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$475,000
11 Days On Site

4940 W Ainslie Avenue
Chicago, IL 60630

For Sale|Multi Family|Active Under Contract
5
Beds
3
Total Baths
1911
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner
Call Now: 312-767-7744
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312-767-7744
4940 W Ainslie Avenue4940 W Ainslie Avenue4940 W Ainslie Avenue4940 W Ainslie Avenue
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Multiple offers have been received. Seller is asking for highest & best offers by Wednesday 03/18 at 12noon. Amazing Jefferson Park multi-unit investment opportunity perfectly positioned between I-90 & I-94 and close to Jefferson Park Metra and CTA transit depot, this well-maintained three-unit property delivers an unbeatable combination of location, income potential, and long-term value. Highly sought after location neighboring Sauganash, Forest Glen, Portage Park, Mayfair and conveniently located near restaurants & shopping, Gale Street Inn, Whole Foods, Target, Seafood City, Starbucks, etc. and highly rated Beaubien Elementary School consistently ranked among Chicago's top schools just 3 blocks away. This is an ideal opportunity with many options: live-in one unit and generate income leasing the other units OR perfect for seasoned investors to add to their portfolio. Also, a great space for multi-generational living. The building features two spacious 2-bedroom, 1-bathroom units with large and spacious kitchens plus an additional garden-level unit with lots of natural light, all with separately metered utilities paid by tenants. Significant recent upgrades include a new roof (2024) on both the main building and the detached 2-car garage, a newer garage door, several windows replaced, thermo-coils and fans replaced in wall heaters and 1 new hot water heaters (2024). All bedrooms feature original hardwood floors. Common area shared large deck and backyard plus on-site laundry. All units have had successful rental history. Immediate income potential and significant upside for the next owner. Seller and Broker do not represent that the garden unit is a legal or permitted dwelling unit. Buyers are advised to verify legality, zoning, and compliance with local authorities prior to purchase. Selling as-is

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Listing Snapshot
Price 
$475,000
Days On Site 
11 Days
Bedrooms 
5
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1911
MLS® Number 
12588296
Status 
Active Under Contract
Property Tax 
$8,240.55
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
5 days agoStatus changed to Active Under Contract
2 weeks agoListing first seen on site
General Features
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
2
Parking 
DetachedGarage
Parking Spaces 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Zoning 
MULTI
Interior Features
Basement 
FinishedExterior EntryStorage SpaceFull
Cooling 
Ceiling Fan(s)
Heating 
Natural Gas
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Exterior Features
Construction Details 
Aluminum Siding
Patio And Porch 
DeckPatio
Roof 
Asphalt
Community Features
MLS Area 
CHI - Forest Glen
School District 
Taft High School
Township 
Jefferson
Schools
School District
Taft High School
Elementary School
Beaubien Elementary School
Middle School
Unknown
High School
Taft High School
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner



Based on information submitted to the MLS GRID as of 2026-03-25 04:08 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: 2026-03-25 04:08 AM UTC
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