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.
Active
$890,000
1851 N Fairfield Ave, Chicago, IL 60647
5beds
--sqft
Multi Family
Built in 1875
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Numerous updates throughoutDetached two-car brick garageGas-forced air furnaceCentral air conditioningGranite countertops
- 29 days
- 1,189
- 60
Zillow last checked:
Listing updated:
Listed by:
Ryan Cherney (630)862-5181,
Circle One Realty
Source: MRED as distributed by MLS GRID,MLS#: 12770505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Finished,Partial
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio
Lot
- Size: 3,150 Square Feet
- Dimensions: 25x126
Details
- Parcel number: 13364100040000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
- Foundation: Brick/Mortar, Stone
- Roof: Asphalt,Rubber
Condition
- New construction: No
- Year built: 1875
- Major remodel year: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Other
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $580,000
- Annual tax amount: $10,808
- Date on market: 9/27/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2026 | Listed for sale | $890,000-6.3% |
Source: | ||
| 8/26/2026 | Listing removed | $950,000 |
Source: MRED as distributed by MLS GRID #12726263 Report a problem | ||
| 8/6/2026 | Listed for sale | $950,000+161.7% |
Source: | ||
| 10/3/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/17/2022 | Listed for rent | $1,400+7.7% |
Source: Zillow Rental Manager Report a problem | ||
| 10/28/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/23/2021 | Listed for rent | $1,300 |
Source: Zillow Rental Manager Report a problem | ||
| 9/14/2007 | Sold | $363,000+3.7% |
Source: Public Record Report a problem | ||
| 4/12/2005 | Sold | $350,000+900% |
Source: Public Record Report a problem | ||
| 7/26/1994 | Sold | $35,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,809 +8.6% | $58,000 +23.3% |
| 2023 | $9,951 +2.9% | $47,022 |
| 2022 | $9,672 -12.6% | $47,022 -14.5% |
| 2021 | $11,060 +33.4% | $55,000 +47.8% |
| 2020 | $8,291 -2.4% | $37,217 -12% |
| 2019 | $8,497 -9% | $42,292 -10.5% |
| 2018 | $9,339 +54.1% | $47,280 +68% |
| 2017 | $6,059 +3.4% | $28,146 -3.8% |
| 2016 | $5,859 +3.4% | $29,252 -5.4% |
| 2015 | $5,668 +21.6% | $30,929 +23.1% |
| 2014 | $4,661 -7% | $25,124 -8.9% |
| 2013 | $5,014 +1.4% | $27,568 |
| 2012 | $4,947 +41.2% | $27,568 +27.5% |
| 2011 | $3,503 -26.9% | $21,615 -26.6% |
| 2010 | $4,792 +0.8% | $29,447 -3.4% |
| 2009 | $4,753 -5.3% | $30,482 -12.9% |
| 2008 | $5,021 +1% | $35,000 |
| 2007 | $4,971 -2.3% | $35,000 -1.3% |
| 2006 | $5,090 +31% | $35,454 +49.1% |
| 2005 | $3,884 +1% | $23,771 |
| 2004 | $3,845 +55.4% | $23,771 |
| 2003 | $2,475 -8.5% | $23,771 +57.9% |
| 2002 | $2,705 +19.9% | $15,055 |
| 2001 | $2,257 +82.4% | $15,055 |
| 2000 | $1,237 +0.3% | $15,055 +78.4% |
| 1999 | $1,233 | $8,441 |
Find assessor info on the county website
Monthly payment
Est. payment







