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2127 S Fairfield Ave
Multi-Family
New
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$600,000

2127 S Fairfield Ave, Chicago

49% below median
8 bd·4 ba·0 sqft
South Lawndale

2127 S Fairfield Ave, Chicago, IL

8 bd · 4 ba · 0 sqft Multi-Family listed at $600,000 in the South Lawndale neighborhood.

About this home

Exceptional 4-unit investment opportunity featuring four spacious 2-bed /1-bath apartments with a strong, stable tenant base providing immediate continuity of income and owner-occupant opportunity. The property has undergone extensive capital improvements, including a full roof and chimney rebuild with warranty, exterior stairs and railings, two newer furnaces, updated hot water heaters, and recent tuckpointing. Unit 1F was fully remodeled in 2025 with a new kitchen, appliances, bathroom, and flooring. The building offers significant upside potential with below-market rents, plus value-add opportunities through further unit enhancements, potential in-unit laundry, and the possibility to expand into the basement or attic for additional income streams. Ideal for both investors seeking yield and owner-occupants looking to offset expenses through rental income, this is a well-maintained asset with strong fundamentals and room to grow.

Property details

Price
$600,000
Bedrooms
8
Bathrooms
4
Type
Multi-Family
Days on market
11
Est. property tax
$12,480/yr · $1,040/mo · 2.08% IL avg
Last sold
$295,000 · Jan 2021

Estimated monthly payment

Down payment20% ($120,000)
Interest rate6.75%
Principal & Interest$3,113
Property Tax$550
Insurance$150
Total$3,813/mo

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Price history

$656K$319K$-19K$38K on May 88 (Sold)$90K on Jul 92 (Sold)$124K on Sep 94 (Sold)$190K on Oct 02 (Sold)$184K on Mar 07 (Initial list)$168K on Sep 07 (Initial list)$184K on Sep 07 (Price change)$168K on Dec 07 (Price change)$130K on Apr 08 (Sold)$295K on Jan 21 (Sold)$600K on Apr 26 (Initial list)
$38K · May 88$600K · Apr 26
  1. Apr 14, 2026$600,000Initial list price
  2. Jan 21, 2021$295,000Sold
  3. Apr 16, 2008$130,000Sold
  4. Dec 18, 2007$168,000Price change
  5. Sep 17, 2007$184,000Price change
  6. Sep 17, 2007$168,000Initial list price
  7. Mar 23, 2007$184,000Initial list price
  8. Oct 22, 2002$190,000Sold
  9. Sep 2, 1994$124,000Sold
  10. Jul 30, 1992$90,000Sold
  11. May 24, 1988$37,500Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 2127 S Fairfield Ave, Chicago
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Home Intelligence

Neighborhood (zip 60608)

This neighborhood is primarily renter-occupied (40% owner-occupied). Median age is 34.1; 19% hold a bachelor's degree; median household income is $66,821.

Median income
$66,821
Median age
34.1
Owner-occupied
39.5%
Bachelor's degree
19.1%
Census median home value
$321,600

Source: US Census Bureau American Community Survey 5-year estimates.

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