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    1342 S Fairfield Ave Chicago, IL 60608

    For Sale
    $299,000

    Residential Income, Greystone - Chicago, IL

    Days on Market:
    11
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 1342 S Fairfield Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    16242060650000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1888
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Edgar Zelaya (888) 574-9405 License #475159638

    Listing date Dec 1, 2025

    MLS# 12525433 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Greystone in Chicago Opportunity Zone

    This classic 3-unit Greystone presents a value-add opportunity for investors. Located east of California Avenue, near Douglas Park, Mount Sinai Hospital, and the Illinois Medical District, the property is situated in the epicenter of North Lawndale's redevelopment. The property features a full walkout basement, an enclosed rear porch, a parking slab, and a Greystone facade. The location offers easy access to Mount Sinai, UIC, Rush, the CTA Train Line, and I290. The property is sold strictly as-is and has known code violations and deferred maintenance. It comes with a full set of architectural drawings. The property is located in Chicago, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6948807
    Latitude
    41.8634744

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    FAQs

    What type of property is this?
    Triplex - Classic Greystone in North Lawndale's redevelopment epicenter.
    Where is this triplex located?
    The property is located at 1342 S Fairfield Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - High potential for value appreciation due to ongoing neighborhood redevelopment and proximity to the Illinois Medical District.; - Classic Greystone 3-unit building offering a significant opportunity for a complete gut rehab and increased cash flow/resale value.; - Located east of California Avenue, near Douglas Park, Mount Sinai Hospital, and the Illinois Medical District, providing convenient access to amenities and employment.
    (888) 574-9405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1342 S Fairfield Ave Chicago, IL 60608
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