1851 N Fairfield Avenue, Chicago IL 60647
Property 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.
Features & Information
Key Details
- List Price $950,000
- Property Taxes $10,808
- Year Built 1875
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 7
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Range Hood, Hardwood Floors
- Rent $1,720/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 05/27
-
Unit 2
- Floor 2
- Rooms 7
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Range Hood
- Rent $2,000/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 10/27
-
Unit 3
- Floor b
- Rooms 4
- Beds 1
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Range Hood
- Rent $1,570/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 6/27
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property One Block East Of California Ave. The 4th Property South Of Cortland St.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 10808
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 13364100040000
Listed by Ryan Cherney for Circle One Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/14/2026 4:32 PM. 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 Logan Square
Logan Square is a diverse, family-friendly neighborhood with a growing number of restaurants, nightlife and stores, and so much green you'll forget you're in the city. Wide, landscaped boulevards are characteristic of Logan Square – remnants of the past that continue to define the area today. Off the boulevards are a hodgepodge of residences that cover every housing preference, from old mansions to contemporary condominiums. Local eateries and cafés are favorites among Logan Square inhabitants who will find an extensive selection of dining options in all directions. A handful of bars are thrown into the mix, as are theaters and other entertainment venues. Logan Square also offers a decent assortment of retail outlets that embrace both national name brands and those of the homegrown variety. During certain months of the year Logan Square is home to one of Chicago's many farmers' markets, and for anyone who wants to skip out on the Taste of Chicago, you can come to the Taste of Logan Square for a downsized version of the massive food festival.
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