6556-58 S. Fairfield Ave.

Property Overview

Interra Realty LLC has been exclusively engaged to present for sale 6556-58 S. Fairfield Ave. Located in Chicago's Marquette Park neighborhood, the subject property consists of eleven (11) units featuring four (4) 2BD/1 BA layouts and seven (7) 1 BD/1 BA layouts. The asset is being offered for sale for the first time in 30 years.

The building has undergone recent Cap Ex improvements featuring a brand new tear off roof, newer windows, tuckpointing work, newer boiler, and updated common areas.

A qualified investor has the opportunity to acquire a stabilized, well managed, pridefully maintained property with the ability to increase rental rates through leasing operations. The property has the potential to add a 12th (1 BD/1 BA) unit and a 13th (3 BD/1 BA) unit through the rehab of already existing legal units.

Highlights

  • Desirable Unit Mix Featuring (7) 1 BD/1 BA and (4) 2 BD/1 BA units.
  • First time being offered for sale in 30 years.
  • Ability to add 2 extra units (1 BD and 3 BD layout) through rehab of legal units.
  • Brand new roof installed last Summer. Common areas have been updated.
  • Approx. 2-3 year old boiler. Tuckpointing work done within the last 2 years.

Key Details

NUMBER OF UNITS
11
LOT SIZE
0.17 Acres
YEAR BUILT
1928
SUBMARKET
Marquette Park