$1,751,000

beds

baths

half baths

548 W Fullerton Parkway

Chicago, Illinois 60614

Closed / MLS #11921700 / Multiple Unit (2-4) / Lincoln Park

Listing information updated 4/7/2024 at 6:03am

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

Full Features

Exterior Type:

Brick

Basement:

Partially Finished

Beds Above Grade:

Heating System:

Steam, Radiant, Radiator(s)

Pool:

Age:

100+ Years

Roof Type:

Flat

Parking Type:

Garage

Garage:

Garage Door Opener(s),Transmitter(s)

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Oversized Chicago Lot

Taxes & Assessments

Tax Amount:

$35,685

Tax Year:

2022

Location

Zip Code:

60614

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Full Features Taxes & Assessments Location Schools

Exterior Type:

Brick

Basement:

Partially Finished

Beds Above Grade:

Heating System:

Steam, Radiant, Radiator(s)

Pool:

Age:

100+ Years

Roof Type:

Flat

Parking Type:

Garage

Garage:

Garage Door Opener(s),Transmitter(s)

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Oversized Chicago Lot

Listing Office: Berkshire Hathaway HomeServices Chicago

Listing Office Phone: 312.944.8900

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/7/2024 at 6:03am. 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.

New Listings in Lincoln Park, IL

Recently Sold Homes in Lincoln Park, IL

Popular Neighborhoods near Lincoln Park, IL

548 W Fullerton Parkway is a multiple unit (2-4) which sold for $1,751,000. 548 W Fullerton Parkway features 6 Beds, 5 Baths, 2 Half Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since November 1st, 2023 and was built in 1920. The nearest transit stops include Fullerton CTA Brown line.