For Sale $5,100,000
Property Type Multi-Family
Property Size 17,125 SF
Units 28
Date Updated May 3, 2024

N/AKiser Group has been exclusively engaged to market for sale Fairchild Shores, a 28-unit 4+1 style building in Chicago's Edgewater community. The property is located just one block from the Loyola University Campus and one block from Lake Michigan. The building is comprised of twelve (12) studio apartments, sixteen (16) 1 bedroom / 1 bathroom units and includes 19 parking spaces. Ownership renovated common area spaces, modernized units and created open floor plans, including new kitchens, baths, flooring, doors, and windows in the units. Additionally, plumbing and electrical throughout the building was replaced, the parking lot was resurfaced, and laundry rooms were added on every floor by converting existing storage rooms. Current rents are on average 18% below market for nearby apartment buildings with similar finishes (see rent survey pages), allowing for new ownership to operate more aggressively.

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Highlights

12 studio apartments,(16 1 bedroom / 1 bathroom units and 19 parking spots
Located one block from Loyola University and one block from Lake Michigan
Historically high occupancy
Renovated unit-mix

Contacts

Jacob Price

Kiser Group

(773) 293-5045

Location

Getting Around

Walk Score ®
91/100 Walker's Paradise
Transit Score ®
69/100 Good Transit
Bike Score ®
77/100 Very Bikeable

City Chicago, IL
Neighborhood Edgewater Beach
Zip Code 60660
Market Chicago

Points of Interest

Granville

0.14 miles
Thorndale

0.36 miles
Loyola

0.48 miles
Bryn Mawr

0.80 miles
Morse

1.02 miles
Rogers Park

1.40 miles
Argyle

1.50 miles
Jarvis

1.59 miles
Howard

1.86 miles
Skyline Chicago Limo

1.91 miles

Citgo

0.64 miles
Shell

0.66 miles
Marathon

0.72 miles
Shell

0.76 miles
BP

1.03 miles
Citgo

1.07 miles
Marathon

1.07 miles
Shell

1.26 miles
BP

1.33 miles
Amoco

1.54 miles

Loyola Parking Structure

0.29 miles
7331 N Sheridan Self-Park

1.41 miles
Howard Park & Ride

1.78 miles
Ravenswood Medical Center

2.43 miles
Swedish Covenant Hospital

2.63 miles
Park Plaza Parking Lot

2.67 miles
Evanston Lot 39

2.68 miles
Budget Rental Parking Lot

2.70 miles
Parking Lot 42

2.75 miles
Cubs Camry Lot

2.97 miles

Hampton Inn Chicago North-Loyola Station

0.55 miles
Heart O' Chicago Motel

0.86 miles
Super 8 by Wyndham Chicago

1.39 miles
The Guesthouse Hotel

1.77 miles
Jesus People Evangelical Covenant Community

2.03 miles
Apache Motel

2.08 miles
Guest House Motel

2.11 miles
O-Mi Motel

2.14 miles
Summit Motel

2.20 miles
Diplomat Motel

2.24 miles

Pete's Pizza

0.10 miles
Dak

0.11 miles
Gino's North

0.13 miles
Summer

0.15 miles
Revival Social Club

0.16 miles
McDonald's

0.17 miles
Subway

0.17 miles
Ann Sather

0.18 miles
Jimmy John's

0.20 miles
Ethiopian Diamond

0.25 miles

Sacred Heart Schools

0.05 miles
Loyola University Chicago

0.29 miles
George B. Swift Specialty School

0.40 miles
Swift Elementary School

0.42 miles
Northside Catholic Academy

0.46 miles
Chicago Waldorf School - Buttercup Room

0.54 miles
Chicago Waldorf School

0.59 miles
Hayt Elementary School

0.62 miles
Senn High School

0.67 miles
Sullivan High School

0.81 miles

Toddler Town Day Care

2.55 miles
Ladybug & Friends Daycare

2.84 miles
Ravenswood Manor Child Care

3.15 miles
Little Angels

3.24 miles
Tot Learning Center

3.72 miles
Bright Horizons

3.85 miles
Kids' Work Chicago Too

3.89 miles
Rainbow School Daycare

3.94 miles
Rainforest Pre-School & Infant Center

4.74 miles
La Escualita Daycare

4.98 miles

Frequently Asked Questions

What is the lease rate for Fairchild Shores?

Rental asking rate at Fairchild Shores is $2,550,000.00/YR.

What is the total square footage of Fairchild Shores?

Fairchild Shores totals 17,125 square feet.

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