Opportunity knocks in this gut-rehabbed three-flat that delivers turnkey cash flow just minutes from the Illinois Medical District and a quick commute to downtown Chicago. This combination keeps this property in steady demand from a strong mix of mid-term and long-term tenants and generates $9,350 in monthly income. Every unit has been renovated to the same standard: 3 bedrooms, 2 full bathrooms, open floor plans, hardwood floors, and abundant natural light throughout. Oversized living and dining areas suit both daily living and entertaining, while the modern kitchens feature stainless steel appliances, soft-close cabinetry, quartz countertops, and a breakfast bar. All three units come equipped with brand new 4-piece appliance packages. Primary suites offer generous closet space and a contemporary en-suite bath with a European-style shower. Major systems have been fully updated for peace of mind, including a brand new sewer line, sump pump, and ejector pit, along with a new fence along the south elevation. In-unit laundry and three exterior tandem parking spaces complete the offering. With its proximity to the Cinespace, Illinois Medical District, St. Anthony Hospital, Mount Sinai Hospital, the West Loop, and easy access to I-290 and I-55, this property pairs stabilized income with an excellent location.
Property Details
Price:
$899,900
MLS #:
MRD12756675
Status:
Active
Beds:
9
Baths:
6
Type:
Multi Family
Neighborhood:
chinorthlawndale
Listed Date:
Sep 25, 2026
Year Built:
1893
See this Listing
Schools
School District:
299
Elementary School:
Chalmers Elementary School Speci
Middle School:
Chalmers Elementary School Speci
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Other Structures
None
Parking Features
Off Alley, Alley Access, Oversized, Yes, Owned
Parking Spots
6
Parking Total
6
Roof
Flat
Financial
Tax Year
2025
Taxes
$6,433
Map
Community
- Address1246 S Fairfield Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60608
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 04, 2026
1,410
Multi Family Listed
77
Avg DOM
$528,924
Avg List Price
Property Summary
- 1246 S Fairfield Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60608. It is listed for $899,900
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Copyright 2026. All rights reserved.
1246 S Fairfield Avenue
Chicago, IL


