REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Elijah Reese

elijah@serenerealtyinc.com +1(312) 848-2947

Listed by Jennifer Schreiberof Baird & Warner

Est. payment -/mo

Save

New

5351 W Foster AVE Chicago, IL 60630

7 Beds

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12713816

Bedrooms 7

Year Built 1915

Annual Tax Amount $11,561

Tax Year 2024

Lot Dimensions 35 X 125

Property Sub-Type Two to Four Units

Property Description

Rare opportunity to own a fully renovated, income-producing 2-flat in the heart of Jefferson Park! Offering more than 3,000 square feet of living space and impressive rental income, this turnkey property is ideal for investors or owner-occupants looking to substantially offset their monthly expenses. Unit 1 is currently rented for $3,200/month, while the beautifully remodeled second-floor unit offers projected rental potential of approximately $2,900/month, bringing total pro forma rental income to approximately $6,100/month or $73,200 annually. Each unit features three bedrooms, one full bath, abundant natural light, and separate utilities including Central Air. The first-floor unit offers hardwood floors, a generous living and dining space, and a spacious kitchen with white cabinetry, stainless steel appliances, granite countertops, and an oversized island with seating for four. The second-floor unit was remodeled just this year and features luxury vinyl flooring, a gorgeous new kitchen with white cabinetry, quartz countertops and new stainless steel appliances, plus its own in-unit washer and dryer and updated bathroom. Finally, the finished lower level with a washer / dryer, large family room, additional bedroom and full bath provides exceptional additional living space. 3 floors and 3 bathrooms - one on each level! Major property improvements include a newer roof, drain tile and sump pump. Outside, enjoy a fully paved, low-maintenance backyard, two-car garage, and additional parking pad. Conveniently located near the Jefferson Park Blue Line and Metra stations, I-90/94, O'Hare, schools, parks, shopping and restaurants. With substantial current and projected rental income, extensive recent improvements, separate utilities, and excellent long-term potential, this is a truly turnkey opportunity in one of Chicago's most desirable Northwest Side neighborhoods.

Location

State IL

County Cook

Community Park, Sidewalks, Street Lights

Zoning MULTI

Rooms

Basement Finished, Rec/Family Area, Sleeping Area, Full

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Sewer Public Sewer

Water Lake Michigan

Structure Type Other

New Construction false

Schools

Elementary Schools Beaubien Elementary School

Middle Schools Beaubien Elementary School

High Schools Taft High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany, Corporate Relo

NEARBY SCHOOLS & PROPERTIES

Elijah Reese

Designated Managing Broker | License ID: 471019825

+1(312) 848-2947

GET MORE INFORMATION

Elijah Reese

5351 W Foster AVE Chicago, IL 60630

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

5351 W Foster AVE

Free Account Required