851 N Fairfield Avenue
Chicago, IL 60622

Status: Active
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $1,575,000

About this home

BACK ON THE MARKET!! Here's a rare opportunity to purchase a turnkey 4-unit, two building Property in one of the most exciting areas of West Town adjacent to Smith Park and California corridor. All units have wood floors throughout, custom wood windows and millwork, NEW SS appliances, quartz countertops, gas forced air, NEW in unit laundry and amazing outdoor space. The front building features a 2500 square foot duplex up unit with four large bedrooms, three bathrooms, chef's kitchen with Wolf stove/grill, laundry room, two large decks, attic, tons of closet & storage space, custom wood windows, solid oak doors and trim. The rear Coach house features two furnished units. Easy walk to tons of dining options and parks. This is a one-of-a-kind property. Please view the floor plans and survey. MAKE AN APPOINTMENT, BRING A CONTRACT AND YOU WILL SEE WHY THIS IS BETTER THAN THE REST. OWNER IS A LICENCED REALESTATE BROKER 48 HRS PLS.

Property details

Interior Features
Additional Rooms Den
Basement Description Finished, Exterior Access, Concrete (Basement)
Bath Amenities Whirlpool
Basement English
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 7
Full Baths in Building Count 7
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 2
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 04/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1250
unit 2
Beds Total 4
Baths Total 3
Actual Rent 5000
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 3
Lease Expiration Date 5/24
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 2500
unit 3
Beds Total 2
Baths Total 1
Actual Rent 2200
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 9/23
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 723
unit 4
Beds Total 2
Baths Total 1
Actual Rent 3300
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 12/23
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Square Feet 723
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Additional Media Type 1 Virtual Tour
Additional Media URL 1 External link
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1883
Exterior Building Type Brick,Stucco
Parking None
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Zoning Type MULTI
Corporate Limits Chicago
Directions Chicago Ave to Fairfield, North on Fairfield to 851
Equipment Security System, CO Detectors, Ceiling Fan(s), Sump Pump
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Property / Lot Details
Lot Dimensions 25X126
Lot Size .50-.99 Acre
Ownership Fee Simple
Style of House Tri-Level
Type Unit 4 Flat, 2 Story Unit/s, Coach House, Duplex Side by Side
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 600
Electric Expense Source Owner Projection
Gross Rental Income $172,500
Insurance Expense $3,000
Insurance Expense Source Owner Projection
Janitor Expense $2,400
Net Oper Income $151,482
Rental Income 172500
Investment Profile Residential Income
Water Expense $2,400

Tax/Assessments/Liens

PIN 16014250060000
Special Assessments N
Taxes $12,618
Tax Exemptions None
Tax Year 2022
$1,575,000 Listing Price:
MLS # 11986874
Investment Profile Residential Income
Listing Market Time 55 days
Basement English
Type Unit 4 Flat, 2 Story Unit/s, Coach House, Duplex Side by Side
Number of Units in Building 4
Parking None
List Date 03/10/2024
Year Built 1883
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