548 W Fullerton Parkway, Chicago, IL, 60614

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$1,800,000
121 Days Online

548 W Fullerton Parkway
Chicago, IL 60614

For Sale|Multi-Family|Active Under Contract
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Berkshire Hathaway HomeServices Chicago 312-944-8900
Call Now: 877 582 4399
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877 582 4399
548 W Fullerton Parkway548 W Fullerton Parkway548 W Fullerton Parkway548 W Fullerton Parkway
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548 Fullerton is a legal 3 flat with RM-5 zoning on 175' deep lot, generating $148, 200 in rental income! Long term tenants have kept rents lower than market rate. Units 1 + 2 are full floor units. The third floor is currently configured as 2 separate units however the rental income is combined as one unit. Lastly the garden studio apartment currently generates $15, 900 and is included in the total income of unit 1. The garden apartment can easily be expanded to become a 1 bedroom which adds $7, 200/yearly. Further increased income is possible in unit 3F. Adding a wall to the 20' wide interior of the living room creates a bedroom to generate an additional $3, 600/yearly. The seller has updated all electric and plumbing. 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 12 applications on the first day of showings. As demonstrated, rents easily have room to increase and add extra value. Garden apartment not included in unit count. Expenses are based off year end '23

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Listing Snapshot
Price 
$1,800,000
Days Online 
121 Days
Bedrooms 
6
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1920
MLS Number 
11921700
Status 
Active Under Contract
Property Tax 
$35,685
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
2 weeks agoStatus changed to Active Under Contract
4 months agoListing first seen online
General Features
Parking Spaces 
2
Sewer 
Public Sewer
Basement 
PartialEnglish
Water 
Public
Property Sub Type 
Multi Family
Garage Spaces 
2
Foundation 
Concrete Perimeter
Zoning 
MULTI
General Information 
None
Garage 
Detached
Rooms Total 
21
Lot Size 
Oversized Chicago Lot
Parking Total 
2
Interior Features
Heating 
SteamRadiantRadiator(s)
Bathroom 
No Tub
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Exterior Features
Roof 
Flat
Waterfront Property 
No
Exterior 
DeckBrick Paver Patio
Community Features
Township 
Lake View
MLS Area 
CHI - Lincoln Park
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Berkshire Hathaway HomeServices Chicago 312-944-8900



Based on information submitted to the MLS GRID as of 2024-03-04 07:05 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-03-04 07:05 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

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