4500 W Fullerton Ave. is a 36 unit mixed-use property in Chicago's Hermosa neighborhood, just a 1.5 mile walk to the Healy Metra stop and The 606. The subject property is currently comprised of Thirty-Two (32) apartments which consist of a mix of 1Bdr, 2Bdr, and 3Bdr units along with four (4) street front retail spaces. The property underwent a full renovation in 2016 which included: fully renovated units and common areas, new 1600 amp electric service, a newly constructed laundry room, new lentils (some new windows), a new security system, and extensive landscaping. In unit renovations included complete
new kitchens, bathrooms, flooring, carpeting, plumbing, and electrical. There is also attractive debt that a qualified buyer has the ability to assume: 4.02% Interest Rate, April 1, 2032 Maturity Date, Approximate $4,155,000 Loan Balance (74% LTV at List Price).

This opportunity exists in a sub-market continuing to grow and appreciate and also offers value-add upside via in unit modernization. Investors have the opportunity to modernize kitchens with the addition of in unit dishwashers and new granite counter tops, cabinetry and stainless steel appliances to increase rents and realize a large increase in overall income and value.