Property Overview

Interra Realty has been exclusively engaged to market for sale 5854 S. Fairfield Ave. The subject property is a mixed use walk up property consists of fourteen (14) total units including three (3) ground floor retail spaces, eight (8) 1BD/1BA units, and three (3) 2BD/1BAunits.

Over the 20+ year course of current ownership, the property has been retrofitted with individually metered electrical heating systems, two (2) seventy-five gallon hot water tanks, and a tear off roof completed ten years ago. Apartments feature carpeting throughout and some updates to kitchens and baths.

5854 S. Fairfield Ave. presents a new investor with the opportunity to acquire an asset with value add potential and low expenses. Anew investor can realize greater returns by implementing a rental increase program through both the retail and residential units.

Highlights

  • Long Term Ownership | 20+ Year Owner
  • Diverse Unit Mix: (3) GF Retail, (8) 1BD/1BA , (3) 2BD/1BA
  • Individually Metered Electric Heating System
  • Under Market Rents | Value Add Potential
  • Prime Location on Major Commercial Thoroughfare

Key Details

Sale Price
$825,000
Number of Units
Fourteen (14) Total Units
Submarket
Marquette Park
Cap Rate
8.92$