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5040 W Patterson Avenue
Chicago IL 60641 US

$499,900

Active Listing ID 12565253
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7 bed
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4.00 Bath (4 Full , 2 Half)
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Other

$499,900

Active Listing ID 12565253
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5040 W Patterson Avenue 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

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • 1/2 Bathrooms: 2
  • Heating Fuels: Steam, Radiant
  • Additional Features
  • Basement

School Information

  • School
  • Gray Elementary School(Elementary)
  • Gray Elementary School(MiddleSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 499900
  • unparsedaddress: 5040 W Patterson Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60641
  • bathroomsfull: 4
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.94722
  • longitude: -87.753768
  • listagentfullname: Ted Kuhlmann
  • listagentemail: ted.kuhlmann@compass.com
  • listagentkey: 3yd-MREDIL-139950
  • listagentmlsid: 139950
  • listagentofficephone: 7736401089
  • listofficekey: 3yd-MREDIL-87121
  • listofficemlsid: 87121
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1913
  • listingcontractdate: 2026-02-10
  • listagenturl: https://www.compass.com/
  • countyorparish: Cook
  • parcelnumber: 13212250220000
  • elementaryschool: Gray Elementary School
  • elementaryschooldistrict: 299
  • middleorjuniorschooldistrict: 299
  • highschooldistrict: 299
  • heating: Steam, Radiant
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 3
  • parkingfeatures: Garage, Open
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 5, Basement, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4
  • basement: Partially Finished, Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.75377, 41.94722
  • openhouse: { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12565253", "OpenHouseEndTime": "2026-02-14 12:30:00", "OpenHouseId": "1469427", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-02-14 11:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }, { "AppointmentRequiredYN": false, "ListingKey": "3yd-MREDIL-12565253", "OpenHouseEndTime": "2026-02-15 14:00:00", "OpenHouseId": "1469431", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-02-15 12:30:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ted.kuhlmann@compass.com", "ListBrokerageCity":null, "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass Real Estate", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"1643 N Milwaukee Ave ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"87121", "ListOfficeCity":"Chicago", "ListOfficeCountry":"USA", "ListOfficeEmail":null, "ListOfficePostalCode":"60647", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5040-W-Patterson-Ave_Chicago_IL_60641_M89896-06023?f=listhub&s=MREDIL&m=12565253&c=rexren", "MLSModificationTimestamp":"2026-02-13 04:19:11", "Neighborhoods":[{"Description":null, "Name":"CHI - Portage Park"}], "PostalCode":null, "RoomCount":19, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5039, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/13/2026 4:28:15 AM GMT
Source Updated Date: 2/14/2026 6:53:47 PM GMT

Courtesy of: Ted Kuhlmann, Compass, ted.kuhlmann@compass.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.