IL
Cook
Chicago
60630
4940 W Ainslie Avenue
4940 W Ainslie Avenue, Chicago, IL 60630
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Listing Type
Multi Family
Listing Status
Active
27
$475,000

Home Details for 4940 W Ainslie Avenue

Price
$475,000
Type
Residential Income
Bedrooms
5
Bathrooms
3.0
Square feet
NaN
Year built
1911
County
Cook
Total rooms
9
Garage
2
Basement
Finished, Exterior Entry, Storage Space, Full
Days on site
0
MLS Listing#
12588296
Property Description

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

Property Features
  • Basement
    • Finished
    • Exterior Entry
    • Storage Space
    • Full
  • Parking
    • Detached
    • Garage
  • Cooling Information
    • Ceiling Fan(s)
  • Heating Information
    • Natural Gas
School Information
School Information for 4940 W Ainslie Avenue, Chicago, IL 60630
Elementary School
Beaubien Elementary School
Middle School
N/A
High School
Taft High School
Listing Courtesy: Baird & Warner - 847-491-1855
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-03-16 12:41:13. 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: 2026-03-16 12:41:13
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EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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