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1552 W Fullerton Ave
Chicago, IL 60614 DePaul

$253,000 USD

Apartments Condo For Sale  •  800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,048 SF
  • Lot Size 0.07 AC
  • Building Class B
  • Year Built 2000
  • Zoning B3-2, Chicago
90 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Office/Retail 800 SF $253,000 USD
  • Unit Size: 800 SF
  • Condo Use: Office/Retail
  • Price: $253,000 USD
  • Sale Type: Investment
  • Price/SF: $316.25 USD
Description
•	Large, tinted all-glass storefront frontage offering visibility and abundant natural light.
•	Interior configuration includes a reception area, private offices and ADA-compliant restroom.
•	Central individual air conditioning.
•	Existing retail and office configuration offers future reuse flexibility following the current lease term.
•	Compact asset size excellent for an investor seeking an accessible Chicago commercial real estate investment.
•	Low entry-price real estate investment with a NNN lease structure limits the owner’s operating-expense exposure without the management requirements of a larger multi-tenant building. The existing lease provides in-place income without an immediate lease-up requirement.

Sale Notes
Acquire an ~800-square-foot, first-floor commercial condo on Fullerton Avenue in Chicago’s Lincoln Park neighborhood. The property is leased to national tenant, Rentokil, under a NNN lease with over two years remaining, offering in-place income at an 8.64% cap return in a compact urban investment format.

Description 

•	Large, tinted all-glass storefront frontage offering visibility and abundant natural light.
•	Interior configuration includes a reception area, private offices and ADA-compliant restroom.
•	Central individual air conditioning.
•	Existing retail and office configuration offers future reuse flexibility following the current lease term.
•	Compact asset size excellent for an investor seeking an accessible Chicago commercial real estate investment.
•	Low entry-price real estate investment with a NNN lease structure limits the owner’s operating-expense exposure without the management requirements of a larger multi-tenant building. The existing lease provides in-place income without an immediate lease-up requirement.

Amenities

  • Air Conditioning
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 12 min 0.6 mi
Healy Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 3.1 mi
Transit/SubwayDriveWalkDistance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 12 min 0.6 mi
Fullerton Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"), Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 16 min 0.8 mi
Armitage Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 20 min 1.1 mi
AirportDriveWalkDistance
Chicago Midway International 23 min - 12.4 mi
Chicago O'Hare International 22 min - 14.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
James Scully 312-337-0200 @properties Commercial
James Scully 312-337-0200 @properties Commercial