4500 W. Fullerton Avenue Chicago, IL 60639
Property profile & analytics
4500 W. Fullerton Avenue Chicago, IL 60639
- Retail residential properties
- 4,500 SF
- 0.32 lot acres
Property ID
US28-1554529
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- William Cawley, DC / Alternative Medicine Practice
- David J. Cunningham, DC / Alternative Medicine Practice
- Avanzado Quiropractico, S.C. / Alternative Medicine Practice
- Advanced Pain Care MD / Physician
- Ring Barry S MD / Physician
Property Details for 4500 W. Fullerton Avenue
- Year built
- 1928
- Lot size
- 0.32 lot acres
- Property size
- 4,500 SF
- Property type
- Retail residential properties
- APN
- 13-27-326-027
- APU
- 1327326027
Description
This exceptional 36-unit apartment building, located at 4500 W Fullerton Ave in Chicago's Hermosa neighborhood, presents a compelling investment opportunity. The property boasts 32 residential units—comprising 12 one-bedroom/one-bathroom, 12 two-bedroom/one-bathroom, and 8 three-bedroom/one-bathroom units—and four ground-floor commercial spaces. All residential units have been cosmetically updated with modern kitchens and bathrooms. Building features include a new 1600 amp electrical service, copper plumbing throughout, and a recently installed silver-coated roof (2023). Extensive masonry and tuckpointing were completed in 2024. Each apartment has individual heating and separate meters. The building also offers an on-site laundry facility and central air conditioning for the retail units (2024). The property benefits from its location along Fullerton Avenue, providing tenants easy access to public transit and numerous retail options. A wall advertising sign on Fullerton Avenue generates additional income. An assumable Fannie Mae loan is available with a balance of $4,155,000, a 4.02% interest rate, and an April 2032 maturity date. The building's strong cash flow offers an in-place cap rate exceeding 6%, with potential for a 7.91% cap rate and over 11% cash returns through improved management and rent optimization. The total square footage is 32,800, with an asking price of $6,250,000. Two 100-gallon hot water tanks are also on site.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,165,000
- 6.5%
- $1,075,000
- 7%
- $1,000,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7393
- Latitude
- 41.9247
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$76,141
$25,025
$343,903
$368,928
-
$250,250
$3,439,030
$3,689,280
