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2 Flats for Sale in Jefferson Park, Chicago
Located northwest of downtown Chicago, Jefferson Park is a spacious, affordable neighborhood with excellent access to public transportation and O’Hare International Airport. Jefferson Park has a great market for multi-families and is a great place to buy for families and investors alike.
Jefferson Park offers plenty of 2-flats for sale. With average rent for a 2-bedroom running at $1400/month, a 2-flat is a smart option that can cover part of your mortgage by living in one unit while renting out the other.
This neighborhood has the best of all worlds: affordable properties with great schools like Beaubien Elementary. Downtown is accessible in just 25 minutes via the Blue Line or in 15 minutes by car. Most buyers are young families looking for larger square footage than what’s available closer to the Loop.
Jefferson Park Multi-Family Properties
Jefferson Park has a great variety of multi-family homes. Whether you’re looking for supplemental cash or are wanting to invest, the neighborhood has great options. Many of these old brick buildings need some TLC, an excellent opportunity to boost property value with renovations while occupying/renting out other units!
Jefferson Park Prices and Trends
Since the 2008 recession, prices have increased substantially in Portage Park, and the uptrend will continue in 2021. In 2020 there were approximately 43 multifamily homes sold with an average sales price of $410,000. The average market time was 87 days for multifamily 2-4 units; however, properties priced right from the start usually sell within 30 days and typically sell for 96-97% of the listing price.
Multifamily homes in Jefferson Park have appreciated an average of 10% in the last year.
Jefferson Park’s Location - Zip Code 60630, 60646
Jefferson Park is located on Chicago’s Northwest side. It’s 11 miles from the city center and only 4 miles from O’Hare International Airport. West Montrose Avenue borders it to the south, I-94 to the east, and North Nagle Avenue to the west. Jefferson Park’s northwest corner is intersected by North Milwaukee Avenue and I-90, which runs through and provides access to the center of the neighborhood. Jefferson Park is bordered by Portage Park to the south, North Mayfair to the east, and Norwood Park and Forest Glen to the north and northwest.
Your Jefferson Park Multi-Family Real Estate Experts!
Our team at Chicago Real Estate Source has over 16 years of experience representing buyers and sellers for multifamily properties in the Northwest and North sides of town. If you’re considering Jefferson Park for your next home, we’re here to answer any questions and to help you start your search.
To see other great Chicago neighborhoods, check out multi-family properties in nearby Portage Park or Irving Park. You can also Contact us or go to our blog to read more about homes here in Chicago.
New Listings Jefferson Park
3 out of 8 condo units in fabulously rehabbed building. All 8 units also available for 1,800,000 if desired for an arm chair investment. All units rented and building w...
- 6 Beds
- 6 Baths
- MRD11340940 MLS
- ACTIVE Status
Commuters Dream! Legal brick 3-flat on oversized lot. 2-flat + legal garden unit has parking pad for 5 cars + large 2 car garage (currently rented for $250/month). Great ...
- 5 Beds
- 3 Baths
- MRD11443798 MLS
- ACTIVE Status
Immaculate condition two flat with a full in-law arrangement in the heart of Jefferson Park!!! Family owned for last 35 years. 8 bedrooms and 3 full baths. 3681 total fi...
- 8 Beds
- 3 Baths
- MRD11443751 MLS
- ACTIVE Status
Beautiful brick 2-Flat in desirable Jefferson Park location. Pride of ownership shines as the original features & updated creature comforts blend seamlessly in both units...
- 5 Beds
- 3 Baths
- MRD11413136 MLS
- RE-ACTIVATED Status
Beautiful Brick 3-Flat with 2 bedrooms in 1st & 2nd Floor and 1bdr/1bth in the garden unit. 2 & 1/2 car Garage and meticulously maintained landscaping on an oversized Cit...
- 5 Beds
- 4 Baths
- MRD11395839 MLS
- ACTIVE Status
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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