1245 S Fairfield Ave - Multi-Family FOR SALE


Chicago, IL 60608- Lawndale
$900,000 USD
312-286-0427
1245 S Fairfield Ave, Chicago, IL for Sale
$900,000 USD
Multi-Family - FOR SALE
1/61
null | 7.78% Cap Rate

1245 S Fairfield Ave
Chicago, IL 60608
Lawndale


OVERVIEW

Gorgeous NEW Construction 3-unit in prime UIC Medical District Location, one block from Mount Sinai Hospital. Built by an experienced local builder and includes a 1-year developer's warranty. Contemporary & Modern design with the perfect blend of city living and convenience. Each unit has a spacious, open-concept layout and condo-quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, and in-unit laundry. Each unit is a large 3 bed/ 2 bath, with a luxury master bathroom at the rear and extra build-out storage closets. The units will rent easily and proforma rents are $7,500/month. The top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in one of Chicago's most exciting neighborhoods. Can arrange property management for any out-of-state buyers.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

3

PRICE/UNIT

$300,000

CAP RATE

7.78%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction 3-unit UIC Medical District

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-24-207-007-0000

ASK ABOUT THIS PROPERTY

Lawrence DunningFulton Grace RealtyMore Info
312-286-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Lawrence DunningFulton Grace RealtyMore Info
312-286-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.