5040 W Patterson Avenue Chicago, IL $ 499,900
5040 W Patterson Avenue
$ 499,900
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5040 W Patterson Avenue

Chicago, IL, 60641
$ 499,900
Bedrooms7 Baths4.0 Sq 3,000

Monthly Estimate*

$ 3,078

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Multi-Family Home for sale in Chicago, IL

for $499,900 with 7 bedrooms and 4 full baths. This 3,000 square foot home was built in 1913.

Bring your vision to this legal 2 unit, with basement option, on a 35x126 lot offering a rare opportunity to create your dream residence or investment property. This large property with great bones is truly a blank canvas, ideal for buyers, builders, or investors looking to customize and add value. Generous room sizes and flexible floor plans featuring a 3 bedroom, 2 bath first floor unit and a 2 bedroom, 1 bath second floor unit, complete with a 3 car garage for ample parking and storage. The lower level has 8' ceilings and another 2 bedroom, 1 bathroom unit. Building hasn't been renovated in awhile, but with improvements can bring in strong rents. Located in the desirable Portage Park/Dunning area, this home is surrounded by neighborhood conveniences including Shabbona Park, local restaurants, coffee shops, grocery stores, and shopping along Irving Park Road and Milwaukee Avenue. Enjoy easy access to public transportation with nearby CTA bus routes and the CTA Blue Line just minutes away for a convenient commute downtown or to O'Hare. Quick access to the Kennedy Expressway makes travel throughout the city and suburbs a breeze. An exceptional opportunity to renovate, redesign, and make this home your own in a well-established neighborhood.

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Multi-Family Active

Price

$ 499,900

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,038

Style

Year Built

1913

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12565253

Features
General
Sewer Public Sewer
Heating Steam Radiant
Possession Closing
Garage Spaces 3
Construction Materials Other
Year Built 1913
Township Jefferson
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 19
Status Active
Directions Cicero(4800W) to Patterson Ave (3700N) west to 5040 W Patterson Ave.
City Chicago
High School District 299
MLS Area CHI - Portage Park
Elementary School Gray Elementary School
Tax Annual Amount 5038.73
Middle/Junior High School Gray Elementary School
Additional Parcels Y/N N
Virtual Tour https://chicago-home-photos-1.aryeo.com/sites/zxxazwv/unbranded
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished Full
Total Bedrooms 7
Total Baths 4
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Garage Door Opener Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 35x126
Waterfront Y/N N
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* Excluded Features
List By
Compass

Broker

ted.kuhlmann@compass.com

Email

Affordability Calculator

$3,498
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$420
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1102598 Elementary School
1102598 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2026$499,900 Listed Price

Map


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5040 W Patterson Avenue, Chicago, IL, 60641 is a Multi-Family Home for sale at $499,900 with 3,000 sqft. 5040 W Patterson Avenue has 7 bedrooms, 4.0 baths, and was built in 1913. The property's zip code is 60641 which is in Chicago, IL