Multi-Family•Low-Rise/Garden•For Sale

3401-09 W Fullerton Ave, Chicago, Illinois 60647

Sale Price $2,499,000
Sale Type Investment
Zoning B3-1
Bldg Type Multi-Tenant
Year Built 1907
Stories 3
Cap Rate 5.59%
Vacancy 91%
Gross Bldg 19,000 SqFt
Land Area .26 Acres
Project Size 14
Improvements Mixed use building
Net Op Inc $139,809
Market Chicago
Sub-Market Logan Square
Keller Williams Commercial is pleased to bring to marker 3401-3409 Fullerton, a 14 unit mixed use building. The property consists of 4 Retail units and 10 apartments. The building is made of 5 - 2 bedroom 1 bath units, 2 - studio, 2 - 4 bedroom 2 bath units and 1 - 2 bedroom 2 bath unit. Also there is off street parking. Improvements done: New Roof this year for 3407-3409 Fullerton, Roof repaired in 2017 on 3401-3505 Fullerton. New this year water heater in 3405 Fullerton, New furnace and flute at 3409 Fullerton October 2019. Porches where replaced in 2016. Cheap eats and bike-friendly streets. Gourmet coffee, scruffy dive bars and artisanal cocktail lounges. Some may say it's a recipe for a hipster haven but there's a proud, working-class sensibility that keeps this Northwest Side neighborhood grounded. In Logan Square, the strong neighborly connection is evident all around, from active preservation groups to community gardens and a locally-run farmers market. "Local" being the key word when describing many aspects of the scene: ingredients are sourced locally at their buzz-worthy restaurants; corner taps tout local, craft brews; galleries showcase local artists; and concerts and street fests promote local, upstart bands. At the heart of this community is the actual "square" in Logan Square. It comes together at the intersection of Kedzie and Logan Boulevard, where a circle interchange meets with Milwaukee Avenue. The boulevards themselves are widened thoroughfares that are set apart by grassy, landscaped medians and tall, stately trees that border both its sides. The neighborhood boasts four of them in total and these link together to form Chicago's "Emerald Necklace," an expansive system of interconnected parks and streetscapes dotted with beautifully-restored mansions, handsome greystone homes and majestic churches.
  • Busy Corner
  • Close to Retail
  • On Site Parking
  • 11,125 square foot lot
  • Up Side Potential - rehab units
  • Easy access to Public Transportation
10/4/2019 6:00:54 PM 1/22/2020 4:56:17 PM
David Piotrowski
Senior Commercial Broker
KW Commercial | Park Ridge


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