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 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!
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 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.
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.
Welcome to this fantastic legally zoned 2-flat with a finished basement, conveniently located in the thriving Portage Park neighborhood. All three units were thoughtfully...
All brick 2 flat with non-conforming garden unit. Entire building recently remodeled thru-out. Gorgeous hardwood floors, trim and hallway from 1st to second floor. Large ...
RARE FIND, NOTHING TO COMPARE AT THE PRESENT TIME. SUNNY SPACIOUS TWO UNITS WITH 2 BEDROOMS EACH AND SEPARATE LIVING/ DINING ROOM. BASEMENT IS ONE BEDROOM FINISHED WITH ...
ATTENTION BUYERS/INVESTORS! GLADSTONE PARK! BEAUTIFUL BRICK CORNER 2/FLAT W/FRNT & REAR ENTRANCE , 2 CA BRICK GA, LARGE STORAGE SHEDS GREAT LOCATION EASY ACCESS TO TR...
Property may qualify for a $10,000 grant and interest rates below 7% through a preferred lender! Fantastic two-unit building in Jefferson Park/Mayfair. Featuring first fl...
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.
Copyright 2023 MRED LLC. All rights reserved.
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.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data is Updated Every 5-Minutes
Active Listings
Customizable Search Options
Sold Listings
New Listing Alerts
Instant Home Value Assessments
Pet-Friendly Condo Buildings