Mixed-Use Building with
New
For Sale
$1,100,000
3901 W Fullerton Avenue, Chicago, IL 60647
The property combines ground-floor commercial space with three apartments and a two-car brick garage.
Property Size4,050 SF
Price / SF$271.60
Days on Market4
Property Features for 3901 W Fullerton Avenue
General Information
Standard status
Active
Size
4,050 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Zoning
MULTI
Site & Location
Neighborhood
Logan Square
Highway Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$10,280
Amenities
basement storage
individual central air, heat and electric
hardwood floors
street parking
public transportation
City Street
25 x 125
4050
Building Details
Building Size
4,050 SF
Year Built
1916
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX 10
(708) 787-2808
Listed By:
Christina Rafidia
Source:
Kawashgroup
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
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 RE/MAX 10
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Investment Insights
Based on property information with market context.
This 4,050-SF mixed-use building, constructed in 1916, has a 1,209-SF commercial unit on the ground floor and three apartments above. The residential mix includes two two-bedroom, one-bath units and one three-bedroom, one-bath unit. Apartments feature hardwood flooring and separate central air, heat, and electric service. Basement space provides storage, and a brick garage accommodates two cars.
The property is on W Fullerton Avenue in Chicago. Public transportation is nearby, with a Metra station approximately one block away, a Blue Line station about one mile away, and I-90 in the area.
The property is on W Fullerton Avenue in Chicago. Public transportation is nearby, with a Metra station approximately one block away, a Blue Line station about one mile away, and I-90 in the area.
Key Highlights
- 4,050‑SF mixed‑use building constructed in 1916
- 1,209‑SF ground‑floor commercial space
- Three apartments: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,344
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,880
$1.4M
Cap Rate 7%
$976,343
$976.3K
Cap Rate 9%
$759,378
$759.4K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$121.5K $30.00/SF
− Vacancy
−$12.2K −$3.00/SF
EGI
$109.4K $27.00/SF
− OpEx
−$41.0K −$10.13/SF
NOI
$68.3K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,880
Cap Rate 7%
$976,343
Cap Rate 9%
$759,378
Alternative Uses
Best Use
Mixed Use
$976.3K
$854.3K – $1.14M
NOI $68,344 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$886.9K
$776.0K – $1.03M
NOI $62,083 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,669 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines ground-floor commercial space with three apartments and a two-car brick garage.
Where is this mixed-use property located?
The property is located at 3901 W Fullerton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,050‑SF mixed‑use building constructed in 1916; 1,209‑SF ground‑floor commercial space; Three apartments: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
