1342 S Fairfield Avenue, Chicago, IL 60608
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1342 S Fairfield Avenue,Chicago, IL 60608
$359,000
- 8 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:edgar zelaya
Office:exp realty
MLS#:12498345
Source:MLSNI
Price summary
- Price:$359,000
About this home
Huge ValueAdd 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 mixeduse 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 nearby rent for $2,500-$3,350/month making the cashflow and resale upside enormous. Sold strictly as-is-there are known code violations and significant deferred maintenance, so buyers must perform their own due diligence and use cash or hard money financing. 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!
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Home facts
- Year built:1888
- Listing ID #:12498345
- Added:1 day(s) ago
- Updated:October 18, 2025 at 11:37 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1888
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$359,000
- Tax amount:$4,870 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 1342 S Fairfield Avenue
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