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5014 S Fairfield Avenue Chicago, IL 60632
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Key Details
Sold Price $165,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
Subdivision West Eldson
MLS Listing ID 11634438
Sold Date 11/23/22
Style Traditional
Bedrooms 4
Year Built 1921
Annual Tax Amount $2,756
Tax Year 2020
Lot Size 3,484 Sqft
Lot Dimensions 30 X 125
Property Description
Welcome to your next investment opportunity -- fix-and-flip or rehab-and-hold. You'll do well either way with this brick two-flat in the up-and-coming Gage Park area conveniently located between two Orange Line stops (Western and Kedzie), schools (CPS, Rufino Tamayo charter elementary and Mansueto charter High School) and shopping. Building is habitable but needs rehab. Longtime owner has taken building's condition into account and has priced it to sell -- AS-IS. Owner will not make repairs. After-repaired-value should be $375,000+. Suitable for 203k or conventional rehab loans. Will not pass FHA. Taxes don't reflect exemptions but homeowner's and senior exemptions have been applied for, as well as certificate of error. Units have some vintage touches such as built-in china cabinet in second-floor kitchen, as well as walk-in closet in each unit. Basement offers plenty of storage space in addition to laundry room but ceiling height is less than 7.5 feet. RS-3 zoning.
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Baseboard
Fireplace N
Exterior
Exterior Feature Cable Access
Waterfront false
View Y/N true
Parking Type Off Alley
Building
Lot Description Level, Sidewalks, Streetlights
Foundation Concrete Perimeter
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan, Public
New Construction false
Schools
Elementary Schools Nightingale Elementary School
High Schools Gage Park High School
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition Exclusions-Call List Office
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Bought with Erick Escobedo • Realty of Chicago LLC
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