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New Construction 3-unit UIC Medical District 1245 S Fairfield Ave 3 Unit Apartment Building $1,246,050 CAD ($415,350 CAD/Unit) 7.78% Cap Rate Chicago, IL 60608
EXECUTIVE SUMMARY
Gorgeous NEW Construction 3-unit in prime UIC Medical District Location, one block from Mount Sinai Hospital. Built by an experienced local builder and includes a 1-year developer's warranty. Contemporary & Modern design with the perfect blend of city living and convenience. Each unit has a spacious, open-concept layout and condo-quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, and in-unit laundry. Each unit is a large 3 bed/ 2 bath, with a luxury master bathroom at the rear and extra build-out storage closets. The units will rent easily and proforma rents are $7,500/month. The top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in one of Chicago's most exciting neighborhoods. Can arrange property management for any out-of-state buyers.
PROPERTY FACTS
| Price | $1,246,050 CAD | Building Class | C |
| Price Per Unit | $415,350 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,900 SF |
| Cap Rate | 7.78% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $1,246,050 CAD |
| Price Per Unit | $415,350 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.77/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $18,068 CAD | Total Assessment | $18,068 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$18,068 CAD
Improvements Assessment
$0 CAD
Total Assessment
$18,068 CAD
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New Construction 3-unit UIC Medical District | 1245 S Fairfield Ave
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