1851 N Fairfield Avenue, Chicago, IL 60647

• 5 beds |
• 3 baths

Property Description

Wonderful fully rented three-flat in a highly sought-after neighborhood offering immediate income with significant upside potential. Current rents are below market, providing an excellent opportunity for increased cash flow and future value growth. Ideally located just steps from the 606 Trail and within walking distance of the CTA Western Blue Line, with convenient access to I-90/94, this property is positioned in one of Chicago's most desirable rental markets. The building has been well maintained and features numerous updates throughout. Each unit is separately metered and equipped with its own gas-forced air furnace, central air conditioning, and water heater. All units include granite countertops, refrigerator, oven/range, dishwasher, and microwave. Units 1 and 2 feature hardwood flooring, while the garden unit offers durable epoxy floors. Additional income is generated by the detached two-car brick garage, currently leased separately for $350 per month. Residents also enjoy front and rear outdoor spaces, along with on-site Speed Queen commercial laundry featuring a convenient cashless mobile payment system. A turnkey investment opportunity in a premier Chicago neighborhood with strong rental demand and excellent long-term appreciation potential.

Listing Status:

Active

Data Last Updated:

October 11, 2026 at 4:19AM

Listing Office:

Circle One Realty : 630-862-5181

Listing Agent:

Ryan Cherney : 630-862-5181

MLS ID:

12770505

Interior

• Basement: FinishedPartial
• Heating: Natural GasForced Air

Exterior

• Style: Traditional
• Parking: Garage Door OpenerYesGarage OwnedDetachedGarageParking spaces: 2

Construction

• Roofing: AsphaltRubber
• General: TraditionalBrick/MortarStone

Location

• HOA Amenities: Other
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 13364100040000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple