548 W Fullerton Parkway, Chicago, Illinois 60614

List Price
Residential Income
Gross Rental Income
Lincoln Park
Days On Market

Property Description

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

Additional Information

School District
Corporate Limits
Tax Year
Tax Amount
Year Built
Exterior Building Type
Exterior Property Features
Deck, Brick Paver Patio
Lot Dimensions
25 X 175
Lot Size Range
Oversized Chicago Lot
Garage Spaces
Garage Door Opener(s), Transmitter(s)
Parking Spaces
Steam, Radiant, Radiator(s)
Public Sewer
Total Rental Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
Term of Loan

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Calculator source: Real Geeks

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