$2,099,000

Estimated payment $14,011/month

Total Views 40
6 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

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

Klopas Stratton Team

Jameson Sotheby's Int'l Realty Brokerage Phone: (312) 927-0334 License #471009697 Listed on: 11/17/2025

Jameson Sotheby's Int'l Realty

Co-Listing Agent

Paul Waitz

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,377

Year Built

Built in 1920 | Remodeled in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • Attribution Contact: (312) 927-0334
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Partially Finished, Partial, Daylight
  • Total Bathrooms: 7
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s), Water Heater-Gas
  • Bathroom Amenities: No Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner,Fireplace-Artificial,Laundry Hook-Up,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Window Air Conditioner,Fireplace-Artificial,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Roof: Flat
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Radiant, Radiator(s)
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 1613
  • Other Expenses $: 492

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School: Lincoln Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 175
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 114719
  • Fuel Expense: 6058
  • Insurance Expense: 7778
  • ElectricExpense: 2246
  • GrossIncome: 169740
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 35377
  • Tax Year: 2023
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12519123

Midwest Real Estate Data (MRED)

APN: 14283170240000