1342 S FAIRFIELD Avenue, Chicago, IL 60608

• 8 beds |
• 3 baths

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!

Listing Status:

Active

Listing Office:

eXp Realty : 773-510-7584

Listing Agent:

Edgar Zelaya : 773-510-7584

MLS ID:

12498345

Interior

• Basement: UnfinishedExterior EntryBath/StubbedFullWalk-Out Access
• Heating: Natural Gas

Exterior

• Style: Greystone
• Parking: Off AlleyOff StreetYesParking spaces: 2

Construction

• General: Greystone

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI16242060650000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple

This listing courtesy of Edgar Zelaya, eXp Realty