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 Details
Price:
$890,000
MLS #:
MRD12770505
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
chilogansquare
Listed Date:
Sep 27, 2026
Year Built:
1875
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Architectural Style
Traditional
Community Features
Other
Construction Materials
Vinyl Siding, Brick
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Patio
Roof
Asphalt, Rubber
Financial
Tax Year
2024
Taxes
$10,808
Map
Community
- Address1851 N Fairfield Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60647
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 06, 2026
1,372
Multi Family Listed
78
Avg DOM
$530,770
Avg List Price
Property Summary
- 1851 N Fairfield Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60647. It is listed for $890,000
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Copyright 2026. All rights reserved.
1851 N Fairfield Avenue
Chicago, IL


