Fairchild Towers

5710 N. Winthrop, Chicago, IL 60660

  • For Sale $7,200,000
  • Property Type Multi-Family
  • Property Size 24,400 SF
  • Units 42
  • Date Updated May 3, 2024
N/AKiser Group has been exclusively engaged to market Fairchild Towers, a 42-unit vintage corridor building in Chicago's Edgewater community. The building has 25 studio apartments and 17 one bedroom / one bathroom units. In December of 2020, ownership started an 18 month, large-scale renovation project. The work included new building electrical, common space updates such as flooring, baseboards, lighting and doors. Units were renovated to modernize kitchens and baths with quartz countertops, shaker-style cabinetry, new flooring, lighting, etc,. Also, floor plans were reconfigured to offer open concept living, and windows were replaced to maximize natural light. 5710 N. Winthrop offers the opportunity to acquire a renovated asset with rental upside. Current rents are, on average, 15% below market for nearby apartment buildings with similar finishes (see rent survey pages), allowing for new ownership to operate more aggressively and move rents to market rates.

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Highlights

  • 25 studio and 17 1 bedroom / 1 bathroom units
  • Modernized unit mix
  • Rental upside with current rates around 15% below market

Contacts

broker

Jacob Price

Kiser Group

(773) 293-5045

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Transit Score ®

    70/100 Excellent Transit

  • Bike Score ®

    89/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Edgewater Beach
  • Zip Code 60660
  • Market Chicago

Points of Interest

  • Bryn Mawr

    0.17 miles

  • Thorndale

    0.30 miles

  • Granville

    0.59 miles

  • Argyle

    0.86 miles

  • Loyola

    1.06 miles

  • Wilson

    1.46 miles

  • Ravenswood

    1.49 miles

  • Morse

    1.58 miles

  • Skyline Chicago Limo

    1.65 miles

  • Damen

    1.72 miles

  • Shell

    0.06 miles

  • Marathon

    0.63 miles

  • BP

    0.69 miles

  • Marathon

    0.95 miles

  • National Car Wash

    0.98 miles

  • Citgo

    1.00 miles

  • Citgo

    1.01 miles

  • Shell

    1.04 miles

  • Citgo

    1.05 miles

  • BP

    1.23 miles

  • Loyola Parking Structure

    0.89 miles

  • Ravenswood Medical Center

    1.84 miles

  • 7331 N Sheridan Self-Park

    2.01 miles

  • Swedish Covenant Hospital

    2.27 miles

  • Howard Park & Ride

    2.33 miles

  • Cubs Camry Lot

    2.34 miles

  • Cubs Corolla Lot

    2.38 miles

  • Cubs Highlander Lot

    2.49 miles

  • Cubs Prius Lot

    2.54 miles

  • Commuter Parking

    2.66 miles

  • Heart O' Chicago Motel

    0.77 miles

  • Hampton Inn Chicago North-Loyola Station

    1.14 miles

  • The Guesthouse Hotel

    1.14 miles

  • Jesus People Evangelical Covenant Community

    1.42 miles

  • Apache Motel

    1.81 miles

  • Summit Motel

    1.85 miles

  • Guest House Motel

    1.87 miles

  • Diplomat Motel

    1.87 miles

  • O-Mi Motel

    1.91 miles

  • Super 8 by Wyndham Chicago

    1.98 miles

  • Edgewater Tacos

    0.14 miles

  • Alice and Friends' Vegan Kitchen

    0.15 miles

  • BBQ Chicken

    0.16 miles

  • Mango Pickle

    0.19 miles

  • Ras Dashen Ethiopian Restaurant

    0.20 miles

  • Mas alla del Sol

    0.20 miles

  • Rewired Pizza Cafe & Bar

    0.30 miles

  • Herb Restaurant

    0.37 miles

  • Patio Beef

    0.40 miles

  • Papa John's

    0.42 miles

  • Swift Elementary School

    0.22 miles

  • George B. Swift Specialty School

    0.25 miles

  • Senn High School

    0.49 miles

  • Helen C. Peirce School Of International Studies

    0.49 miles

  • St Gregory

    0.66 miles

  • Sacred Heart Schools

    0.67 miles

  • Saint Gregory Grade School

    0.68 miles

  • Goudy Elementary School

    0.70 miles

  • Saint Gregory High School

    0.72 miles

  • Northside Catholic Academy

    0.74 miles

  • Ravenswood Manor Child Care

    2.65 miles

  • Ladybug & Friends Daycare

    2.79 miles

  • Toddler Town Day Care

    2.96 miles

  • Little Angels

    3.24 miles

  • Kids' Work Chicago Too

    3.31 miles

  • Rainbow School Daycare

    3.44 miles

  • Tot Learning Center

    3.95 miles

  • Rainforest Pre-School & Infant Center

    4.12 miles

  • La Escualita Daycare

    4.38 miles

  • Little Bird Prep

    4.40 miles

Frequently Asked Questions

What is the lease rate for Fairchild Towers?

Rental asking rate at Fairchild Towers is $3,600,000.00/YR.

What is the total square footage of Fairchild Towers?

Fairchild Towers totals 24,400 square feet.

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Contact Listing Broker

broker

Jacob Price

Kiser Group

(773) 293-5045