BEDS5
BATHS3 full
MLS#12770505
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
Property Description
Wonderful fully rented three-flat in a highly sought-after neighborhood offering immediate income with significant upside potential. Current rents are below market, providing an excellent opportunity for increased cash flow and future value growth. Ideally located just steps from the 606 Trail and within walking distance of the CTA Western Blue Line, with convenient access to I-90/94, this property is positioned in one of Chicago's most desirable rental markets. The building has been well maintained and features numerous updates throughout. Each unit is separately metered and equipped with its own gas-forced air furnace, central air conditioning, and water heater. All units include granite countertops, refrigerator, oven/range, dishwasher, and microwave. Units 1 and 2 feature hardwood flooring, while the garden unit offers durable epoxy floors. Additional income is generated by the detached two-car brick garage, currently leased separately for $350 per month. Residents also enjoy front and rear outdoor spaces, along with on-site Speed Queen commercial laundry featuring a convenient cashless mobile payment system. A turnkey investment opportunity in a premier Chicago neighborhood with strong rental demand and excellent long-term appreciation potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Partial
Garage: 2
Heating: Natural Gas, Forced Air
Home Style: Traditional
Lot Size: 0.07 Acres
Roof Type: Asphalt, Rubber
Taxes: $10,808
Year Built: 1875
Feature Descriptions
Exterior: Vinyl Siding, Brick
Lot Dimensions: 25x126
Parcel#: 13364100040000
Parking: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 19
Township: West Chicago
Water: Lake Michigan
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: Circle One Realty
Agency Phone: 630-528-2300
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 3,141.00 per month $1,980.75 Principal & Interest $900.67 Property Tax $259.58 Homeowner's InsuranceChange Payment Information
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1851 N Fairfield Avenue | MLS# 12770505
This multi-family property located at 1851 N Fairfield Avenue, Chicago, IL 60647 is currently listed for sale with an asking price of $890,000. N Fairfield Avenue is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.