548 W Fullerton PKWY Brochure

548 W FULLERTON PARKWAY 548FULLERTON.COM

548 W FULLERTON 548FULLERTON.COM

548 Fuller ton 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 apar tment currently generates $15,900 and is included in the total income of unit 1. The garden apar tment can easily be expanded to become a 1 bedroom which adds $7,200/yearly. Fur ther 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 out fitted 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 laundr y. 548 Fuller ton 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 apar tment not included in unit count . Expenses are based off year end ‘23

IMPROVEMENTS SINCE 2018 • All new plumbing and electric throughout .

• New drain & sewer line to the city system.

• All new bathrooms and kitchens, except unit 1 which had a newer, existing kitchen.

• All appliances throughout the building have been replaced including hot water heaters.

• LED recessed can lights added to ever y unit • Laundr y added to both units 1 and 2, 3rd floor shared laundr y adjacent to units.

• All hardwood floors were refinished, including common stairs.

• New lighting throughout .

• Back rails, front gates, and common doors scraped and repainted.

• All window a/c units are new from summer 2022.

• Ceiling fans added to all units but garden.

• Front yard was landscaped and hardscape added.

• New garage door opener.

• New call box /entr y system, hinges, and hardware for building entr y door.

• New tear off roof (October 2023).

CURRENT RENT ROLL AS OF 02/24 3F - $1825/month with utilities included.

Lease runs from 10/1/23 - 9/30/24 3R - $1900/month with utilities included.

Lease runs from 3/1/24 - 4/30/25 2 - $3900/month Lease runs from 8/1/23 - 7/31/24 1 - $3400/month with 1 garage spot included.

Lease runs from 10/1/23 - 9/30/24 G - $1325/month with utilities included.

Lease runs from 7/1/23 - 6/30/24

INCOME & EXPENSE WORKSHEET 548 WEST FULLERTON PARKWAY CHICAGO, IL 60614

GISAPPS.CHICAGO.GOV/ZONINGMAPWEB

RENTAL COMPARABLES Unit# 3F Comparable

1 BEDROOM COMPARABLE

1 BEDROOM COMPARABLE

Unit #3F Comparable

1 BEDROOM COMPARABLE

Unit# 3F Comparable

2 BEDROOM COMPARABLE

Units 1 & 2 Comparable

2 BEDROOM COMPARABLE

Units 1 & 2 Comparable

1 BEDROOM COMPARABLE

Garden Unit Comparable -

Residential Rental MLS #: 11842749 Status: List Date: 07/26/2023 RNTD Area: 8007 List Dt Rec: 07/26/2023 Address: 2227 N Bissell St Unit G, Chicago, IL 60614 Directions: SHEFFIELD TO WEBSTER EAST 1 BLOCK TO BISSELLE Rented: Off Mkt: Year Built: Dimensions: Subdivision: Corp Limits: Coordinates: Rooms:

09/01/2023 09/01/2023 1890 25X125 Chicago N:2227 W:900 5

Bedrooms: 1 Basement: None Total Units: Unit Floor Lvl.: G # Stories: 3 Avail Furnished?:

Financing: Built B4 78:

Yes

Model: Township:

Hyde Park

Bathrooms 1/0 (Full/Half): Master Bath: None Bmt Bath: Board Approval: # Days for Bd Apprvl: Furnished Rate:

Buyer Ag. Comp.:1/2 MONTHS RENT- $150 (Net Lease Price) Mobility Score: -

Rent Price: Orig Rent Price: Rented Price:

$2,000 $2,000 $1,900

Lst. Mkt. Time: 38 Contingency: Curr. Leased: Yes Lease Expires: 07/31/2023 County: Cook # Fireplaces: Parking: None # Spaces: 0 Parking Incl.

In Price: Waterfront: No Appx SF: 1100 SF Source: Estimated Bldg. Assess. SF: Short Term Lease?:No Short Term Rate: Security Deposit:

Remarks: DEPAUL GARDEN UNIT. HAS GOOD LIGHT 5 ROOMS WITH DEN. HEAT AND ELECTRIC INCLUDED IN RENT. APARTMENT FRESHLY PAINTED AND CLEANED, GOOD SIZE APT WITH GENEROUS CLOSET SPACE. QUIET BUILDING IN WALKING DISTANCE TO BROWN AND RED LINE 'L' Free laundry . Garage parking may be possible School Data Pet Information Elementary: (299) Pets Allowed: Cats OK, Pet Count Limitation Junior High: (299) Max Pet Weight: High School:(299) Square Footage Comments:

Room Name Size Level Living Room 18X11 Main Level Dining Room 18X10 Main Level Kitchen 15X11 Main Level Family Room Not Applicable Laundry Room Interior Property Features: Exterior Property Features: Age:100+ Years Type:Flat Exposure: Exterior:Brick Air Cond:1 (Window/Wall Unit) Heating:Electric Kitchen: Appliances: Dining: Bath Amn: Fireplace Details: Fireplace Location: Electricity: Equipment: Additional Rooms:Den Other Structures: Door Features: Window Features:

Flooring

Win Trmt

Room Name Size Master Bedroom12X10 2nd Bedroom 3rd Bedroom 4th Bedroom Den 9X7

Laundry Features: Garage Ownership: Garage On Site: Garage Type: Garage Details: Parking Ownership: Parking On Site: Parking Details: Parking Fee (High/Low): / Driveway: Basement Details:None Foundation: Roof: Disability Access:No Disability Details: Lot Desc: Lot Size Source:

Level Main Level Not Applicable Not Applicable Not Applicable Basement

Flooring

Win Trmt

Sewer:Sewer-Public Water:Lake Michigan General Info:None Amenities: HERS Index Score: Green Disc: Green Rating Source: Green Feats: Lease Terms: Possession:Closing Management: Fees/Approvals: Monthly Rent Incl:Electricity, Heat, Water Available As Of:08/01/2023 Rural: Addl. Sales Info.: Broker Owned/Interest:No

Copyright 2023 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

NOTICE: Many homes contain recording devices, and buyers should be aware that they may be recorded during a showing.

MLS #: 11842749

Prepared By: Sophia Klopas | Berkshire Hathaway HomeServices Chicago | 11/07/2023 10:37 AM

1 BEDROOM COMPARABLE

Garden Unit Comparable -

Residential Rental MLS #: 11882864 Rent Price: $1,820 Status: List Date: 09/10/2023 Orig Rent Price: $1,820 RNTD Area: 8007 List Dt Rec: 09/11/2023 Rented Price: $1,841 Address: 1953 N Cleveland Ave Unit G, Chicago, IL 60614 Directions: North or South on Cleveland to address Lst. Mkt. Time: 10 Rented: 09/26/2023 Contingency: Off Mkt: 09/19/2023 Financing: Curr. Leased: Year Built: UNK Built B4 78: Yes Lease Expires: Dimensions: COMMON County: Cook Subdivision: Model: # Fireplaces: Corp Limits: Chicago Township: Lake View Parking: None Coordinates: N:1953 W:450 # Spaces: 0 Rooms: 4 Bathrooms 1/0 Parking Incl.

(Full/Half): In Price: Bedrooms: 1 Master Bath: None Waterfront: No Basement: None Bmt Bath: No Appx SF: 800 Total Units: Board Approval: SF Source: Landlord/Tenant/Seller Unit Floor Lvl.: G # Days for Bldg. Assess. SF: Bd Apprvl: # Stories: 3 Short Term Lease?: Avail Furnished?: No Furnished Rate: Short Term Rate: Security Deposit: Buyer Ag. Comp.:1/2 OF ONE MONTH'S BASE RENT MINUS $250 (Net Lease Price) Mobility Score: Remarks: Available now. Current special: get 1/2 off admin fee if apply within 48 hours of touring (credited toward rent)! Garden level 1 bedroom apartment - Bay windows in living room - New vinyl flooring installed throughout - Brand new kitchen w/ white quartz countertops, stainless steel appliances, espresso cabinetry - Dishwasher and built-in microwave - Updated bathroom w/ new sink, medicine cabinet, lighting - Heat included in the rent - Laundry access from apartment, laundry in building - Quick walk to the Brown Line, the Lake, Dining, Shopping, Nightlife - Online resident portal: pay your rent and submit maintenance requests. Off-street parking is $175 per month, based on availability. Lease Terms: $79 application fee per person. One time $350 admin fee per tenant, no security deposit. Pets are welcome, including cats and dogs, no weight limits or breed restrictions! There is a $250 pet fee per apartment and $30/month pet rent per pet. Tenants pay all utilities, including gas, electricity, cable/internet, and water/sewer/trash. Renter's insurance is required. Flexible lease terms are available. Pricing and availability can change without notice and can vary depending on the lease start date and length selected.

Photos are of the available apartment.

School Data Pet Information Elementary: (299) Pets Allowed: Additional Pet Rent, Cats OK, Dogs OK, Pet Count Limitation Junior High: (299) Max Pet Weight: 999 High School:(299) Square Footage Comments:

Room Name Size Level Living Room 13X16 Main Level Dining Room COMBO Main Level Kitchen 14X16 Main Level Family Room Not Applicable Laundry Room

Flooring Hardwood Hardwood Hardwood

Win Trmt

Room Name Size Master Bedroom12X16 2nd Bedroom 3rd Bedroom 4th Bedroom

Level Main Level Not Applicable Not Applicable Not Applicable

Flooring Hardwood

Win Trmt

Interior Property Features: Exterior Property Features: Age:81-90 Years, Rehab in 2016 Type:Flat Exposure: Exterior:Brick Air Cond:None Heating:Hot Water/Steam Kitchen: Appliances: Dining: Bath Amn: Fireplace Details: Fireplace Location: Electricity: Equipment: Additional Rooms:No additional rooms Other Structures: Door Features: Window Features:

Laundry Features: Garage Ownership: Garage On Site: Garage Type: Garage Details: Parking Ownership: Parking On Site: Parking Details: Parking Fee (High/Low): / Driveway: Basement Details:None Foundation: Roof: Disability Access:No Disability Details: Lot Desc: Lot Size Source:

Sewer:Sewer-Public Water:Public General Info:None Amenities: HERS Index Score: Green Disc: Green Rating Source: Green Feats: Lease Terms: Possession:Negotiable Management: Fees/Approvals: Monthly Rent Incl:Exterior Maintenance, Lawn Care Available As Of:09/11/2023 Rural: Addl. Sales Info.: Broker Owned/Interest:No

Copyright 2023 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

NOTICE: Many homes contain recording devices, and buyers should be aware that they may be recorded during a showing.

MLS #: 11882864

Prepared By: Sophia Klopas | Berkshire Hathaway HomeServices Chicago | 11/07/2023 10:37 AM

UNIT 1 LIVING ROOM

UNIT 1 KITCHEN

UNITS 1 & 2 FULL BATH

UNITS 1 & 2 HALF BATH

UNITS 1 & 2 LAUNDRY

UNIT 2 LIVING ROOM

SPECS SUBJECT TO CHANGE

UNIT 2 KITCHEN

UNIT 2 LIVING ROOM

UNIT 3R KITCHEN

UNIT 3R BATHROOM

UNIT 3R SHOWER

UNIT 3F KITCHEN

GARDEN UNIT KITCHEN

SPECS SUBJECT TO CHANGE

GARDEN UNIT BATHROOM

BUILDING ENTRY WAY

GARDEN UNIT

Garden level laundry & storage

Garden Unit

Unit #1 UNIT #1

FLOORPLANS ARE APPROXIMATE AND ARE FOR MARKETING PURPOSES ONLY

Unit #2

UNIT #2

FLOORPLANS ARE APPROXIMATE AND ARE FOR MARKETING PURPOSES ONLY

NEIGHBORHOOD 548FULLERTON.COM

L I N C O L N P A R K

Klopas Stratton ABOUT US

2023

22

YEARS I N B U S I N E S S OVER

1.2 Billion IN CAREER SALES

1%

IN CHICAGOLAND, FOR THE LAST 15 YEARS

5

STAR RATING

KlopasStratton.com

Sophia Klopas

312.927.0334 sklopas@bhhschicago.com

Jason Stratton

312.415.1551 jstratton@bhhschicago.com

Paul Waitz

312.925.9328 pwaitz@bhhschicago.com

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