1835 North Paulina Street — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60622

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1835 North Paulina Street — Sale in Chicago, IL, photo 1 of 2
1835 North Paulina Street — Sale in Chicago, IL, photo 2 of 2

Investment Figures

Cap rate
5.83%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This multifamily in Chicago, IL is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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