Property Overview

Interra Realty has been exclusively engaged to market 4601 N. Paulina Street (Paulina Street Lofts) for sale. The subject investment property is a best-in-class multifamily asset in a prime Ravenswood location. The building was formally a masonic temple and features Corinthian columns, original terrazzo flooring, concrete ceilings and numerous other historic details. The property recently underwent an adaptive re-use renovation and offers large floorplans that feature modern finishes, while preserving the historic details throughout. Additionally, all of the building systems were replaced and the units feature individual HVAC and hot water heaters, and in-unit laundry equipment. There is a heated underground parking garage, a rare amenity in the submarket, which accommodates 20 cars with additional room for bike storage.

Highlights

  • Modern and Luxurious Finishes with Historic Characteristics Throughout
  • In-Unit Laundry and Individual HVAC / Hot Water Heaters
  • Underground Heated Parking Garage for 20 Cars and Bike Storage

Key Details

Asking Price
$11,000,000
Number Of Units
24
Lot Size
15,102 SF
Building Size
35,753 SF
Cap Rate
5.33