2127 South Fairfield, Chicago IL 60608
$600,000

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Property Description

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.

Features & Information

Key Details

  • List Price $600,000
  • Property Taxes $8,325.18
  • Price/ Sq. Ft. Unavailable
  • Year Built U
  • Parking Type None
  • Status Contingent

Rooms

  • Total Rooms 16
  • Basement F

Exterior Features

  • Parking

  • Parking Details None
  • # of Cars:  0

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 None
  • Unit 2 None
  • Unit 3 None
  • Unit 4 None

Location

  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property Cermak Rd. To Fairfield (one Block E Of California)
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 8325.18
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 16244220110000

Utilities

  • Sewer Sewer-Publ

Listed by: @properties Christie's International Real Estate | Phone: 312.254.0200
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/30/2026 4:32 AM. 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.

Explore Little Village

Little Village, or South Lawndale as it was formerly known, is an area ripe with culture. Today it is a predominantly Mexican-American neighborhood, but in years past it has been host to ethnic groups such as Italians, Czechs, Irish, Croatians and Slovenians. These days, Little Village is fast becoming a popular neighborhood for young families looking for quality housing at affordable prices. New condominiums and vintage flats are a big draw for first-time homebuyers, while detached homes and brick bungalows catch the eye of families and folks who like a little more space. The neighborhood's strong Hispanic heritage is apparent in the multitude of excellent Mexican restaurants, Spanish-named stores and specialty grocery items you can get here. And there is no doubt Little Village residents take pride in their roots when the Mexican Independence Day Parade comes through each year, serenaded by mariachi bands and a sea of spectators dressed in Mexico's colors – red, white and green.

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