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1230 S Fairfield Ave - Recent New Construction, UIC Medical District 6 Unit Apartment Building Offered at $1,850,000 at a 7.35% Cap Rate Chicago, IL 60608
EXECUTIVE SUMMARY
Side by side Recent New Construction 3-unit's by Fargo Group. Beautiful, modern units perfect for a seasoned investor looking to add a great, turnkey long-term hold to their real estate portfolio. It is located in Rush Medical District, set aside multiple new construction developments, and a block from Mount Sinai. Total of 6 units with 3 beds/ 2 baths, in-unit laundry, off-street parking, modern kitchens, and bathrooms. Property Management can be arranged for any out of state investors. Fully rented.
PROPERTY FACTS
| Price | $1,850,000 | Building Size | 3,750 SF |
| Price Per Unit | $308,333 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.35% | Year Built | 2024 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,850,000 |
| Price Per Unit | $308,333 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 3,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $2,400 | 1,250 |
1 1
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 16-24-206-039-0000 | Improvements Assessment | $0 |
| Land Assessment | $4,559 | Total Assessment | $4,559 |
PROPERTY TAXES
Parcel Number
16-24-206-039-0000
Land Assessment
$4,559
Improvements Assessment
$0
Total Assessment
$4,559
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1230 S Fairfield Ave - Recent New Construction, UIC Medical District
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