IL
Cook
Chicago
60641
5040 W Patterson Avenue
5040 W Patterson Avenue, Chicago, IL 60641
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Listing Type
Multi Family
Listing Status
Active
24
$499,900

Home Details for 5040 W Patterson Avenue

Price
$499,900
Type
Residential Income
Bedrooms
7
Bathrooms
4.0
Square feet
NaN
Year built
1913
County
Cook
Total rooms
19
Garage
3
Basement
Partially Finished, Full
Days on site
12
MLS Listing#
12565253
Property Description

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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Property Features
  • Parking
    • Garage Door Opener
    • Detached
    • Garage
  • Heating Information
    • Steam
    • Radiant
  • Basement
    • Partially Finished
    • Full
School Information
School Information for 5040 W Patterson Avenue, Chicago, IL 60641
Elementary School
Gray Elementary School
Middle School
Gray Elementary School
High School
N/A
Listing Courtesy: Compass - 773-466-7150
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-02-22 13:50:25. 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 Updated: 2026-02-22 13:50:25
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Market statistics compiled from data from Midwest Real Estate Data.
EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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