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New Construction in UIC Medical District 1356 S Fairfield Ave

3 Unit Block of Flats £697,857 (£232,619/Unit) 7.42% Net Initial Yield Chicago, IL 60608

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Investment Highlights

Gorgeous NEW Construction 3-unit in Booming UIC Medical District.
Contemporary & Modern design with the perfect blend of city living and convenience.

Set alongside multiple other New Developments, this area is rapidly appreciating.
Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in this high inflation environment.

Executive Summary

Gorgeous NEW Construction 3-unit in Booming UIC Medical District. Set alongside multiple other New Developments, this area is rapidly appreciating. Built by an experienced builder, The Fargo Group, and includes 1 year developer's warranty. Contemporary & Modern design with the perfect blend of city living and convenience. Each unit has a spacious, open-concept layout and condo quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in unit laundry, and beautifully tiled floors. Each unit is a large, 1,350 sq ft 3 bed/ 2 bath, with a luxury master bathroom at the rear. The units will rent easily and proforma rents are $6,000/month. The developer added soundproofing for added privacy. Prime investment opportunity, positioned for cash flow, appreciation, and creating generational wealth in this high inflation environment. Can arrange property management for any out-of-state buyers. Late December Delivery

Property Facts

Price	£697,857	Building Class	B
Price Per Unit	£232,619	Lot Size	0.07 AC
Sale Type	Investment	Building Size	3,750 SF
Net Initial Yield	7.42%	Average Occupancy	0%
No. Units	3	Number of Floors	3
Property Type	Residential	Year Built	2024
Property Subtype	Apartment	Parking Ratio	0.8/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£697,857
Price Per Unit	£232,619
Sale Type	Investment
Net Initial Yield	7.42%
No. Units	3
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.07 AC
Building Size	3,750 SF
Average Occupancy	0%
Number of Floors	3
Year Built	2024
Parking Ratio	0.8/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.