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Manan Patel

mananpatel@legacypropertiesil.com +1(331) 645-9376

$ 740,000

Est. payment | -/mo

8 Beds

5 Baths

Save

$ 740,000

Est. payment | -/mo

Save

8 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12796696

Bedrooms 8

Year Built 1983

Annual Tax Amount $10,594

Tax Year 2025

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

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 lower level with a summer kitchen, two additional bedrooms and one full bathroom. 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. 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. 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.

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

Garage Spaces 2.0

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

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

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(331) 645-9376

mananpatel@legacypropertiesil.com

5759 N Elston AVE Chicago, IL 60646