Estimated payment $14,011/month
Highlights
- Deck
- Patio
- Ceiling Fan
- Abraham Lincoln Elementary School Rated A-
- 1-Story Property
- Heating System Uses Steam
About This Home
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.
Listing Agent
Jameson Sotheby's Int'l Realty Brokerage Phone: (312) 927-0334 License #471009697 Listed on: 11/17/2025
Co-Listing Agent
Jameson Sotheby's Intl Realty Brokerage Phone: (312) 927-0334 License #475135912
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,377
Year Built
- Built in 1920 | Remodeled in 2018
Lot Details
- Lot Dimensions are 25 x 175
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Partial Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 7 Bathrooms
- No Tub in Bathroom
Outdoor Features
- Deck
- Patio
Schools
- Lincoln Elementary School
- Lincoln Park High School
Utilities
- Radiator
- Heating System Uses Steam
- Radiant Heating System
- Gas Water Heater
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $2,246
- Fuel Expense $6,058
- Insurance Expense $7,778
- Water Sewer Expense $1,613
- Gross Income $169,740
- Net Operating Income $114,719
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $2,099,000 | +19.9% | -- | |
| 04/05/2024 04/05/24 | Sold | $1,751,000 | -2.7% | $491 / Sq Ft | View Prior Sale |
| 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 | View Prior Sale |
| 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)
MLS Number: 12519123
APN: 14283170240000
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