$625,000
5761 N Elston Avenue
Chicago, IL, 60646
Welcome to this beautifully updated (2021) and meticulously maintained legal 2-flat in the heart of Jefferson Park! This is the kind of opportunity savvy investors and house hackers dream about. Let’s talk about the units: Both feature modern kitchens with sleek stainless steel appliances, elegant quartz countertops, and tons of natural light pouring into two bright, spacious rooms with ample closet space. Both bathrooms have been tastefully updated, so no work needed there! Now, the income potential is serious: Basement unit – Rented to a reliable month-to-month tenant at $1000/month; Unit 1 – Former owners unit rented at $1,875/month, Currently month to month – Unit 2 – with the lease ending in June $1,700/month. Additional highlights include a washer and dryer (new in 2021), two boiler systems, and two water heaters (2021, 2025). Plus, you’ve got three separate electric and gas meters, which makes managing expenses easy. Out back, there’s a nicely sized backyard and a two-car garage currently used by the tenants. Commuting? No problem – the Jefferson Park Blue Line is just down the street, and you’re surrounded by great restaurants and bars. This is the perfect setup for a live-in landlord – live in one unit, rent out the others, and let your tenants help cover the mortgage. Or, rent them all and watch the cash flow roll in! (Note: Sellers cannot guarantee the legality of the basement unit.) This one’s a winner – don’t miss it!
Property Details
Price:
$625,000
MLS #:
MRD12309249
Status:
Active Under Contract
Beds:
5
Baths:
3
Address:
5761 N Elston Avenue
Type:
Multi Family
Neighborhood:
CHI – Jefferson Park
City:
Chicago
Listed Date:
Mar 20, 2025
State:
IL
ZIP:
60646
Year Built:
1925
Schools
School District:
299
Elementary School:
Farnsworth Elementary School
Middle School:
Farnsworth Elementary School
High School:
Taft High School
Interior
Heating
Baseboard, Radiator(s)
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking Spots
2
Financial
Tax Year
2023
Taxes
$7,178
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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5761 N Elston Avenue
Chicago, IL
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