2313 W Fullerton Avenue
Chicago, IL 60647

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Description

Fully gut-renovated mixed-use property in Bucktown, zoned C1-2, with a one-story commercial building in the front, two-unit residential building in the rear and a storage unit in the basement. The commercial space has three offices, a kitchen, and a bathroom. Each residential unit offers two bedrooms, one bathroom, and in-unit laundry. The first-floor residential unit includes an attached one-car garage with storage. Renovation work included demolition and rebuilding of the second floor and roof, full tuckpointing, new closed-cell foam insulation, new windows and doors, and all-new utility systems. Upgrades include a new water line, storm sewer system, and 600-amp commercial electrical service. Interior finishes in the residential units include new cabinets, hardwood flooring, and tiled showers; the commercial unit features new cabinets, carpet, LVT flooring, and tiled showers. The property generates $92,520 in annual gross income, including $750 per month from a basement rental with electricity included as part of the common area. The commercial tenant is on a three-year NNN lease with minimum 5 percent annual rent increases. Located in a high-traffic area with over 23,000 cars passing daily, the property allows for signage over 100 sq. ft. per current code. It is two blocks from parks, a 15-minute walk to the Blue Line, minutes to a shopping center, and near expressway access.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60647
• Year Built: 1892
• Stories: 2
• Units: 3 units
• Zoning: MULTI
• # Of Apts: 2
• # Of Offices: 3
• # Of Stores: 1
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Head West on Fullerton from downtown Chicago. Property will be on the left hand side just past the highway.
• Electric: Over 600 Amps
• Electric Expense: 260
• Electric Expense Source: Broker Projection
• Flooring: Wood
• Fuel Expense Source: Broker Projection
• Geographic Locale: Chicago North
• Gross Income: 92520
• Gross Scheduled Income: 92520
• Heat/Ventilation: Electric, Forced Air
• Indoor Parking: Attached
• Information: Short Notice OK
• Insurance Expense: 3400
• Insurance Expense Source: Broker Projection
• Location: Mixed Use Area, High Traffic Area
• Lot Size Square Feet: 2800
• Main Type: Commercial Sale
• Misc Inside: Multi-Tenant, Private Restroom/s, Public Restroom/s, Basement
• Other Expense Source: Broker Projection
• Property Sub Type: Mixed Use
• Tax Annual Amount: 10696
• Tax Year: 2023
• Tenant Pays: Electricity
• Total Monthly Income: 7710
• Trash Expense Source: Broker Projection
• Water Drainage: Storm Sewers
• Water Expense Source: Broker Projection
• Water Sewer Expense: 600