5351 W Foster Avenue, Chicago IL 60630
$749,000

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Property Description

Rare opportunity to own a fully renovated, income-producing 2-flat in the heart of Jefferson Park! Offering more than 3,000 square feet of living space and impressive rental income, this turnkey property is ideal for investors or owner-occupants looking to supplement housing costs with rental income. Unit 1 is currently rented for $3,200/month, while the beautifully remodeled second-floor unit offers projected rental potential of approximately $2,900/month, bringing total pro forma rental income to approximately $6,100/month or $73,200 annually. Each unit features three bedrooms, one full bath, abundant natural light, and separate utilities including Central Air. The first-floor unit offers hardwood floors, a generous living and dining space, and a spacious kitchen with white cabinetry, stainless steel appliances, granite countertops, and an oversized island with seating for four. The second-floor unit was remodeled just this year and features luxury vinyl flooring, a gorgeous new kitchen with white cabinetry, quartz countertops and new stainless steel appliances, plus its own in-unit washer and dryer and updated bathroom. Finally, the finished lower level with a washer / dryer, large family room, additional non-conforming bedroom and full bath provides exceptional additional living space. 3 floors and 3 bathrooms - one on each level! Major property improvements include a newer roof, drain tile and sump pump. Outside, enjoy a fully paved, low-maintenance backyard, two-car garage, and additional parking pad. Conveniently located near the Jefferson Park Blue Line and Metra stations, I-90/94, O'Hare, schools, parks, shopping and restaurants. With substantial current and projected rental income, extensive recent improvements, separate utilities, and excellent long-term potential, this is a truly turnkey opportunity in one of Chicago's most desirable Northwest Side neighborhoods.

Features & Information

Key Details

  • List Price $749,000
  • Property Taxes $11,561
  • Year Built 1915
  • Status New
  • List Market Time 1

Units

  • Unit 1

  • Floor 1
  • Rooms 7
  • Beds 3
  • Baths 1
  • Appliances Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors
  • Rent $3,200/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 08/27
  • Unit 2

  • Floor 2
  • Rooms 6
  • Beds 3
  • Baths 1
  • Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Skylights/Windows
  • Rent $0/mo
  • Tenant Pays All
  • Lease Expires 00/00

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 On Foster Avenue, Just West Of Laramie.
  • Schools

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

  • Tax 11561.15
  • Tax Year 2024
  • Tax Exemptions Homeowner
  • Parcel Identification Number 13093060040000

Based on information submitted to the MLS GRID as of 8/8/2026 4:32 AM. 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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