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USAILChicago5759 N Elston Ave
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5759 N Elston Ave, Chicago, IL

House

For Sale

Listed price in listed location currency (USD).
$740,000

852

MLS® 12796696

Open House
Sun Nov 1, 12:00-2:00 PM CDT

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $10,594
Days Active 0
Lot Size 0.07 Acres
Approx. Age 1983
MLS® Number 12796696

Property Address: 5759 N Elston Ave, Chicago, IL, 60646-5549

Average square foot calculated using Size range provided by listing agent.

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 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.
MLS® Number12796696
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1983
BasementFinished, Full
DrivewayGarage Door Opener, Yes, Garage Owned, Detached, Garage
Garage Spaces
HeatRadiator(s)
A/C

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

44 days

Today, For Sale for $740,000

For Sale · 0 days

$740,000

MLS® 12796696

5 hours ago

Not Sold Yet

October 2026, For Sale for $740,000

For Sale · 0 days

$740,000

MLS® 12796696

5 hours ago

Not Sold Yet

  • Oct 6, 2026, For Sale for $769,000

August 2026, For Sale for $790,000

For Sale · 65 days

$790,000

MLS® 12740081

2 months ago

Not Sold Yet

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