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1840-1854 S Fairfield Ave 26 Unit Apartment Building $5,304,496 CAD ($204,019 CAD/Unit) 7.10% Cap Rate Chicago, IL 60608
INVESTMENT HIGHLIGHTS
- Immediate Scale in Douglass Park - 26 Units
- Individual Water Tanks, Furnaces & AC Units
- On Site Laundry Facility & Twenty (20) Designated Parking Spots
- Fully Renovated and Stabilized - 2025
- (1) Block East of Douglass Park & (2) Blocks North of California Pink Line
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present for purchase, the Fairfield Collection, a four (4) building, 26-unit collection, just east of the beautiful Douglass Park. The properties sit on a massive corner lot, conveniently located just blocks away from the CTA California Pink Line station, Lagunitas Brewery, and Cinespace Chicago Studios.
The Fairfield Collection has undergone extensive renovations under current ownership. Recent upgrades and improvements to the properties include but not limited to: individual furnaces, individual water tanks, individual AC units, updated electric, copper plumbing, modern kitchens and baths. The property also features and on-site laundry facility and twenty (20) designated parking spots generating additional income.
The Fairfield Collection presents a new investor the rare opportunity to obtain a fully renovated, cash flowing asset
in one of Chicago's most rapidly appreciating markets. From day one a new investor will realize an in place cap rate of 7.1%, with future potential to realize returns near 9% and
an 8.0% cap rate.
The Fairfield Collection has undergone extensive renovations under current ownership. Recent upgrades and improvements to the properties include but not limited to: individual furnaces, individual water tanks, individual AC units, updated electric, copper plumbing, modern kitchens and baths. The property also features and on-site laundry facility and twenty (20) designated parking spots generating additional income.
The Fairfield Collection presents a new investor the rare opportunity to obtain a fully renovated, cash flowing asset
in one of Chicago's most rapidly appreciating markets. From day one a new investor will realize an in place cap rate of 7.1%, with future potential to realize returns near 9% and
an 8.0% cap rate.
PROPERTY FACTS Under Contract
| Price | $5,304,496 CAD | Apartment Style | Garden |
| Price Per Unit | $204,019 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 7.10% | Building Size | 18,950 SF |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Zoning | R4, Chicago | ||
| Price | $5,304,496 CAD |
| Price Per Unit | $204,019 CAD |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 18,950 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1961/2025 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R4, Chicago |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | - | 700 |
| 2+1 | 5 | - | 860 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $197,505 CAD | |
| Land Assessment | $49,462 CAD | Total Assessment | $246,967 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$49,462 CAD
Improvements Assessment
$197,505 CAD
Total Assessment
$246,967 CAD
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1840-1854 S Fairfield Ave
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