4940 W Ainslie Avenue, Chicago, IL 60630
Local realty services provided by:ERA Naper Realty
4940 W Ainslie Avenue,Chicago, IL 60630
$475,000
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: marie hirschle
Office: baird & warner
MLS#:12588296
Source:MLSNI
Price summary
- Price:$475,000
About this home
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...
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Home facts
- Year built:1911
- Listing ID #:12588296
- Added:6 day(s) ago
- Updated:March 19, 2026 at 05:47 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:9
- Basement:Yes
- Basement Description:Finished, Full
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1911
- Foundation Description:Concrete Perimeter
Schools
- High school:Taft High School
- Elementary school:Beaubien Elementary School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$475,000
- Tax amount:$8,241 (2024)
Features and amenities
- Amenities:Ceiling Fan(s)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:2
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