Historic Fairchild Shores Apartment Building Sells for $5 Million in Thriving Edgewater Market

By Socialhood News · Il/Chicago/Edgewater · November 27, 2025

Edgewater's real estate market continues to demonstrate strong investor confidence with the recent $5 million sale of Fairchild Shores, a 28-unit multifamily property located at 6211 North Kenmore Avenue. The transaction, which closed on November 25, was facilitated by Essex Realty Group, with principals Steve Livaditis and Matt Feo representing both buyer and seller in the deal.

The historic building offers immediate value-add potential for its new ownership, featuring renovated studio and one-bedroom apartments with parking accommodations. Strategically positioned just one block from Loyola University's Lake Shore Campus and Rosemont Avenue Beach, the property combines prime location with renovation potential. "The in-place rents were approximately 15% below comparable assets in this pocket of Edgewater," noted the Essex team, highlighting the investment opportunity.

This transaction underscores Edgewater's continued appeal as a sought-after North Side submarket, where historic character, popular beaches, and expanding retail and dining options attract both residents and investors. Community members can expect to see thoughtful improvements to the property in the coming months, further enhancing the neighborhood's housing stock. For more information about this and other real estate developments in the area, residents can contact the Edgewater Chamber of Commerce.

Sources:
1. https://www.multifamilybiz.com/pressreleases/18226/essex_realty_group_arranges_5_million_sale_of_fair...