Address
851 N Fairfield Avenue, Chicago, IL
Price
$ 1,775,000
Property Attributes
  • MLS#11378184
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - West Town
  • NeighborhoodHumboldt Park
  • Zip60622
  • StyleTri-Level
  • Year Built1883
  • Taxes$ 12618
  • Price$ 1,775,000
  • Bedrooms10
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage5196
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Here's a rare opportunity to purchase a turnkey 4-unit, two building Property in one of the most exciting areas of West Town adjacent to Smith Park and California corridor. All units have wood floors throughout, custom wood windows and millwork, NEW SS appliances, quartz countertops, gas forced air, NEW in unit laundry and amazing outdoor space. The front building features a 2500 square foot duplex up unit with four large bedrooms, three bathrooms, chef's kitchen with Wolf stove/grill, laundry room, two large decks, attic, tons of closet & storage space, custom wood windows, solid oak doors and trim. The rear Coach house features two units with one of the units rented through Airbnb and VRBO...bringing in an average of 4,000 a month. Easy walk to tons of dining options and parks. This property is a cash cow bringing in $172,500 gross annual rental income. This is a one-of-a-kind property. Please view the floor plans and survey. MAKE AN APPOINTMENT, BRING A CONTRACT AND YOU WILL SEE WHY THIS IS BETTER THAN THE REST. OWNER IS A LICENCED REALESTATE BROKER.24 HRS PLS.

Price History
4/18/2022 Listed $1,875,000
6/6/2022 6% - $1,775,000

General Features

Architectural Style Tri-Level
Basement English
City Chicago
County Cook
Days on Market 54
Directions Chicago Ave to Fairfield, North on Fairfield to 851
Electric Expense 600
Elementary School District 299
Grossincome 172500
Heating Natural Gas
High School District 299
Insurance Expense 3000
MLS Area CHI - West Town
Middle/Junior School District 299
Net Operating Income 151482
New Construction No
Ownership Fee Simple
Possession Closing
Property Type Two to Four Units
Property Type Residential Income
Roof Asphalt
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Fairfield
Tax Annual Amount 12618
Tax Year 2020
Total Rooms 18
Township West Chicago
Water Sewer Expense 2400
Waterfront Y/N No
Year Built 1883
Zoning MULTI

Interior Features

Basement Finished, Exterior Access, Concrete (Basement)
Bathrooom Whirlpool
Bedrooms Possible 10
Full Baths Building 7
Room Type Den
Street Suffix Avenue
Total Baths 7
Total Bedrooms 10

Exterior Features

Exterior Brick, Stucco
Lot Dimensions 25X126
Other Equipment Security System, CO Detectors, Ceiling Fan(s), Sump Pump
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60622

Price
AVG $1.14M
$1.78M
Taxes
AVG $12,706
$12,618
Visits
AVG 33
22
Year Built
AVG 1899
1883
Walkscore
AVG 93
89
Data Provided by Walkscore ® not using MLS data