About This Home

This 5-bedroom, 3-bathroom residential multi family at 1851 N Fairfield Avenue in Chicago, IL is listed for $890,000. Built in 1875, on a N/A lot.

Key Features

  • Built in 1875
  • 2 parking spaces

Property Details

3 full
2-car garage
1875
Listing 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 Lin

e, 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.

Monthly Cost Estimate

$4,760/mo

20% down · 6.5% · 30 years

Principal$644
Interest$3,857
Insurance$260

Estimates only. Actual payments may vary.

Location

1851 N Fairfield Avenue

Chicago, IL 60647

Property Details

Construction

Vinyl Siding Brick

Outdoor Features

Patio

Parking

GarageOpen

Heating

Natural GasForced Air

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 1851 N Fairfield Avenue is listed at $890,000. The estimated monthly payment is $4,760 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1875, 2 parking spaces.

This property is listed by Ryan Cherney.

RC

Ryan Cherney

Agent at Circle One Realty

Listed by Circle One Realty · Broker phone: (630) 862-5181 · View on Broker Site · Broker website

MLS# 12770505· Source: Midwest Real Estate Data, LLC· 33 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1851 N Fairfield Avenue, Chicago, IL 60647

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