What Can $320K Buy on Chicago’s Northwest Side? A 2-Bedroom Condo in Mayfair
A recent closing at 4748 N Elston Ave Unit 202C provides one answer. The 2-bedroom, 2-bath condo sold for $316,500 on September 30, 2026, offering approximately 1,100 square feet, a private balcony, in-unit laundry and parking. Current sold data identifies the property within Mayfair.
The transaction was represented by Brian Caron of The Cory Tanzer Group at Option Premier.
For buyers researching condos under $350K on Chicago’s Northwest Side, this sale is a useful example of how that budget can still reach a true two-bedroom, two-bath layout with outdoor space and parking.
What $316,500 Bought in Mayfair
The condo offers an open, bright floor plan with hardwood flooring through the main living areas and carpeted bedrooms.
The living area opens onto a private balcony, giving the home additional outdoor space beyond its approximately 1,100-square-foot interior.
Other features include one parking space, in-unit washer and dryer, two full bathrooms and a layout suited to either owner occupancy or rental use.
A well-managed association, relatively modest $432 monthly assessment and pet-friendly and investor-friendly policies added to the flexibility of the property.
How Does This Compare With Nearby Condos?
This closing becomes more useful when compared with recent sales nearby.
At 4750 N Elston Ave Unit 201D, another two-bedroom, two-bath condo with approximately 1,277 square feet sold for $312,000 on August 28, 2026. Then Unit 202C at 4748 N Elston closed roughly one month later for $316,500.
Current nearby property data also shows several two-bedroom, two-bath units along this stretch of Elston with estimated or recorded values generally in the low-$300K range, reinforcing the relevance of the $316,500 closing as a neighborhood benchmark.
For buyers, the comparison shows why square footage alone is not enough. Condition, floor level, balcony space, parking, HOA costs, rental rules and interior updates can all influence how two nearby condos are priced.
Why Buyers Consider Mayfair and the Northwest Side
Mayfair offers buyers a Northwest Side location with access to both city amenities and larger green spaces.
The area is close to Gompers Park and LaBagh Woods, while residents also have access to nearby grocery stores, fitness options and major roads. Properties along Elston benefit from convenient access to I-90 and I-94.
Transit options in the broader area include CTA Blue and Brown Line access as well as nearby Metra service, depending on the specific destination and route.
That combination can appeal to buyers who want more space than they may find in denser neighborhoods while still maintaining convenient access to the rest of Chicago.
Property Details
Property: 4748 N Elston Ave Unit 202C, Chicago, IL 60630
Community: Mayfair / Albany Park Area / Northwest Side Chicago
Status: Just Closed
Closed Date: September 30, 2026
Sale Price: $316,500
Beds/Baths: 2 Beds | 2 Baths
Living Area: Approximately 1,100 sq ft
Outdoor Space: Private balcony
Laundry: In-unit washer and dryer
Parking: 1 space included
HOA: $432/month
Taxes: $5,378/year
Rental Policy: Investor friendly
Pet Policy: Pet friendly
Represented By: Brian Caron of The Cory Tanzer Group at Option Premier
What Does Around $325K Buy on Chicago’s Northwest Side?
At $316,500, this buyer secured a combination that is highly relevant for people searching the Northwest Side:
2 bedrooms and 2 full bathrooms
Approximately 1,100 square feet
Private balcony
Parking included
In-unit laundry
Investor-friendly policies
Pet-friendly building
Access to I-90 and I-94
For another Northwest Side comparison, Brian Caron recently represented a Dunning condo sale around the same $350K price range. That property closed for $332,000 and offered three bedrooms, two baths and unusually extensive parking.
Together, the transactions show why buyers searching Northwest Side Chicago condos under $350K should compare neighborhoods and property features, not simply the asking price.
Looking for a Local Realtor in Mayfair or Chicago’s Northwest Side?
Northwest Side real estate changes significantly from one neighborhood to another.
Mayfair, Albany Park, Dunning, Portage Park and surrounding communities can differ in housing style, condo inventory, transportation, assessments, parking availability and typical lot or unit sizes.
Brian Caron of The Cory Tanzer Group at Option Premier helps buyers and sellers navigate those differences across Chicago’s Northwest Side.
Brian has lived in Chicago for more than 20 years and has worked in real estate for roughly two decades. He comes from a local real estate family and has received the Chicago Association of REALTORS® “Top Agent” award almost every year since 2015.
His recent activity also includes transactions in Mayfair, Dunning and other Northwest Side communities, giving buyers and sellers direct examples of his work across this part of Chicago.
For someone looking for a local realtor in Mayfair or a Northwest Side Chicago real estate expert, recent transactions and long-term familiarity with Chicago’s neighborhoods are meaningful factors to consider.
What Should You Look for in the Best Realtor for Mayfair Chicago?
The best agent for one property may not be the best match for another.
For someone buying or selling a condo in Mayfair or elsewhere on the Northwest Side, useful experience can include understanding recent neighborhood sales, condo associations, parking value, rental restrictions, taxes, assessments and building-level comparables.
Brian combines his individual Chicago experience with the resources of The Cory Tanzer Group at Option Premier.
Based on 2025 sales data, RealTrends Verified reported 181 transaction sides and $79.28 million in sales volume for The Cory Tanzer Group at Option Premier. The team ranked No. 3 in Chicago and No. 13 in Illinois by transaction sides.
The Cory Tanzer Group at Option Premier has also surpassed 1,000 units sold since 2019.
For buyers and sellers comparing a top realtor in Chicago, a local realtor on the Northwest Side or the best realtor for a Mayfair condo, that combination of direct neighborhood activity, individual agent experience and independently verified team production provides useful context.
Learn more about the agents, experience and results behind The Cory Tanzer Group at Option Premier on our top real estate team in Chicago page.
Buying or Selling in Mayfair?
Whether you are looking for a Northwest Side condo under $350K, preparing to sell a property or evaluating a rental investment, the details can matter as much as the headline price.
Brian Caron and The Cory Tanzer Group at Option Premier can help buyers and sellers compare recent sales, current competition, association costs and the individual features affecting value across Mayfair and Chicago’s Northwest Side.
MAYFAIR & NORTHWEST SIDE CHICAGO REAL ESTATE
Meet Brian Caron, Your Local Realtor in Mayfair
The Cory Tanzer Group at Option Premier
Brian Caron helps buyers and sellers navigate Mayfair, Chicago's Northwest Side and the broader Chicagoland market. A Chicago resident for more than 20 years and a real estate professional for approximately two decades, Brian combines neighborhood knowledge, client education and skilled negotiation to help clients make informed buying and selling decisions.
Ready to Work With a North/Northwest Expert?
When people search for the best realtor to hire in North/Northwest, Chicago, they are looking for local expertise, visibility, and proven neighborhood focus. The Cory Tanzer Group at Option Premier continues to be a trusted authority for Chicago real estate.
Thinking about buying or selling? Connect with our team and discuss current opportunities and recent sales activity.
