Courtesy of MPower Residential Brokerage LLC, Mina Karla , karla@marketoverdrive.com;Karla@mpowerrealtors.com

5759 N Elston, Chicago, Illinois, 60646

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.

Active

$740,000

Multi-family

8 bds

5 ba

0.07 Acre

MLS

12796696

Built in 1983

10594.27 (2025)

Disclaimer: The information contained in this listing has not been verified by MPower Residential Brokerage LLC and should be verified by the buyer.

Information provided by MRED

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ADDRESS & DIRECTIONS

  • Street Address: 5759 N Elston
  • City: Chicago
  • State: Illinois
  • County: Cook
  • Directions:
    From N Milwaukee Ave & N Elston Ave, head SE on N Elston Ave toward the property. Continue SE on N Elston Ave to 5759 N Elston Ave. The property will be along N Elston Ave.

PROPERTY FEATURES

General Information

  • General Information : Commuter Bus,Commuter Train,Interstate Access

Heating /Cooling Features

  • Heating : Radiator(s)

Rooms Information

  • Bedrooms (Below Grade) : 0

Parking Features

  • 2 Total Parking

Construction Features

  • Construction Materials: Brick

Utility Information

  • Water Source : Lake Michigan, Public
  • Sewer Source : Public Sewer

SCHOOLS NEAR 5759 N Elston

  • Listings courtesy of Midwest Real Estate Data (MRED) | Chicago Association of REALTORS® as distributed by MLS GRID. The information being provided by Greater Northwest Indiana Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information related to real estate for sale referenced on the web site comes from Internet data exchange (IDX) program of the Greater Northwest Indiana Association of REALTORS. 618-Coldwell Banker Realty - Chicago is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of 618 Coldwell Banker Realty – Chicago, a broker participant of Greater Northwest Indiana Association of REALTORS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes is, deemed reliable but not guaranteed and should not be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Greater Northwest Indiana Association of REALTORS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited
  • Courtesy of MPower Residential Brokerage LLC, Mina Karla
  • Property last updated on MRED : 10/28/2026 10:05:11 PM