Welcome to 242 N Mayfield, a well-maintained 4-unit building offering fantastic income potential. Each unit features 1 bedroom and 1 bathroom, with three units already tenant-occupied, making this an excellent opportunity for a savvy investor. Whether you're looking to add a solid income-producing property to your portfolio or seeking the perfect setup to live in one unit and rent out the others for steady cash flow, this building offers it all. With its great condition and prime location, this is a turnkey investment waiting for you!
Closed
$378,000
242 N Mayfield Ave, Chicago, IL 60644
4beds
--sqft
Multi Family
Built in 1949
-- sqft lot
$408,900 Zestimate®
$--/sqft
$1,643 Estimated rent
Home value
$408,900
$364,000 - $458,000
$1,643/mo
Zestimate® history
Owner options
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$1,643/mo
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$1,643/mo
Rent Zestimate®
Refinance and save
$2,669/mo
Est. payment
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$2,669/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Cristino Aguirre 773-344-0208,
Realty of Chicago LLC,
Miguel Aguirre,
Realty of Chicago LLC
Bought with:
Gonzalo Santoyo
HomeSmart Connect LLC
Source: MRED as distributed by MLS GRID,MLS#: 12175032
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Indv Controls
Features
- Basement: None
Property
Lot
- Size: 5,662 Square Feet
- Features: Corner Lot
Details
- Parcel number: 16084070230000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1949
- Major remodel year: 2019
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $280,000
- Annual tax amount: $2,953
- Date on market: 9/27/2024
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2025 | Sold | $378,000 |
Source: Public Record Report a problem | ||
| 10/31/2024 | Sold | $378,000-5.5% |
Source:  MRED as distributed by MLS GRID #12175032 Report a problem | ||
| 10/3/2024 | Contingent | $399,900 |
Source: MRED as distributed by MLS GRID #12175032 Report a problem | ||
| 9/27/2024 | Listed for sale | $399,900 |
Source: MRED as distributed by MLS GRID #12175032 Report a problem | ||
| 9/11/2024 | Listing removed | $399,900 |
Source: MRED as distributed by MLS GRID #12156287 Report a problem | ||
| 9/6/2024 | Listed for sale | $399,900+17.6% |
Source: MRED as distributed by MLS GRID #12156287 Report a problem | ||
| 8/19/2021 | Sold | $340,000+30.8% |
Source: Public Record Report a problem | ||
| 1/19/2006 | Sold | $260,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $28,000 +100% |
| 2023 | $2,954 +2.6% | $14,000 |
| 2022 | $2,880 +2.3% | $14,000 |
| 2021 | $2,815 -29.3% | $14,000 -21.7% |
| 2020 | $3,983 -2.4% | $17,878 -12% |
| 2019 | $4,082 +1.7% | $20,316 |
| 2018 | $4,013 -10.4% | $20,316 -2.4% |
| 2017 | $4,480 +7.5% | $20,809 |
| 2016 | $4,168 +9.3% | $20,809 |
| 2015 | $3,813 +8.5% | $20,809 +9.8% |
| 2014 | $3,515 +2% | $18,945 |
| 2013 | $3,446 +1.4% | $18,945 |
| 2012 | $3,400 -5.5% | $18,945 -14.6% |
| 2011 | $3,596 -0.4% | $22,189 |
| 2010 | $3,611 +4.4% | $22,189 |
| 2009 | $3,460 -3.3% | $22,189 -11% |
| 2008 | $3,578 +1% | $24,940 |
| 2007 | $3,542 | $24,940 |
Find assessor info on the county website
Neighborhood: South Austin
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Ellington Elementary SchoolGrades: PK-8Distance: 0.3 mi
- NADouglass Academy High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$408,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$408,900
- Illinois
- Cook County
- Chicago
- 60644
- South Austin
- 242 N Mayfield Ave
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