Residential Income Property with
New
For Sale
$550,000
345 W Fullerton Parkway #1701, Chicago, IL 60614
A corner residence pairs a split-bedroom layout with in-unit laundry and shared building amenities.
Property Size1,100 SF
Days on Market5
Property Features for 345 W Fullerton Parkway #1701
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
24-hour door staff
fitness center
sundeck
in-unit laundry
garage parking
Building Details
Building Size
1,100 SF
Year Built
1973
Buildings
1
Listing Agency:
Jameson Sotheby's Intl Realty
Listed By:
Mark Dollard
(773) 677-2529
Source:
Chicago-home-listings.kw
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jameson Sotheby's Intl Realty
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath corner residence in a high-rise building has an open living and dining area, a breakfast bar, and a split-bedroom plan. The primary bedroom includes a walk-in closet and en suite bath; the second bedroom sits across the living space, near the other full bathroom. In-unit laundry is included. The building, constructed in 1973, has 24-hour door staff, a fitness center, a sundeck, and garage parking with valet or self-park options.
At 345 W Fullerton Parkway in Chicago, the residence is across from Lincoln Park and has views that include the park, lakefront, and skyline. The zoo, lakefront trails, and Clark Street businesses are nearby, with access to Lake Shore Drive and public transportation.
At 345 W Fullerton Parkway in Chicago, the residence is across from Lincoln Park and has views that include the park, lakefront, and skyline. The zoo, lakefront trails, and Clark Street businesses are nearby, with access to Lake Shore Drive and public transportation.
Key Highlights
- 2 bedrooms and 2 full bathrooms in a split‑bedroom layout
- Corner residence with views of Lincoln Park, the lakefront, and the Chicago skyline
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,862
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,240
$337.2K
Cap Rate 7%
$240,886
$240.9K
Cap Rate 9%
$187,356
$187.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$32.3K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.7K $27.87/SF
− OpEx
−$13.8K −$12.54/SF
NOI
$16.9K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,240
Cap Rate 7%
$240,886
Cap Rate 9%
$187,356
Alternative Uses
Best Use
Apartment 5plus
$240.9K
$210.8K – $281.0K
NOI $16,862 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.6K
$453.8K – $605.1K
NOI $36,305 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A corner residence pairs a split-bedroom layout with in-unit laundry and shared building amenities.
Where is this residential income property located?
The property is located at 345 W Fullerton Parkway #1701 Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms in a split‑bedroom layout; Corner residence with views of Lincoln Park, the lakefront, and the Chicago skyline; In‑unit washer and dryer
