Building Details

Year Built 1961

Listing Agency: 33 Realty LLC g***@33realty.com Show Phone

Listed By: Gene Hart · License #IL 475.149185

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:34PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty LLC

Investment Insights

Based on property information with market context.

Located at 1848 S Fairfield Ave in Chicago’s Marshall Square neighborhood, this multifamily property contains four one-bedroom apartments. The building was constructed in 1961 and is configured for residential income use.

Each apartment has its own gas-forced heating system and hot water tank. The property is currently 100% occupied and includes three off-street parking spaces.

Key Highlights

• Four one‑bedroom apartments
• 100% occupied
• Individual gas‑forced heat and hot water tanks

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Nursing Home HVAC Service Fish Market Pet Grooming Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

2,980

Businesses Nearby

Explore this area Business Placement

Demographics for 60608, IL

75,770

Population

32,617

Households

2.3

Avg Household Size

34

Median Age

34%

College-Educated

77%

High-School Grad

6.2 sq mi

ZIP Area

12,221

Density / Sq Mi

$70,704

Median Household Income

$42,211

Median Earnings

$1,208

Median Rent

$341,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Fully occupied apartments with separate gas heating and individual hot water tanks.

Where is this quadplex located?

The property is located at 1848 S Fairfield Ave Chicago, IL.

What are key features of this property?

This property features: Four one‑bedroom apartments; 100% occupied; Individual gas‑forced heat and hot water tanks