4140 N Western Avenue
Chicago, IL, 60618
$649,900
5 Beds
4 Baths
0 SqFt
0 Acres
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$649,900
4140 N Western Avenue
Chicago, IL, 60618
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4140 N Western Avenue is a well-maintained two-flat with an additional garden unit (buyer to verify legality), offering strong stabilized cash flow and value-add upside in the heart of North Center. The property features a desirable unit mix consisting of a 3 Bed / 2 Bath duplex-up, 2 Bed / 1 Bath, and 1 Bed / 1 Bath lower-level unit. The building benefits from separate utilities, updated mechanical systems, on-site laundry, and a functional layout well-suited for both investors and owner-occupants. All units are currently vacant, providing immediate flexibility to renovate, lease at market rents, or occupy. Located along Western Avenue near Horner Park, public transit, and the Lincoln Square and North Center retail corridors, the property offers exceptional accessibility, long-term rental demand, and neighborhood stability. 4140 N Western presents a compelling opportunity to acquire a flexible, income-producing asset in one of Chicago’s most sought-after North Side neighborhoods.

Property Details

Price:
$649,900
MLS #:
MRD12575828
Status:
Active Under Contract
Beds:
5
Baths:
4
Type:
Multi Family
Neighborhood:
chinorthcenter
Listed Date:
Feb 24, 2026
Year Built:
1899
Chi – North CenterChinorthcenterCoonley Elementary SchoolCoonley Elementary SchoolAmundsen High School

Schools

School District:
299
Elementary School:
Coonley Elementary School
Middle School:
Coonley Elementary School
High School:
Amundsen High School

Interior

Heating
Forced Air

Exterior

Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Frame
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Roof
Asphalt
Window Features
Screens

Financial

Maintenance Fee
$1,500
Net Operating Income
$69,398
Tax Year
2024
Taxes
$12,650
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Apr 07, 2026
1,334
Multi Family Listed
83
Avg DOM
$507,882
Avg List Price

Community

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Property Summary

    4140 N Western Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60618. It is listed for $649,900 To schedule a showing of MLS#mrd12575828 at 4140 N Western Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4140 N Western Avenue
Chicago, IL