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New Construction 3-unit UIC Medical District 1245 S Fairfield Ave 3 Unit Apartment Building $900,000 ($300,000/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 | $900,000 | Lot Size | 0.07 AC |
| Price Per Unit | $300,000 | Building Size | 3,900 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 7.78% | No. Stories | 3 |
| No. Units | 3 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | Parcel Number | 16-24-207-007-0000 |
| Price | $900,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 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 |
| Parcel Number | 16-24-207-007-0000 |
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Very Bikeable (78)
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New Construction 3-unit UIC Medical District | 1245 S Fairfield Ave
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