242 North Mayfield Avenue

Chicago, IL 60644

$399,900
Price
4
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 242 N Mayfield, a well-maintained 4-unit building offering fantastic income potential. Each unit features 1 bedroom and 1 bathroom, with three units already tenant-occupied, making this an excellent opportunity for a savvy investor. Whether you're looking to add a solid income-producing property to your portfolio or seeking the perfect setup to live in one unit and rent out the others for steady cash flow, this building offers it all. With its great condition and prime location, this is...Welcome to 242 N Mayfield, a well-maintained 4-unit building offering fantastic income potential. Each unit features 1 bedroom and 1 bathroom, with three units already tenant-occupied, making this an excellent opportunity for a savvy investor. Whether you're looking to add a solid income-producing property to your portfolio or seeking the perfect setup to live in one unit and rent out the others for steady cash flow, this building offers it all. With its great condition and prime location, this is a turnkey investment waiting for you!
  1. Listed by Cristino Aguirre • Realty of Chicago LLC
  2. Listed by Miguel Aguirre • Realty of Chicago LLC

Property Details for 242 North Mayfield Avenue

Area
CHI - Austin
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Heat/Fuel
Forced Air, Indv Controls
LISTING UPDATED: 09/11/2024 12:06 AM

Property Details for 242 North Mayfield Avenue

StatusActive
MLS #12156287
Days on Market24
Taxes$2,954 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1949
Lot Size0.13 AC / 5,662 SF
CountyCook County

Building Information for 242 North Mayfield Avenue

Stories-Residences4Year Built1949Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 242 North Mayfield Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 4
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 5,900
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 200
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 5800
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash, Other
  • Public Document Count: 1
  • Document Date: 2024-09-05T18:06:12
  • Photos Count: 24
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 04/25
Unit 2
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 11/24
Unit 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: OWN

Property History for 242 North Mayfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 North Mayfield Avenue

Taxable ValueLand$5,605Additions$8,395Total$14,000
Tax Record2022$2,880 ($240 / month)
Home Facts
Baths4Total Finished SqFt2,702 SqFtAbove Grade Finished SqFt2,702 SqFtStories2Lot Size5,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1949CountyCOOKAPN16-08-407-023

Schools near 242 North Mayfield Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Ellington Elementary School
PublicPK to 8

Austin College and Career Acad High School
Public9 to 12

Catalyst Circle Rock Elementary School
CharterK to 8

Douglass Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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242 North Mayfield Avenue is a multi-family home for sale in Chicago, IL 60644. This property was listed for sale on September 5, 2024 by Realty of Chicago LLC, it's currently listed at $399,900. It has been on the market for a total of 24 days and was last sold on August 13, 2021. This listing's school district is City Of Chicago School District 299. Nearby schools include Ellington Elementary School, Austin College and Career Acad High School and Catalyst Circle Rock Elementary School. 242 North Mayfield Avenue is a 4-bed, 4-bath, multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty of Chicago LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/11/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.