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$1,950,000
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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.
Full Property Details
Full Property Details for MLS# 12519123
General
- Sold For: $1,950,000
- Taxes: $35,179 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12519123
- Added to Site: 59 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
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
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
- Elementary School: Lincoln Elementary School
- Middle School: Lincoln Elementary School
- High School: Lincoln Park High School
- Private School: Lincoln Park High School
Heating & Cooling
- Heating Type: Steam, Radiant, Radiator(s)
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished, Partial, Daylight
- 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: $35,179.14
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14283170240000
Listed by Jameson Sotheby's Int'l Realty
Sold by Cadence Realty
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Schools
Schools serving MLS# 12519123
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Chicago, IL 615 West Kemper Place, Chicago, IL 60614 | K-8 | 0.1 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# 12519123
Date
Details
Price
Change
Source
12/30/2025
Sold
$1,950,000
-7.1%
MLS
11/17/2025
Listed
$2,099,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# 12519123, Chicago, IL 60614 (MLS# 12519123) is a Multi-Family property that was sold at $1,950,000 on December 30, 2025. Want to learn more about MLS# 12519123? 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.

