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5937 N Fairfield Avenue

Chicago, IL 60659
  • $475,000
  • STATUS: Active Under Contract
  • ON SITE: 25 Days
  • MLS #: 11960188
Under Contract
$475,000
  • 6
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Information

Elementary School:
High School:
School District:
299

Description

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.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-02-24T23:58:02.89 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5937 N Fairfield Avenue Chicago, IL 60659

  • Price: $475,000
  • Status: Active Under Contract
  • On Site: 25 Days
  • MLS #: 11960188
6
Beds
0
Baths
0
½ Baths
N/A
Acres
1923
Built
Neighborhood:
Chi - West Ridge
County:
Cook
Area:
Chi - West Ridge
Elementary School:
Jamieson Elementary School
Middle School:
Jamieson Elementary School
High School:
Mather High School
School District:
299
Property Description
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.
Exterior Features

Exterior Building Type Brick Exterior Features Patio Garage Details Garage Door Opener(s) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Oversized Chicago Lot Multi Family Type 2 Flat Parking Details Garage Parking Total 2 Roof Flat Waterfront YN No

Interior Features

Basement Unfinished Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 2 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 12

Property Features

Age 100+ Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - has seller written direction Corporate Limits Chicago General Information None Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2023 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 8534.16 Tax Year 2022 Total Numberof Unitsin Building 2 Total Rental Income 3000 Township North Chicago Type Two to Four Units Water Source Public

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 773-466-7150.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-02-24T23:58:02.89 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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