1851 N Fairfield Avenue Chicago, IL 60647
Listing Courtesy of: MLS LogoMidwest Real Estate Data as distributed by MLS GRID / Listed By: Circle One Realty

  1851 N Fairfield Avenue Chicago, IL 60647

Active (0 Days)
$890,000 (USD)
5
BED
3
BATH

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.

MLS #:
12770505
Taxes
$10,808(2024)
Type
Multifamily
Year Built
1875
Style
Traditional
School District
299
County
Cook County

Listed By

Ryan Cherney, Circle One Realty
Source
Midwest Real Estate Data
Last checked Sep 27 2026 at 6:40 PM GMT+0000
Bathroom Details
Property Features
  • Foundation: Stone
  • Foundation: Brick/Mortar
Heating and Cooling
  • Forced Air
  • Natural Gas
Basement Information
  • Finished
  • Partial
Exterior Features
  • Roof: Rubber
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
Parking
  • Garage Door Opener
  • Garage Owned
  • Garage
  • Detached
  • Yes
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 9/27/2026 18:40. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.