Homes for sale - 1342 S FAIRFIELD AVE, Chicago, IL 60608

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Lenny Feil

lenfeil@yahoo.com +1(708) 870-0514

$ 349,000

Est. payment | -/mo

8 Beds

3 Baths

Save

$ 349,000

Est. payment | -/mo

Save

8 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12498345

Style Greystone

Bedrooms 8

Year Built 1888

Annual Tax Amount $4,870

Tax Year 2023

Lot Dimensions F 24X118

Property Sub-Type Two to Four Units

Property Description

Huge Value Add Opportunity! Ready to roll up your sleeves? This classic 3unit Greystone is the perfect canvas for investors who see potential where others see problems. Located east of California Avenue near Douglas Park, Mount Sinai Hospital and the Illinois Medical District, it sits in the epicenter of North Lawndale's redevelopment. Millions are pouring into new mixed use projects, condo conversions and hospital expansions along Ogden Avenue and in the nearby Medical District. Buy now while properties here are still affordable and hold on for a huge return as the neighborhood transforms. Bordering the Tri Taylor corridor. Comparable 3 flats (east of California) here are closing at record high numbers, and new mixed-use and Medical District projects are drawing demand. This property has a full walkout basement, enclosed rear porch, parking slab and classic Greystone facade. After a complete gut rehab, similar 3bed units cashflow and resale upside is enormous. Sold strictly as-is-there are known code violations and deferred maintenance, so buyers must perform their own due diligence.. If you're looking for a high upside project in a neighborhood on the rise, with easy access to Mount Sinai, UIC, Rush, the CTA Train Line and I290 this diamond in the rough is your chance to buy low, improve and hold for a big return. It comes with a full set of architectural drawings; add your general contractor to the permit application and you can submit to the City of Chicago for approval immediately!

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Rooms

Basement Unfinished, Exterior Entry, Bath/Stubbed, Full, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Block,Stone,Limestone, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Block,Stone,Limestone

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Edgar Zelaya of eXp Realty

GET MORE INFORMATION

Lenny Feil

Broker-Owner | Lic# 471005412

lenfeil@yahoo.com

+1(708) 870-0514

4155 147th St, Midlothian, IL, 60445, USA

1342 S FAIRFIELD AVE Chicago, IL 60608

Lenny Feil

Key Details

Location

Rooms

Interior

Building

Schools

Others

1342 S FAIRFIELD AVE