Essex Realty Group, LLC is pleased to present Fairchild Commons, a 41-unit multifamily courtyard building located in Chicago’s vibrant Rogers Park neighborhood. The property is ideally situated just one block from the Loyola Red Line station, a quarter-mile walk to Loyola University’s Lake Shore Campus, and steps from Lake Michigan, offering residents unmatched access to transit, education, and recreation.

This attractive courtyard-style building features a well-balanced unit mix comprised of twenty-one (21) one-bedroom/one-bath units, ten (10) two-bedroom/one-bath units, six (6) three-bedroom/one bath units, and three (3) three-bedroom/two-bath units. Additionally, there is one (1) studio apartment in the garden level, along with several massive basement spaces with significant ceiling height, that a new owner may choose to convert to additional apartments, storage, or other creative amenity space.

Renovated in 2019, all apartments feature spacious layouts, large bedrooms, ample closet space, hardwood and Luxury Vinyl flooring, modern kitchens and bathrooms with quartz countertops, stainless steel appliances, dishwashers, and white cabinetry. Additionally, all apartments are flooded with natural light and many offer separate dining rooms. Residents also enjoy a beautifully landscaped courtyard, convenient on-site laundry, and secure bike storage.

Fairchild Commons presents a new owner with demonstrable rental upside in the apartments. A new owner could enjoy approximately 9-10% increases in rents by marking the remaining apartments to match the high level of rents already being achieved in the building for each respective unit type.

Known for its beaches, vintage apartments, cultural diversity, and Loyola University, Rogers Park is one of Chicago’s most robust lakefront communities. Just ten miles North of Chicago’s Central Business District, Rogers Park has convenient transportation to and from the city including four CTA train stations (Loyola, Morse, Jarvis, & Howard stops); one Metra Train stop at Lunt Avenue; five local bus lines; and the Howard Bus and CTA train terminal which is the starting point for travel throughout the northern suburbs.

Rogers Park, boasting a population of just over 60,000 people, stretches along Lake Michigan between Devon and Howard and runs west to Ridge Avenue. The neighborhood is home to over 130 restaurants and just as many diverse retail offerings along its central corridors and quaint, tree-lined streets. In the last few years, the community has seen significant appreciation in multi-family properties sparked by a rising population of young business professionals and families moving to the area to take advantage of the neighborhood’s rich culture, intimate setting, and attractive housing.

• Prime Loyola University Location – One Block from the Loyola Red Line, Steps from Lake Michigan, and .25 Miles from Loyola University's Campus
• Deep Courtyard Building with Large Layouts – Renovated in 2019 with Modern Kitchens, Baths & Finishes
• Multiple Oversized Basement Areas – Potential for Unit Additions, Storage, or Amenity Space
• Current Rents ~10%+ Below Market – Upside Opportunity Through Mark-to-Market Leasing Strategy