Listing provided courtesy of Kale RealtyMREDas Distributed by MLSGrid- MLS# 12673400MLS Provider

4988 N Elston AvenueChicago, IL 60630

Multi-Family · 9 Beds
$1,250,000 Active

4988 N Elston Avenue Overview

Time on Site:
8 days
Visits:
0

First time to market! This extra large Mayfair three-flat is not only in pristine condition, but it also has an amazing two-floor owner's suite complete with a private rooftop deck! These owners did the legwork to change the zoning to mixed-use for the most income potential! As a result, the well-appointed garden unit can either be a business or residential unit, but it is perfectly equipped to be residential with its own private entrance! The elevated first floor unit boasts stunning original woodwork and hardwoods, three bedrooms, two full bathrooms, and an all stainless steel kitchen. The second floor unit is a duplex-up owner's suite, offering the perfect arrangement for an owner-occupied investment property or a high-income rental unit. The second floor unit has potential for four bedrooms, with one bedroom currently serving as the owners' closet. The top floor family room/potential bedroom has it's own private entrance off the beautifully maintained rear stairwell, as well as a charming spiral staircase from the bedroom below. The real star of the show is the gorgeous, private roof deck with unobstructed, West-facing views! All three units have dishwashers, central air, and dedicated laundry downstairs, but the top-floor suite also has in-unit laundry in the upstairs bathroom. There is additional storage with easy access on the top floor for holiday decor, camping gear, etc. This property has truly been exceptionally maintained by the lifetime owners, including weekly landscaping. Red brick exterior, well-preserved woodwork, updated windows, updated kitchens and baths, a fenced yard, and an extra tall 2-car garage off the extra-wide alley. There's so much charm, quality, and history in this fantastic property! These longtime live-in landlords are ready for their next chapter, and now it's your turn to live in a one-of-a-kind property with the best bones! Easy access to the Metra, Foster & Lawrence buses, 90/94, and close to Target, Starbucks, L.A. Fitness, Gompers Park, forest preserves, and more! See the video walk-through of the owner's suite!

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4988 N Elston Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1909

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Albany Park
  • Township: Jefferson

Community/Development

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $3,254.23
  • Tax Year: 2024

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 13103080150000
  • Property Type: Residential Income
  • Special Listing Conditions: List Broker Must Accompany
  • Zoning: OTHER

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 5

General Information

  • Basement: Finished, Exterior Entry, Daylight
  • Heating: Natural Gas
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters, Security Cameras, Water Heater-Gas
  • Rooms Total: 16

Exterior

Parking Information

  • Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached
  • Parking Total: 2

Lot Information

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Dimensions: 3100 sq ft
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Brick, Frame

General Information

  • Exterior Features: Lighting
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1700
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 2100
  • Beds Total: 3
  • Baths Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 0
  • Beds Total: 4
  • Baths Total: 2

4988 N Elston Avenue Neighborhood

Community

60630 (Chicago) Demographics

40
Median Age
11,662
Population Density (per sq. mile)
49%
College Educated
$78,703
Estimated Median Income
13,868
Estimated Total Home Owners
7,000
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4988 N Elston Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4988 N Elston Avenue Market Data

Based on the last 30 days in this zip code

$524,541
Average List Price
$355
Average Price per Square Foot
37
Properties Sold
32
Average Days on Market
83
Properties for Sale
Calculations provided by Reliance Network

4988 N Elston Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/22/2026Source: MRED Added to Database
June 22, 2026