3919 Fullerton AveChicago, IL 60647

Property Details for 3919 Fullerton Ave

Year built

1931

Lot size

0.14 AC

Property size (Sq ft)

21,200 SF

Property type

Retail properties

Property subtype

Retail space

APN

13-35-101-002

APU

1335101002

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9242

Longitude

-87.7251

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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