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    The Largest CRE Database in the US with Over 1 Million Listings

    2630 N Fairfield St Chicago, IL 60647

    Sponsored
    For Sale
    $1,300,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    2
    Last Refresh:
    Feb 17 at 12:06 pm

    Property Features for 2630 N Fairfield St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 5, Bedroom 1, Basement, Bedroom 3, Bedroom 9, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 8, Bedroom 7, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2
    Bedrooms
    9
    Bathrooms
    5
    APN
    13254080170000
    Patio and Porch features
    Porch, Patio, Deck
    Exterior features
    Balcony
    Fencing
    Fenced
    Basement
    Finished, Storage Space, Walk-Out Access, Exterior Entry, Full

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Michael Samm
    Michael Samm

    Keller Williams Chicago ONEChicago (312) 216-2422

    Listing agent Michael Samm (312) 767-7504

    Listing date Feb 16, 2026

    MLS# 12568468

    Copyright © 2026 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.

    Learn more

    Overview

    Multifamily Property in Logan Square

    This property in Chicago's Logan Square neighborhood features a standalone home and a separate two-unit building. The front home includes 4 bedrooms and 2 full bathrooms. The rear two-flat is fully occupied by tenants with active leases, producing $5700 per month in rental income. The front home produces $3900 per month in rental income for a combined total of $9,600 per month. Both structures blend vintage charm with upgrades. The front home showcases a redesigned chef's kitchen with quartz countertops, sleek cabinetry, stainless appliances, updated flooring, and contemporary lighting. Hardwood floors extend throughout, complemented by windows overlooking a tree-lined street, custom millwork, and a formal dining area. Upstairs are three bedrooms and a full bath. The lower level offers a recreation room, an additional bedroom, a full bath, a laundry area, and storage. Outdoor living includes two oversized decks and a spacious backyard. The rear two-flat has undergone improvements within the past four years, including new plumbing, electrical, and HVAC. Interior enhancements include new flooring, redesigned kitchens, new laundry, and renovated bathrooms. The rear decks have been revitalized with wood decking and updated paint, and windows were replaced where necessary. Both the front and rear building have new roofs (complete tear-offs in 2022), and a new gas service line was added to the front building. The original built-ins and fireplace were removed to create a media wall. Positioned off of Logan Boulevard and moments from dining, shopping, parks, and public transit, this property offers flexibility and historic charm. Utilities are separately metered, with tenants responsible for gas and electric. Both buildings feature central heat, air conditioning and in-unit laundry.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.702
    Latitude
    41.9209

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    FAQs

    What type of property is this?
    Single family property - Standalone home and two-unit building with excellent rental income potential.
    Where is this single family property located?
    The property is located at 2630 N Fairfield St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Significant Rental Income: $9,600 per month combined, offering immediate returns.; - Prime Logan Square Location: Close to Logan Boulevard, dining, shopping, parks, and public transit.; - Turnkey Condition: Front home is move-in ready with a redesigned chef's kitchen; rear two-flat recently renovated.
    (312) 767-7504
    Request Owner's contact information
    2630 N Fairfield St Chicago, IL 60647
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    Chicago, IL 60647
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2630 N Fairfield St Chicago, IL 60647
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    We can help!
    Listing Contact
    Michael Samm
    Michael Samm
    (312) 767-7504 (312) 471-6444 (312) 216-2422
    Learn more
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