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$1,185,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
See This Home
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Fantastic investment opportunity for live-in owners or investors alike! This unique and extremely well-loved property is on the market for the first time! This extra large Mayfair three-flat, with four floors of living space, offers an amazing duplex-up owner's suite--complete with a private rooftop deck and two income-producing units below! These lifetime owners did the legwork to change the zoning, so the well-appointed garden unit can either be a business or residential unit. The elevated first floor unit boasts stunning original woodwork and hardwood floors, three bedrooms, two full bathrooms, and an all stainless steel kitchen. The second floor owner's suite is the real star of the show! All three units have dishwashers, central air, and dedicated laundry downstairs, but the top-floor suite also has in-unit laundry for owner use. Unit two has tons of natural light, charm to boot, and features a charming spiral staircase from one bedroom to another, flexible layout potential, extra storage, and a full bath on both floors. This property is the perfect combination of well-preserved original charm and smart updates like: fresh paint throughout, newer windows, updated kitchens and baths, updated mechanicals, a fenced yard, and an extra tall 2-car garage off the extra-wide alley. This location is super convenient and offers easy access to the Metra, Foster & Lawrence buses, 90/94, and it's close to Target, Starbucks, L.A. Fitness, Gompers Park, forest preserves, and more! See the video walk-through of the owner's suite! Tour this one-of-a-kind home in a quiet location!

Full Property Details for 4988 N Elston Ave

General

  • Price: $1,185,000
  • Taxes: $5,151 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12673400
  • Updated: 9/15/2026
  • Added to Site: 106 day(s) ago

Rental Information

  • Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Finished, E

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Upper - Full Baths: 5
  • Bathroom Features: Separate Shower

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters, Security Cameras, Water Heater-Gas
  • Other Features: Commuter Bus, Commuter Train, Interstate Access

Exterior

  • Exterior Features: Lighting

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached

Location

  • Area: CHI - Albany Park
  • County: Cook
  • Township: Jefferson
  • Driving Directions: From Lawrence Ave heading West, Turn Right on Elston heading Northwest. Property is on your left before Foster. From Foster heading West, turn Left/Southwest onto Elston, property is on your right.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Vinyl Siding, Brick, Frame
  • Exterior Const.: Vinyl Siding, Brick, Frame
  • Basement: Yes
  • Basement Desc.: Finished, Exterior Entry, Daylight
  • Year Built: 1909
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3100 sq ft
  • Fence: Yes
  • Lot Features: Landscaped
  • Zoning: OTHER
  • Fencing (Description): Fenced

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1909
  • Tax Amount: $5,151.24
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 13103080150000

Listed by Kale Realty

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— 4988 N Elston Ave —

  • Kale Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4988 N Elston Ave

School District:Chicago Public School District 299
NameGradesDistance
Palmer Elementary School
5051 North Kenneth Avenue, Chicago, IL 60630
PK-80.4 mi
Taft High School
6530 West Bryn Mawr Avenue, Chicago, IL 60631
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4988 N Elston Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/21/2026
Price Reduced
$1,185,000
-5.2%
MLS
6/22/2026
Listed
$1,250,000
316.67%
MLS
8/12/2004
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4988 N Elston Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,300
—
$30,665
38%
2023
$3,300
-11%
$22,214
-11%
2022
$3,725
-2%
$24,888
—
2021
$3,812
-12%
$24,888
—
2020
$4,315
-5%
$24,888
-13%
2019
$4,522
2%
$28,607
—
2018
$4,444
9%
$28,607
15%
2017
$4,061
-2%
$24,878
—
2016
$4,139
-7%
$24,878
-7%
2015
$4,431
23%
$26,722
22%
2014
$3,589
2%
$21,842
—
2013
$3,507
-12%
$21,842
-12%
2012
$3,987
—
$24,712
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4988 N Elston Avenue, Chicago, IL 60630 (MLS# 12673400) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 4988 N Elston Avenue is currently listed for $1,185,000 and was received on June 22, 2026. Want to learn more about 4988 N Elston Avenue? Do you have questions about finding other Multi-Family real estate for sale in Albany Park? You can browse all Albany Park real estate or contact a Coldwell Banker agent to request more information.

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