finkl Steel Yard is a prize above the rest. Currently owned by the powerhouse development company Sterling Bay, there are multiple theories on what will become of the long vacant land. The most popular gossip expect to see an extension of the 606 Trail through the old Finkl Steel site. Other possible developments include “an open-air market, a new “multi-modal hub,” and an overhauled Clybourn Metra station”. (Information courtesy of DNAInfo). Lincoln Yards is a vibrant new development that will connect Chicagoans to over 70 acres of riverfront sitting between two of the city’s most iconic neighborhoods: Lincoln Park and Bucktown. The development of Lincoln Yards presents a defining moment for Chicago to improve a vast parcel of underutilized land to benefit residents, businesses and visitors. (Information courtesty of Sterling Bay).
1820 N. Paulina St.
Chicago , IL 60622
Type: Multi Family