5125 South Elizabeth, Chicago IL 60609
$499,000

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Property Description

Beautifully updated and well-maintained, this frame 3-flat is a great opportunity for both investors and owner-occupants. The first and second floors each offer 2 bedrooms and 1 bathroom, while the spacious third floor features 3 bedrooms, 1 bathroom, and a large family room-perfect for additional living space or entertaining. All units have been updated with modern kitchens that include granite countertops and stainless steel appliances, providing a contemporary feel throughout. This property is move-in ready with major improvements already completed, including a new roof, separate utilities for each unit, and a 3-year-new garage. The exterior is equally impressive with a brand-new fence, deck, and concrete, as well as a custom firepit with built-in bench seating-ideal for gatherings and relaxing outdoors. Located within walking distance to Sherman Park, the public library, public transportation, and local shops, this property also offers easy access to the I-90 Expressway, making commuting a breeze. All rental income figures are projected, offering strong potential for positive cash flow. Don't miss this opportunity to own a fully updated, income-generating property in a prime location.

Features & Information

Key Details

  • List Price $499,000
  • Property Taxes $843.74
  • Price/ Sq. Ft. Unavailable
  • Year Built 1895
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 15
  • Basement N

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Frame
  • Foundation Concrete
  • Heating & Cooling Gas, Solar
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator
  • Unit 3 Stove, Refrigerator

Location

  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property 51st To Elizabeth, South To Property.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 843.74
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20083070130000

Utilities

  • Sewer Sewer-Publ

Listed by Ronald Ohr for Avenue 1 Realty Group | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 8/28/2025 10:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Explore Back of the Yards

The Back-of-the-Yards neighborhood is one of the original communities of the American Industrial Revolution. This was the site of radical social change that moved the country forward with progress in labor relations and how society views laborers. The slaughterhouses and harsh working conditions attracted both reformers and authors who acted as advocates for the everyman. Now the neighborhood is an intriguing place to explore, with a plethora of parks and a strong, diversified community that is expanding on its industrial base. Classic Chicago bungalows are joined by other single-family homes and some condominium conversions to give homeowners a wide range of real estate to choose from. Specialty grocery stores and an international selection of restaurants round out the backdrop of Chicago's Back-of-the-Yards neighborhood.

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