Jefferson Park Homes under $750,000

Jefferson Park Homes under $750,000

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Newest Jefferson Park Homes under $750,000

5759 N Elston Avenue, Chicago
$740,000
8 Beds ⋅ 5 Baths ⋅ 12796696 MLS ⋅ NEW Status
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.

5759 N Elston Avenue, Chicago

5533 W Higgins Avenue Unit #304, Chicago
$365,000
2 Beds ⋅ 2 Baths ⋅ 12795746 MLS ⋅ NEW Status
Elegant, beautifully updated, and move-in ready! Welcome to this stunning 2-bedroom, 2-bathroom condo located on the third floor of a meticulously maintained, all-brick elevator building in the highly desirable Jefferson Park neighborhood. This spacious and beautifully appointed residence offers the perfect combination of style, comfort, and convenience. Freshly painted throughout, the unit features open-concept kitchen with abundant cabinetry, elegant granite countertops, a stylish backsplash, a center island, and newer stainless steel appliances. Recessed lighting throughout the kitchen, living room, and hallway adds warmth and brightness to the inviting interior. The sun-filled living room showcases hardwood flooring, elegant crown molding, and direct access to a private balcony-perfect for relaxing and unwinding.The generously sized primary suite is a true retreat, featuring spacious closets, custom built-in storage cabinetry, and a beautifully renovated private bathroom with a separate shower and double vanity. The second full bathroom has also been tastefully updated. Exceptional storage and parking truly set this condo apart! Enjoy the convenience of in-unit laundry, an impressive private garage space enclosed by walls, an additional assigned outdoor parking space, and an oversized private storage room offering incredible organizational possibilities. Ideally situated in a fantastic Jefferson Park location, just minutes from public transportation, including buses and trains, as well as shopping, restaurants, and everyday conveniences. Beautifully updated, exceptionally maintained, and offering so much more than the average condo-this is a rare opportunity you don't want to miss! Schedule your private showing today and prepare to be impressed!

5533 W Higgins Avenue Unit #304, Chicago

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