For Sale
$3,099,000

3919 Fullerton AveChicago, IL 60647

67 Studio Hotel, Huge Potential!

Overview

Added:
Feb 3
Days on market:
62
This exceptional mixed-use property located at 3919 W Fullerton Avenue in Chicago's vibrant Logan Square neighborhood presents a rare investment opportunity. Currently operating as a Single Room Occupancy (SRO) hotel with a valid hotel license, this property boasts 67 individual studio units, offering significant income potential. The building's operational efficiency is enhanced by a recently installed new boiler, minimizing maintenance concerns and ensuring reliable functionality. The property's unique configuration as an established SRO with a hotel license is a highly sought-after characteristic, presenting a distinct advantage in the competitive Chicago real estate market. This turnkey operation requires minimal immediate capital expenditure, allowing for immediate cash flow generation. The substantial number of rental units provides a strong foundation for long-term financial growth and stability. Given the high demand for rental units in the area, and the existing operational infrastructure, this property represents a compelling investment for both seasoned and emerging real estate investors. The property is being offered at $3,099,000. Serious inquiries only. Please refrain from contacting tenants or employees directly.

Property Details for 3919 Fullerton Ave

Property type
Mixed-use properties
Year Built
1947

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.92422
Longitude
-87.7251
3919 Fullerton Ave, Chicago, Illinois

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3919 Fullerton Ave
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