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Craig Hogan

[email protected] +1(773) 742-5929

$ 625,000

Est. payment -/mo

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Active Under Contract

5761 N Elston AVE Chicago, IL 60646

5 Beds

3 Baths

3,049 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12309249

Bedrooms 5

Year Built 1925

Annual Tax Amount $7,178

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

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!

Location

State IL

County Cook

Area Chi - Jefferson Park

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Baseboard, Radiator(s)

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

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

Virtual Tour https://my.matterport.com/show/?m=PxufaWd6t42&mls=1 (Link- https://my.matterport.com/show/?m=PxufaWd6t42&mls=1)

Listed by Greg Whelan • Redfin Corporation

Craig Hogan | Rudy Zavala

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