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6-Unit Multifamily Building
New
For Sale
$750,000

6548 S Fairfield Avenue, Chicago, IL 60629

Two detached garages provide four covered vehicle spaces, alongside two full basements.

Property Size6,861 SF
Lot Size0.23 Acres
Price / SF$109.31
Days on Market5

Property Features for 6548 S Fairfield Avenue

General Information

Standard status Active
Size 6,861 SF
Total Parking Spaces 4
Lot size 0.23 Acres
Property subtype MULTI_FAMILY

Property Condition

Severity Repairs Needed
Evidence renovate

Additional Details

Public Transit Yes
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $8,475

Building Details

Year Built 1926
Listing Agency: Realty of America, LLC
Listed By: Javier Alday · License #475204169
Source: Dawnmckennagroup
Added: Oct 17 Changed: Oct 21 Last Checked: Oct 21 at 2:18AM

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 Realty of America, LLC

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Investment Insights

Based on property information with market context.

This 6-unit apartment property contains 8 bedrooms and 6 bathrooms across approximately 6,861 square feet of building space. Two full basements and two detached 2-car garages are part of the property, for a total of four garage spaces. The building dates to 1926 and occupies a 9,968-square-foot lot.

Marquette Park, Marquette Elementary School, shopping and dining along Western Avenue and 63rd Street, public transportation, and Chicago Midway International Airport are nearby.

Key Highlights

  • 6 apartment units with 8 bedrooms and 6 bathrooms
  • Approximately 6,861 square feet of building space on a 9,968‑square‑foot lot
  • Two full basements

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,331
Businesses Nearby

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two detached garages provide four covered vehicle spaces, alongside two full basements.
Where is this apartment building located?
The property is located at 6548 S Fairfield Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6 apartment units with 8 bedrooms and 6 bathrooms; Approximately 6,861 square feet of building space on a 9,968‑square‑foot lot; Two full basements
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