548 W Fullerton Pkwy Chicago, IL 60614
Lincoln Park Neighborhood
6
Beds
7
Baths
3,564
Sq Ft
1920
Built
Highlights
- Deck
- 2 Car Detached Garage
- 1-Story Property
- Abraham Lincoln Elementary School Rated A-
- Brick Porch or Patio
- Ceiling Fan
About This Home
As of April 2024548 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
Last Agent to Sell the Property
Jameson Sotheby's Int'l Realty License #471009697 Listed on: 11/04/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,685
Year Built
- Built in 1920 | Remodeled in 2018
Lot Details
- Lot Dimensions are 25 x 175
Parking
- 2 Car Detached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 7 Bathrooms
- No Tub in Bathroom
Partially Finished Basement
- English Basement
- Partial Basement
Outdoor Features
- Deck
- Brick Porch or Patio
Utilities
- Radiator
- Heating System Uses Steam
- Radiant Heating System
- Gas Water Heater
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $1,989
- Fuel Expense $5,840
- Insurance Expense $5,945
- Professional Management Expense $1,050
- Water Sewer Expense $1,400
- Gross Income $92,689
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/05/2024 04/05/24 | Sold | $1,751,000 | -2.7% | $491 / Sq Ft |
| 02/14/2024 02/14/24 | Pending | -- | -- | -- |
| 11/05/2023 11/05/23 | For Sale | $1,800,000 | 0.0% | $505 / Sq Ft |
| 11/05/2023 11/05/23 | Off Market | $1,800,000 | -- | -- |
| 11/04/2023 11/04/23 | For Sale | $1,800,000 | +16.1% | $505 / Sq Ft |
| 01/02/2018 01/02/18 | Sold | $1,550,000 | -1.9% | $435 / Sq Ft |
| 10/06/2017 10/06/17 | Pending | -- | -- | -- |
| 09/28/2017 09/28/17 | Price Changed | $1,580,000 | -3.4% | $443 / Sq Ft |
| 09/12/2017 09/12/17 | Price Changed | $1,635,000 | -6.6% | $459 / Sq Ft |
| 08/29/2017 08/29/17 | For Sale | $1,750,000 | -- | $491 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Klopas Stratton Team
Seller's Agent in 2024
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
(312) 927-0334
13 in this area
621 Total Sales
-
Paul Waitz
Seller Co-Listing Agent in 2024
Paul Waitz
Jameson Sotheby's Intl Realty
(312) 925-9328
2 in this area
51 Total Sales
-
Dee Thompson
Buyer's Agent in 2024
Dee Thompson
@ Properties
(312) 882-5822
1 in this area
31 Total Sales
-
Dione Balingit
Buyer Co-Listing Agent in 2024
Dione Balingit
@ Properties
(847) 894-4851
1 in this area
40 Total Sales
-
Jose Hernandez
Seller's Agent in 2018
Jose Hernandez
Coldwell Banker Realty
(312) 266-7000
27 Total Sales
-
Carolyn Durocher
Seller Co-Listing Agent in 2018
Carolyn Durocher
Coldwell Banker Realty
(312) 545-2834
21 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11921700
APN: 14283170240000
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