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  • $530,000

    5937 N Fairfield Ave, Chicago, IL 60659

    6beds
    --sqft
    Multi Family
    Built in 1923
    -- sqft lot
    $659,200 Zestimate®
    $--/sqft
    $2,061 Estimated rent

    Home value

    $659,200

    $620,000 - $699,000

    $2,061/mo

    Zestimate® history
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    What's special

    Excellent opportunity to own a beautiful, all brick jumbo two-unit building on an extra wide lot, is nestled in the heart of extremely sought after areas including Lincoln Square, Sauganash, North Park, West Ridge, Rogers Park and Arcadia Terrace. The property has two huge 3 bedroom, 1 bathroom units and a full sized dry and unfinished basement with shared laundry. The top floor unit includes upgrades such as 42" Maple Cabinets & Stainless Steel Appliances and a new Bathroom (2016) w/ walk-in shower and nice finishes. Both units also include high efficiency central heat & air, wall to wall hardwood floors, built-in decorative shelves, crown molding, french doors and plenty of closet space. The property also features a nice sized fenced backyard and an all brick garage w/ plenty of room for an additional outdoor space or a garage addition, for 3 full size stalls. This property has been under current ownership for 20 years and has always had a consistent rental history. Current tenants are extremely long term tenants enjoying a very low rent as compared to the market. This is a solid investment in a prime Chicago location with a historically stable and diverse neighborhood known for its quiet tree lined, one-way streets and many beautiful parks and good schools. Set between Mather's and Green Briar parks with great access to public transportation. Solid investment in a prime Chicago location. Walk to Park, Whole Foods, Marianos & Target. Quick access to Expressway & Lake. The property is being sold "As-Is", providing a unique opportunity for investors to upgrade the existing units. Perfectly set up to duplex the main floor with the unfinished basement to raise rents significantly or create up to a 5 bed 3 bath owners unit. This is also a perfect opportunity for a home buyer to convert to a massive single family home, designed specifically to their tastes. Existing tenants are month to month, have been given notice and will be out 4/1 at the latest. The property will be delivered clean and vacant. Tenants require 48 hours notice for showings. ALL SHOWINGS to start on Sunday 2/4. Please reach out to LA to get on the schedule for a showing block on 2/4 or 2/5. On these 2 days we will be able to show you the entire building.

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd Takes 773-466-7150,

    Compass

    Bought with:

    John Federici

    Compass

    Source: MRED as distributed by MLS GRID,MLS#: 11960188MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio
    Lot
    • Size: 3,750 Square Feet
    • Dimensions: 30X125
    Details
    • Parcel number: 13014010110000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1923
    • Major remodel year: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $500,000
    • Annual tax amount: $8,534
    • Date on market: 1/30/2024
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/20/2024Sold$530,000+11.6%
    Source: MRED as distributed by MLS GRID #11960188 Report a problem
    2/7/2024Contingent$475,000
    Source: MRED as distributed by MLS GRID #11960188 Report a problem
    1/30/2024Listed for sale$475,000+3.3%
    Source: MRED as distributed by MLS GRID #11960188 Report a problem
    2/4/2005Sold$460,000+35.3%
    Source: Public Record Report a problem
    9/12/2001Sold$340,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $50,000 +20.5%
    2023$8,754 +2.6%$41,492
    2022$8,534 +2.3%$41,492
    2021$8,344 +18.5%$41,492 +31.3%
    2020$7,040 -3.5%$31,604 -13%
    2019$7,299 +1.7%$36,327
    2018$7,176 -10.9%$36,327 -2.9%
    2017$8,052 +7.5%$37,403
    2016$7,491 +9.3%$37,403
    2015$6,854 +17.2%$37,403 +18.6%
    2014$5,850 +2%$31,531
    2013$5,735 +1.4%$31,531
    2012$5,658 -11.6%$31,531 -20.2%
    2011$6,399 -0.4%$39,489
    2010$6,426 -1.5%$39,489 -5.6%
    2009$6,522 -5.2%$41,823 -12.8%
    2008$6,883 +1%$47,981
    2007$6,814 -1.1%$47,981
    2006$6,888 +23.8%$47,981 +41%
    2005$5,562 +1%$34,038
    2004$5,506 +2.2%$34,038
    2003$5,386 +28.6%$34,038 +46.1%
    2002$4,187 +13.6%$23,304
    2001$3,685 +17.3%$23,304
    2000$3,141 -0.3%$23,304 +27%
    1999$3,149 $18,348
    Find assessor info on the county website

    Neighborhood: Arcadia Terrace

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Jamieson Elementary School
    • Middle: Jamieson Elementary School
    • High: Mather High School
    • 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
    $659,200
    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
    $659,200