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O'Neia Washington

oneia@owauctiongroup.com +1(773) 985-2135

$ 790,000

Est. payment | -/mo

8 Beds

5 Baths

3,049 Sqft Lot

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$ 790,000

Est. payment | -/mo

Save

8 Beds

5 Baths

3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12740081

Bedrooms 8

Year Built 1983

Annual Tax Amount $5,513

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

Amazing investment opportunty to own an updated legal 2-flat with a finished English Garden Unit with HIGH ceilings in Jefferson Park. This property offers generous living space, strong rental income, and excellent flexibility for an investor, owner-occupant, or multi-generational household. Both Unit 1 and Unit 2 feature 3 bedrooms and 1.5 bathrooms with thoughtfully redesigned floor plans that provide larger bedrooms than typically found in vintage Chicago buildings. Each unit offers bright living spaces, recessed lighting, updated kitchens with quartz countertops, stainless steel appliances, and ample cabinetry, plus one full bathroom and a convenient powder room. Unit 1 is currently leased at $2,650 per month, including electricity, gas/heat, water, trash removal, landscaping, and one garage parking space. Unit 2 is currently leased at $2,400 per month, including electricity and water. Together, the two legal units currently generate $5,050 in monthly rental revenue, or $60,600 annually. The finished basement is currently vacant but can provide additional flexible living space with 2 bedrooms and 1 full bathroom and an estimated rental potential of approximately $2,300 per month (MLS Comparable#: 12616160), subject to applicable laws, zoning, approvals, and permitted use. If legally approved for rental use, the property's potential combined gross income could reach approximately $7,250 per month or $87,000 annually. Additional features include an oversized deck above the garage, shared outdoor space, rear decks, and coin-operated washer and dryer, providing added convenience and potential supplemental income. Conveniently located near shopping, dining, transportation, parks, and neighborhood amenities, this is a versatile income-producing property with updated interiors, spacious layouts, and excellent long-term potential. Schedule your private showing today and explore everything this unique Chicago 2-flat has to offer.

Location

State IL

County Cook

Area Chi - Jefferson Park

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Radiator(s)

Equipment CO Detectors, Ceiling Fan(s), Water Heater-Gas

Fireplace N

Exterior

Exterior Feature Roof Deck

Garage Spaces 2.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Flat

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Farnsworth Elementary School

Middle Schools Farnsworth Elementary School

High Schools Taft High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Karla Mina of MPower Residential Brokerage LLC

O'Neia Washington

Designated Managing Broker License ID: 471008905

+1(773) 985-2135 | oneia@owauctiongroup.com

5759 N Elston AVE Chicago, IL 60646

O'Neia Washington

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5759 N Elston AVE