Two-Unit Mixed-Use Brick
5110 West Fullerton Avenue Chicago, IL 60639
5110 West Fullerton Avenue, Chicago, IL, 60639
$549,900
For Sale
$549,900
Brick mixed-use property with first-floor office/retail space and a remodeled two-bedroom residential unit.
Property Size3,125 SF
Price / SF$175.97
Days on Market102
Property Features for 5110 West Fullerton Avenue
General Information
- Standard status
- Active
- Size
- 3,125 SF
Building Details
- Year Built
- 1968
Listing agency
HomeSmart Connect LLC
(773) 715-4652
Listed by
Ana Lozano · License #471006239
(773) 715-4652
Source
Compass
Added: Apr 12 Updated: Jul 22 at 2:45AM Checked: Jul 22 at 2:45AM
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 HomeSmart Connect LLC
Investment Insights
Based on property information with market context.
This 2-flat mixed-use brick building offers office/retail space on the first floor and a second-floor rental unit. The property includes two remodeled restrooms on the commercial level (one for women and one for men), and an additional special backroom that was previously rented along with second-floor use.
The second-floor unit features a remodeled apartment with hardwood floors, an open floor plan, and bright recessed lighting throughout. The updated kitchen includes white cabinetry and granite countertops, and the layout offers a spacious living and dining area, a master bedroom with double closets, a second bedroom with French doors, a ceramic tile bathroom, and a laundry room. A private wood deck provides outdoor space with views to the backyard.
Additional improvements include replaced windows, vinyl siding, central air throughout, and two furnaces (one electric and one gas) with two central air compressors. The property also has a 2-car garage and features a backyard with privacy fencing and a patio-door connection.
The second-floor unit features a remodeled apartment with hardwood floors, an open floor plan, and bright recessed lighting throughout. The updated kitchen includes white cabinetry and granite countertops, and the layout offers a spacious living and dining area, a master bedroom with double closets, a second bedroom with French doors, a ceramic tile bathroom, and a laundry room. A private wood deck provides outdoor space with views to the backyard.
Additional improvements include replaced windows, vinyl siding, central air throughout, and two furnaces (one electric and one gas) with two central air compressors. The property also has a 2-car garage and features a backyard with privacy fencing and a patio-door connection.
Key Highlights
- 1968 brick mixed‑use building with first‑floor office/retail space and a remodeled 2nd‑floor 2‑bedroom rental unit
- 2 remodeled restrooms on the property, including one women’s restroom and one men’s restroom
- 2nd‑floor unit features hardwood floors, an open floor plan, and bright recessed lighting
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.3k | $27.60 |
| − Vacancy | −$8.6k | −$2.76 |
| EGI | $77.6k | $24.84 |
| − OpEx | −$29.1k | −$9.32 |
| NOI | $48.5k | $15.53 |
3,125 SF · lease $27.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$753.8K
$659.6K – $879.5K
NOI $52,769 @ 7.0% cap · market cap 9.60%
Second Best
Mixed Use
$693.1K
$606.5K – $808.6K
NOI $48,516 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,720 @ 7.0% cap · market cap 17.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
State Farm Insurance
Insurance Agency
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FAQs
What type of property is this?
Mixed-use property - Brick mixed-use property with first-floor office/retail space and a remodeled two-bedroom residential unit.
Where is this mixed-use property located?
The property is located at 5110 West Fullerton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1968 brick mixed‑use building with first‑floor office/retail space and a remodeled 2nd‑floor 2‑bedroom rental unit; 2 remodeled restrooms on the property, including one women’s restroom and one men’s restroom; 2nd‑floor unit features hardwood floors, an open floor plan, and bright recessed lighting
