5937 N Fairfield Avenue
Chicago, IL 60659

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $475,000

About this home

Excellent opportunity to own a beautiful, all brick jumbo two-unit building on an extra wide lot, is nestled in the heart of extremely sought after areas including Lincoln Square, Sauganash, North Park, West Ridge, Rogers Park and Arcadia Terrace. The property has two huge 3 bedroom, 1 bathroom units and a full sized dry and unfinished basement with shared laundry. The top floor unit includes upgrades such as 42" Maple Cabinets & Stainless Steel Appliances and a new Bathroom (2016) w/ walk-in shower and nice finishes. Both units also include high efficiency central heat & air, wall to wall hardwood floors, built-in decorative shelves, crown molding, french doors and plenty of closet space. The property also features a nice sized fenced backyard and an all brick garage w/ plenty of room for an additional outdoor space or a garage addition, for 3 full size stalls. This property has been under current ownership for 20 years and has always had a consistent rental history. Current tenants are extremely long term tenants enjoying a very low rent as compared to the market. This is a solid investment in a prime Chicago location with a historically stable and diverse neighborhood known for its quiet tree lined, one-way streets and many beautiful parks and good schools. Set between Mather's and Green Briar parks with great access to public transportation. Solid investment in a prime Chicago location. Walk to Park, Whole Foods, Marianos & Target. Quick access to Expressway & Lake. The property is being sold "As-Is", providing a unique opportunity for investors to upgrade the existing units. Perfectly set up to duplex the main floor with the unfinished basement to raise rents significantly or create up to a 5 bed 3 bath owners unit. This is also a perfect opportunity for a home buyer to convert to a massive single family home, designed specifically to their tastes. Existing tenants are month to month, have been given notice and will be out 4/1 at the latest. The property will be delivered clean and vacant. Tenants require 48 hours notice for showings. ALL SHOWINGS to start on Sunday 2/4. Please reach out to LA to get on the schedule for a showing block on 2/4 or 2/5. On these 2 days we will be able to show you the entire building.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1923
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Patio
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2023
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Ridge
Corporate Limits Chicago
Directions Fairfield is ONE-WAY North. Western to Lincoln, North on Lincoln to Fairfield, North on Fairfield 2.5 blocks. -OR- Peterson to California, South on California to Thorndale, East on Thorndale 1 block to Fairfield, North on Fairfield to 5937.
Elementary School Jamieson Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Mather High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Jamieson Elementary School
Jr High/Middle Dist 299
Township North Chicago
Interior Features
Basement Description Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 2
Full Baths in Building Count 2
Total Rooms 12
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Security Deposit 1300
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 30X125
Lot Size Source County Records
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Rental Income 3000
Scavenger Expense $1,353
Investment Profile Residential Income
Water Expense $1,353

Tax/Assessments/Liens

PIN 13014010110000
Special Assessments N
Taxes $8,534
Tax Exemptions None
Tax Year 2022
$475,000 Listing Price:
MLS # 11960188
Investment Profile Residential Income
Listing Market Time 50 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 01/30/2024
Year Built 1923
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