Exceptional 4-unit investment opportunity featuring four spacious 2-bed /1-bath apartments with a strong, stable tenant base providing immediate continuity of income and owner-occupant opportunity. The property has undergone extensive capital improvements, including a full roof and chimney rebuild with warranty, exterior stairs and railings, two newer furnaces, updated hot water heaters, and recent tuckpointing. Unit 1F was fully remodeled in 2025 with a new kitchen, appliances, bathroom, and flooring. The building offers significant upside potential with below-market rents, plus value-add opportunities through further unit enhancements, potential in-unit laundry, and the possibility to expand into the basement or attic for additional income streams. Ideal for both investors seeking yield and owner-occupants looking to offset expenses through rental income, this is a well-maintained asset with strong fundamentals and room to grow.
Property Details
Price:
$600,000
MLS #:
MRD12603530
Status:
Active Under Contract
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chisouthlawndale
Listed Date:
Apr 14, 2026
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Financial
Tax Year
2024
Taxes
$8,325
Map
Community
- Address2127 S FAIRFIELD Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60608
Market Summary
Current real estate data for Multi Family in Chicago as of May 15, 2026
1,374
Multi Family Listed
78
Avg DOM
$514,870
Avg List Price
Property Summary
- 2127 S FAIRFIELD Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60608. It is listed for $600,000
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Copyright 2026. All rights reserved.
2127 S FAIRFIELD Avenue
Chicago, IL


