5014 S Fairfield Ave

Chicago, IL 60632 View Map $197,500 Schedule a Tour
Beds4
Baths2
Acres0.08
Year1921

Joe Kersjes

(847) 917-3759

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Status: Active
Property Type:Multi Family- 2-4 Units
MLS #:11634438
On Site:4 Days
Lot Size:0.08 Acres
County:Cook
Welcome to your next investment opportunity -- fix-and-flip or rehab-and-hold. You'll do well either way with this brick two-flat in the up-and-coming Gage Park area conveniently located between two Orange Line stops (Western and Kedzie), schools (CPS, Rufino Tamayo charter elementary and Mansueto charter High School) and shopping. Building is habitable but needs rehab. Longtime owner has taken building's condition into account and has priced it to sell -- AS-IS. Owner will not make repairs. After-repaired-value should be $375,000+. Suitable for 203k or conventional rehab loans. Will not pass FHA. Taxes don't reflect exemptions but homeowner's and senior exemptions have been applied for, as well as certificate of error. Units have some vintage touches such as built-in china cabinet in second-floor kitchen, as well as walk-in closet in each unit. Basement offers plenty of storage space in addition to laundry room but ceiling height is less than 7.5 feet. RS-3 zoning.

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:5014 S Fairfield Ave Chicago, IL 60632
County:Cook
City:Chicago
Township:Lake
Subdivision:West Eldson
Zip Code:60632

School Information

School District:299

Architecture

Bedrooms: 4
Bathrooms: 2
Year Built:1921
Style:Traditional
Exterior Construction Type: Brick
Total # Units in Building: 2
Age Range: 100+ Years
Foundation: Concrete Perimeter
Basement: Unfinished
Basement Type: Full
Parking Features: Off Alley
Parking On Site: Yes
Parking: Space/s
Parking Ownership: Owned

Features / Amenities

Exterior Features: Cable Access
Cars: 3
Parking Total: 3
Heat Source / Type: Natural Gas, Baseboard
Total Rooms:8

Property Features

Lot Size: 0.08 Acres
Lot Dimensions:Standard Chicago Lot
Lot Features: Level, Sidewalks, Streetlights
Sewer: Public Sewer, Sewer-Storm
Water: Lake Michigan, Public
Transportation: School Bus Service, Commuter Bus, Commuter Train
Zoning:MULTI
Directions:From Western Orange Line stop, south to 51st, west to Fairfield, north to investment opportunity.

Tax and Financial Info

Tax Year: 2020
Tax Annual Amount: $2,757
Ownership: Fee Simple

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5014 S Fairfield Ave Chicago, IL 60632
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5014 S Fairfield Ave Chicago, IL 60632
 
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Listing provided courtesy of Coldwell Banker Realty.

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of September 24, 2022 2:00 PM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Properties displayed may be listed or sold by various participants in the MLS