548 W Fullerton Pkwy new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60614
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12462510
Bedrooms 6
Year Built 1920
Annual Tax Amount $35,377
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
548 Fullerton is a legal 3 flat with RM-5 zoning on 175' deep lot, generating $169,740 in rental income! Units 1 + 2 are full floor units. The third floor is currently configured as 2 separate units counted as one + the rental income and details are combined as one unit #3 in details. Lastly the garden studio apartment currently generates 21,600 and is included in the total income of unit 1. The garden apartment can easily be expanded to become a 1 bedroom which could add a minimum of 7000 per year. All electric and plumbing has ben updated. The boiler dates to c2000. Each unit has been freshly outfitted with new bathrooms, kitchens, and refinished original hardwood floors. In October of 2023 the roof was fully replaced. Three of the units feature fireplaces (3F is functional, the others are decorative). Each unit has laundry. 548 Fullerton is a fully leased building, last renewal received 8 applications. Rents have room to increase and can add extra value to the property. Garden apartment not included in unit count. Expenses are based off rolling 12 from July 2024 through June 2025.
Location
State IL
County Cook
Area Chi - Lincoln Park
Zoning MULTI
Interior
Heating Steam,Radiant,Radiator(s)
Equipment Ceiling Fan(s),Water Heater-Gas
Exterior
Garage Spaces 2.0
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Lincoln Elementary School
Middle Schools Lincoln Elementary School
High Schools Lincoln Park High School
School District 299 ,299, 299
Others
Special Listing Condition None