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548 W Fullerton Parkway, Chicago, IL 60614
$1,751,000
548 W Fullerton Parkway, Chicago, IL 60614View this property at 548 W Fullerton Parkway, Chicago, IL 60614
548 W Fullerton ParkwayChicagoIL60614
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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
Full Property Details
Full Property Details for 548 W Fullerton Pkwy
General
- Sold For: $1,751,000
- Taxes: $35,685 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11921700
- Added to Site: 185 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
- Bathroom Features: No Tub
Bedrooms
- Total Bedrooms: 6
Additional Information
- Equipment: Ceiling Fan(s), Water Heater-Gas
Exterior
- Exterior Features: Deck, Brick Paver Patio
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: Garage
- Garage Description: Garage Door Opener(s), Transmitter(s)
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: Clark to Fullerton, west to property (just east of Geneva Terrace on the north side of Fullerton).
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Steam, Radiant, Radiator(s)
Utilities
- Water: Public
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Partial, English
- Foundation: Concrete Perimeter
- Roof: Flat
- Year Built: 1920
- Built Before 1978: Yes
- Remodeled/Updated: 2018
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 25 x 175
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1920
- Tax Amount: $35,685.04
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14283170240000
Listed by Berkshire Hathaway HomeServices Chicago
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 548 W Fullerton Pkwy
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
615 W Kemper Pl, Chicago, IL 60614 | PK-8 | 0.1 mi | |
2001 N Orchard St, Chicago, IL 60614 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 548 W Fullerton Pkwy
Date
Details
Price
Change
Source
4/05/2024
Sold
$1,751,000
-2.72%
MLS
11/01/2023
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
548 W Fullerton Parkway, Chicago, IL 60614 (MLS# 11921700) is a Multi-Family property that was sold at $1,751,000 on April 05, 2024. Want to learn more about 548 W Fullerton Parkway? Do you have questions about finding other Multi-Family real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.