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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
Legal 3-unit building, build in 1976. Great investment opportunity -look at the income $66,200-or live in one unit and rent the other two! All apartments were luxuriously...
- 8 Beds
- 5 Baths
- MRD11052783 MLS
- ACTIVE Status
You cannot miss this opportunity beautiful building in Jefferson Park first &second floor have 3bedrooms 2full bathroom with formal living room , hardwood floor ,huge ki...
- 8 Beds
- 5 Baths
- MRD11012167 MLS
- ACTIVE Status
None
- 8 Beds
- 5 Baths
- MRD11047016 MLS
- ACTIVE Status
Jefferson Park two flat with finished basement. First unit 1800 square feet duplexed with 3 bedroom, 2 baths. 2nd unit 900 square feet, 3 bedrooms, 1 bath, Basement fin...
- 8 Beds
- 4 Baths
- MRD11041300 MLS
- ACTIVE Status
Prime Portage Park location! Spacious & meticulously maintained by long time owner all brick 2 flat extra WIDE lot surrounded by single family homes on a quiet tree lined...
- 4 Beds
- 3 Baths
- MRD11026600 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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Based on information submitted to the MRED as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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