7058 S Fairfield Ave, Chicago, IL 60629
This move-in ready, legal three-unit brick building is a turnkey opportunity for an investor or a homeowner looking for long-term comfort, house-hacking or passive income while tenants pay the mortgage. Each of the three spacious apartments features a functional layout with two bedrooms, formal living and dining rooms, and original hardwood floors throughout. The property also includes a finished lower level equipped with a dedicated laundry room and ample storage. The building has been maintained beautifully, including a newer roof on the home and the garage. Outside, the oversized lot is secured by an iron fence and features massive parking footprint: a gorgeous vaulted three-car brick garage plus three additional exterior spots. There is even potential for a studio above the garage with the new ADU ordinance. Situated at the heartbeat of the community, you are steps away from local parks, retail, and transit. With separate front and rear entrances for every unit the numbers on this building finally make sense for a buyer ready to build their investment portfolio.
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J & J Property Management Property Management Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.