1356 S Fairfield Ave - Apartments FOR SALE


Chicago, IL 60608- Lawndale
$879,000 USD
312-286-0427
1356 S Fairfield Ave, Chicago, IL for Sale
$879,000 USD
Apartments - FOR SALE
1/69
null | 7.85% Cap Rate

1356 S Fairfield Ave
Chicago, IL 60608
Lawndale


HIGHLIGHTS

  • Gorgeous NEW Construction 3-unit in Booming UIC Medical District.
  • Set alongside multiple other New Developments, this area is rapidly appreciating.
  • Contemporary & Modern design with the perfect blend of city living and convenience.
  • Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in this high inflation environment.

OVERVIEW

Gorgeous NEW Construction 3-unit in Booming UIC Medical District. Set alongside multiple other New Developments, this area is rapidly appreciating. Built by an experienced builder, The Fargo Group, and includes 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, in unit laundry, and beautifully tiled floors. Each unit is a large, 1,350 sq ft 3 bed/ 2 bath, with a luxury master bathroom at the rear. The units will rent easily and proforma rents are $6,000/month. The developer added soundproofing for added privacy. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in this high inflation environment. Can arrange property management for any out-of-state buyers.

FOR SALE DETAILS

PRICE

$879,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

3

PRICE/UNIT

$293,000

CAP RATE

7.85%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction in UIC Medical District

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,921 SF

ZONING

RT-4

APN/PARCEL ID

16-24-206-070-0000

ASK ABOUT THIS PROPERTY

Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

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Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

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