5040 W Patterson Avenue
Chicago, IL, 60641
$499,900
7 Beds
4 Baths
0 SqFt
0 Acres
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$499,900
5040 W Patterson Avenue
Chicago, IL, 60641
MLS #MRD12565253 image #0MLS #MRD12565253 image #1MLS #MRD12565253 image #2MLS #MRD12565253 image #3MLS #MRD12565253 image #4MLS #MRD12565253 image #5MLS #MRD12565253 image #6MLS #MRD12565253 image #7MLS #MRD12565253 image #8MLS #MRD12565253 image #9MLS #MRD12565253 image #10MLS #MRD12565253 image #11MLS #MRD12565253 image #12MLS #MRD12565253 image #13MLS #MRD12565253 image #14MLS #MRD12565253 image #15MLS #MRD12565253 image #16MLS #MRD12565253 image #17MLS #MRD12565253 image #18MLS #MRD12565253 image #19MLS #MRD12565253 image #20MLS #MRD12565253 image #21MLS #MRD12565253 image #22MLS #MRD12565253 image #23
Open House Feb 15, 2026
12:30 – 02:00
Bring your vision to this legal 2 unit, with basement option, on a 35×126 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.

Property Details

Price:
$499,900
MLS #:
MRD12565253
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Neighborhood:
chiportagepark
Listed Date:
Feb 10, 2026
Year Built:
1913
Chi – Portage ParkChiportageparkGray Elementary SchoolGray Elementary School

Schools

School District:
299
Elementary School:
Gray Elementary School
Middle School:
Gray Elementary School

Interior

Heating
Steam, Radiant

Exterior

Construction Materials
Other
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
3

Financial

Tax Year
2024
Taxes
$5,039
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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 Feb 15, 2026
1,186
Multi Family Listed
92
Avg DOM
$471,734
Avg List Price

Community

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Property Summary

    5040 W Patterson Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60641. It is listed for $499,900 To schedule a showing of MLS#mrd12565253 at 5040 W Patterson Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5040 W Patterson Avenue
Chicago, IL