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.
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For more information about 548 W Fullerton, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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Listing provided by Jameson Sotheby's Int'l Realty
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