5759 N Elston Avenue, Chicago, IL 60646
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
5759 N Elston Avenue,Chicago, IL 60646
$740,000
- 8 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Nov 0112:00 pm - 02:00 pm
Listed by: karla mina
Office: mpower residential brokerage llc.
MLS#:12796696
Source:MLSNI
Price summary
- Price:$740,000
About this home
OVER $200,000 IN IMPROVEMENTS over the last three years! This is not a flip, just a well-managed and exceptionally improved opportunity in Jefferson Park featuring a legal 2-flat with a finished English garden unit. A rare find! Especially with BOTH upper units offering 3 bedrooms and 1.5 baths. Extensively updated in 2024-2025, this turnkey property delivers the space, condition, and income potential investors and owner-occupants are looking for. Both legal units feature spacious layouts, separate dining rooms, additional kitchen/dining areas, recessed lighting, and beautifully updated kitchens with quartz countertops, stainless steel appliances, and ample cabinetry. Updated bathrooms and modern finishes make these units stand out. The improvements go well beyond cosmetics, including a new roof, windows, gutters, tuckpointing, flooring, kitchens, bathrooms, and an upgraded rooftop deck over the garage-all completed in 2024-2025. Enjoy the benefits of substantial recent investment without the immediate expense of major renovations. The income is already working for you! Unit 1 is leased at $2,650/month, and Unit 2 at $2,400/month, generating $5,050/month or $60,600 annually in current gross rental income. The finished garden unit is currently vacant and offers 2 bedrooms and 1 full bath, presenting additional flexibility for an owner-occupant, extended household, or potential rental income, subject to applicable zoning, permits, and legal occupancy requirements. If approved for rental use, estimated rent of $2,300/month could bring potential gross income to $7,250/month or $87,000 annually. Explore the short-term rental opportunity! AirDNA market data provided by the seller indicates an average daily rate of $116 and 69% occupancy. At those market benchmarks, a qualifying short-term rental could generate approximately $29,200 in gross annual booking revenue for one unit. Combined with the existing leases, the property presents a potential gross revenue opportunity of approximately $89,800 annually, assuming the garden unit is legally approved for short-term rental use and achieves the stated market performance. Actual results will vary, and gross revenue excludes operating expenses. Additional features include rear decks, a rooftop deck over the 2-car garage, shared outdoor space, and coin-operated laundry. Enjoy convenient access to the Kennedy Expressway (I-90/I-94), O'Hare International Airport, and the Jefferson Park transportation hub, with CTA Blue Line and Metra connections. Nearby shopping and everyday conveniences include Jefferson Park Plaza, Gladstone Corners, Mariano's, and Jewel-Osco, along with neighborhood restaurants, cafes, parks, and local businesses....
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Home facts
- Year built:1983
- Listing ID #:12796696
- Updated:October 30, 2026 at 12:10 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Rooms Total:13
- Bathrooms Description:No Tub
- Basement Description:Finished, Full
Heating and cooling
- Heating:Radiator(s)
Structure and exterior
- Roof:Flat
- Year built:1983
- Lot area:0.07 Acres
- Exterior Features:Roof Deck
- Foundation Description:Concrete Perimeter
Schools
- High school:Taft High School
- Middle school:Farnsworth Elementary School
- Elementary school:Farnsworth Elementary School
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$740,000
- Tax amount:$10,594 (2025)
Features and amenities
- Amenities:CO Detectors, Ceiling Fan(s)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:2
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 5759 N Elston Avenue
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