IL
Cook
Chicago
60641
5040 W Wellington Avenue, Chicago, IL 60641
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Listing Type
Multi Family
Listing Status
Active
3
$525,000

Home Details for 5040 W Wellington Avenue

Price
$525,000
Type
Residential Income
Bedrooms
9
Total Bathrooms
4
County
Cook
Total rooms
8
Garage
2
Basement
Finished, Exterior Entry, Full, Walk-Out Access
MLS Listing#
12629508
Property Description

Welcome to 5040 W Wellington, a legal two-flat with three total units, offering an excellent investment opportunity or flexible multi-generational living in the heart of Belmont Cragin. This well-maintained property features three spacious 3-bedroom, 1-bath units, each with comfortable layouts, bright living spaces, and move-in-ready condition with tasteful updates throughout. The building has been maintained over the years and offers strong rental potential while still leaving room for a new owner to add updates and value. Whether you're looking to live in one unit and generate rental income from the others or expand your investment portfolio, this property delivers versatility and long-term potential. Ward opted in to the ADU program. The backyard provides great outdoor space, and the property is ideally located near shopping, dining, parks, schools, and convenient transportation options. With solid bones, updated interiors, and just a little work needed to make it shine even more, this is a fantastic opportunity for both investors and owner-occupants alike. Belmont Cragin is a vibrant neighborhood on Chicago's Northwest Side, known for its strong sense of community and convenient city access. The area features a mix of classic Chicago-style homes, modern residences, and diverse local businesses. Residents enjoy numerous parks, dining options, and cultural amenities, as well as easy transportation to downtown and surrounding neighborhoods. With a variety of shopping centers and recreational spaces, Belmont Cragin offers a dynamic urban experience while maintaining a welcoming residential feel. Its schools, public services, and community organizations contribute to a well-rounded living environment for those seeking a balanced city lifestyle.

Property Features
  • Basement
    • Finished
    • Exterior Entry
    • Full
    • Walk-Out Access
  • Parking
    • Garage Door Opener
    • Detached
    • Garage
  • Heating Information
    • Natural Gas
Listing Courtesy: Berkshire Hathaway HomeServices Chicago - 312-642-1400
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-04-26 04:04:51. 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: 2026-04-26 04:04:51
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EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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