5426 N Lovejoy Avenue, Chicago IL 60630
Property Description
Welcome to this Lovingly Maintained Gladstone Park Gem! Owned and cherished by the same owner-occupant for over 20 years, this two-flat at 5426 N Lovejoy shines with true pride of ownership and consistent, thoughtful updates throughout. Featuring two units with 2 bedrooms and 1 bathroom, and an additional 1 bedroom, 1 bathroom unit (non conforming) in the basement, it's the perfect opportunity for an investor or an owner-occupant seeking a move-in-ready home with built-in income. You'll be greeted by a gorgeous front porch, the perfect spot for your morning coffee. Both the first and second floors offer 2 bedrooms and 1 bathroom with bright, functional layouts. The first-floor unit includes a versatile bonus space, ideal as an office, sitting room, or additional sleeping area, along with a charming wood-burning fireplace. The finished basement features a 1-bedroom, 1-bathroom in-law suite (non-conforming), offering excellent flexibility for extended family. Enjoy immediate cash flow, with the first floor recently renting for $2,160/month (currently owner-occupied) and the second floor at $1,975/month. This building has been lovingly maintained with numerous mechanical updates over the years, including new electric and copper plumbing throughout all three units. Units 1 and 2 feature updated can lighting in the kitchens, with Unit 2 also updated in the dining area. The first- and second-floor hardwood floors have both been recently refinished. Additional conveniences include shared basement laundry for all occupants and a sump pump/flood control system for added peace of mind during rainy months. Located in a quiet, tree-lined section of the neighborhood, you're just minutes from the Blue Line, Metra, and I-90/94 - a true commuter's dream. Don't miss this rare find, where long-term pride of ownership meets modern rental demand!
Features & Information
Key Details
- List Price $670,000
- Property Taxes $7,188
- Year Built 1920
- Status Active
- List Market Time 21
Units
-
Unit 1
- Floor 1
- Rooms 6
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave
- Rent $2,160/mo
- Tenant Pays Electric
- Lease Expires Owner
-
Unit 2
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner
- Rent $1,975/mo
- Tenant Pays Electric
- Lease Expires 10/27
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property First Street North Of Milwaukee, West Of Central
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 7187.89
- Tax Year 2025
- Tax Exemptions Homeowner
- Parcel Identification Number 13082130490000
Listed by Erica Olden for Compass | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/27/2026 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 Jefferson Park
Often called the "Gateway to Chicago" because of its historical importance to travelers and immigrant passage to the U.S., or a city within a city because of its self-sufficient, small-town environment, Jefferson Park is a neighborhood with rich cultural history and attractive residential property. Homebuyers will find a good assortment of real estate in Jefferson Park that covers every style of living, from contemporary condominiums to early Victorian houses. The area is surrounded by suburban, country club golf courses and thick forest preserves, so Jefferson Park residents are not for want of open space and lush greenery. Many of the homes in this neck of the woods have private yards and the small neighborhood parks provide even more room to stretch the legs and get a breath of fresh air. Entertainment in Jefferson Park comes in the form of community festivals, local theater, and knocking the pins down at the bowling alley. After working up an appetite, set out for any one of Jefferson Park's dozens of restaurants, cafés, bakeries, delis, pizzerias and takeouts.
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