4335 W Fullerton Avenue
Chicago, IL 60639

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Description

A Beautiful, up kept, red brick building on the corner of Fullerton and Lowell featuring 4 legal Residential units, and an additional commercial office space. This is a verified 5 unit building on an updated zoning cert. Building has coin-op laundry facilities, massive storage area (perfect for workshop), and parking! This rare mixed-unit beauty is fully rented, fully operational, and self-maintaining with a long-term, carpenter-tenant in-house! This turnkey mixed-use property in vibrant Hermosa Village delivers exceptional investment value with stable, high-yield income. Recent upgrades include a newer roof and tuck-pointing completed in 2021 (Full tear-off). With strong cash flow, a competitive cap rate, and excellent returns, this property is a rare opportunity for savvy investors. (See brokers comments for additional savings on utilities!)

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60639
• Year Built: 1915
• Sq.Ft.: 4,600 sq ft
• Stories: 2
• Units: 5 units
• Zoning: COMMR
• # Of Apts: 4
• # Of Dryers: 1
• # Of Offices: 1
• # Of Tenants: 5
• # Of Washers: 1
• Approximate Age: Older
• Building Area Total: 4600
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Office Only
• Directions: North Ave. to Pulaski, North on Pulaski, Pulaski to Fullerton, Head west to 4335 W. Fullerton and Lowell.
• Electric: Circuit Breakers
• Electric Expense: 1392
• Electric Expense Source: Actual
• Expense Year: 2024
• Fire Protection: Alarm Monitored, Fire Extinguisher/s, Carbon Monoxide Detector(s)
• Flooring: Wood
• Foundation Details: Concrete Perimeter
• Fuel Expense: 2208
• Fuel Expense Source: Actual
• Geographic Locale: Chicago West
• Gross Income: 87612
• Gross Rent Multiplier: 7.93
• Gross Scheduled Income: 87612
• Heat/Ventilation: Forced Air
• Information: Short Notice OK
• Insurance Expense: 3989
• Insurance Expense Source: Actual
• Lot Size Square Feet: 3125
• Main Type: Commercial Sale
• Office SqFt: 1200
• Operating Expense: 15500
• Original Rental Price: 17.15
• Outdoor Parking: 1-5 Spaces
• Property Sub Type: Mixed Use
• Rental Price: 17.15
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 6502.2
• Tax Year: 2023
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 7301
• Township: Jefferson
• Trash Expense: 400
• Trash Expense Source: Actual
• Water Drainage: Storm Sewers
• Water Expense Source: Actual
• Water Sewer Expense: 1400