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$1,250,000
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Property Description
First time to market! This extra large Mayfair three-flat is not only in pristine condition, but it also has an amazing two-floor owner's suite complete with a private rooftop deck! These owners did the legwork to change the zoning to "mixed-use" for the most income potential! As a result, the well-appointed garden unit can either be a business or residential unit, but it is perfectly equipped to be residential with its own private entrance! The elevated first floor unit boasts stunning original woodwork and hardwoods, three bedrooms, two full bathrooms, and an all stainless steel kitchen. The second floor unit is a duplex-up owner's suite, offering the perfect arrangement for an owner-occupied investment property or a high-income rental unit. The second floor unit has potential for four bedrooms, with one bedroom currently serving as the owners' closet. The top floor family room/potential bedroom has it's own private entrance off the beautifully maintained rear stairwell, as well as a charming spiral staircase from the bedroom below. The real star of the show is the gorgeous, private roof deck with unobstructed, West-facing views! All three units have dishwashers, central air, and dedicated laundry downstairs, but the top-floor suite also has in-unit laundry in the upstairs bathroom. There is additional storage with easy access on the top floor for holiday decor, camping gear, etc. This property has truly been exceptionally maintained by the lifetime owners, including weekly landscaping. Red brick exterior, well-preserved woodwork, updated windows, updated kitchens and baths, a fenced yard, and an extra tall 2-car garage off the extra-wide alley. There's so much charm, quality, and history in this fantastic property! These longtime live-in landlords are ready for their next chapter, and now it's your turn to live in a one-of-a-kind property with the best bones! Easy access to the Metra, Foster & Lawrence buses, 90/94, and close to Target, Starbucks, L.A. Fitness, Gompers Park, forest preserves, and more! See the video walk-through of the owner's suite!
Full Property Details
Full Property Details for 4988 N Elston Ave
General
- Price: $1,250,000
- Taxes: $3,254 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12673400
- Updated: 6/28/2026
- Added to Site: 13 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: $3,254.23
- 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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Schools
Schools serving 4988 N Elston Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Palmer Elementary School 5051 North Kenneth Avenue, Chicago, IL 60630 | PK-8 | 0.4 mi |
Taft High School 6530 West Bryn Mawr Avenue, Chicago, IL 60631 | 9-12 | 2.6 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
Date
Details
Price
Change
Source
6/22/2026
Listed
$1,250,000
316.67%
MLS
8/12/2004
Sold
$300,000
—
Public Record
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
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4988 N Elston Ave
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 $1,250,000 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.

