Homes for sale - Address not disclosed, Chicago, IL 60614

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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 226-4848

Listed by Sophia Klopasof Jameson Sotheby's Int'l Realty

$2,099,000

Est. payment - /mo

6 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12519123

Bedrooms 6

Year Built 1920

Annual Tax Amount $35,179

Tax Year 2024

Lot Dimensions 25 X 175

Property Sub-Type Two to Four Units

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.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Partially Finished, Partial, Daylight

Interior

Heating Steam, Radiant, Radiator(s)

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Flat

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Lincoln Elementary School

High Schools Lincoln Park High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 226-4848 | joanna@boutiquehomerealty.com

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Address not disclosed Chicago, IL 60614

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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