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$499,900
New Listing

5040 W Patterson Avenue
Chicago, IL 60641

For Sale|Multi Family|Active
7
Beds
4
Total Baths
1913
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Compass
Call Now: 312-767-7744
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312-767-7744
Upcoming Open Houses
Sat, Feb 14, 11:00 AM - 12:30 PM
Sun, Feb 15, 12:30 PM - 2:00 PM
5040 W Patterson Avenue5040 W Patterson Avenue5040 W Patterson Avenue5040 W Patterson Avenue
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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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Listing Snapshot
Price 
$499,900
Days On Site 
0 Days
Bedrooms 
7
Inside Area (SqFt) 
N/A
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1913
MLS® Number 
12565253
Status 
Active
Property Tax 
$5,038.73
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
23 hours agoListing updated with changes from the MLS®
23 hours agoListing first seen on site
General Features
Garage 
Yes
Garage Spaces 
3
Parking 
Garage Door OpenerDetachedGarage
Parking Spaces 
3
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Interior Features
Basement 
Partially FinishedFull
Heating 
SteamRadiant
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Exterior Features
Construction Details 
Other
Community Features
MLS Area 
CHI - Portage Park
School District 
299
Township 
Jefferson
Schools
School District
299
Elementary School
Gray Elementary School
Middle School
Gray Elementary School
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2026-02-12 01:27 AM UTC. 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.
Last checked: 2026-02-12 01:27 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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