4940 W Ainslie Avenue, Chicago, IL 60630
Local realty services provided by:Better Homes and Gardens Real Estate Connections
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...
Contact an agent
Home facts
- Year built:1911
- Listing ID #:12588296
- Added:15 day(s) ago
- Updated:March 29, 2026 at 07:57 AM
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
New listings near 4940 W Ainslie Avenue
- New
$205,000Active3 beds 2 baths760 sq. ft.11725 S Morgan Street, Chicago, IL 60643
MLS# 12604334Listed by: REAL PEOPLE REALTY - New
$265,000Active1 beds 1 baths474 N Lake Shore Drive #2703, Chicago, IL 60611
MLS# 12604328Listed by: JIN'S GROUP CORPORATION LTD - New
$250,000Active0.25 Acres8819-8847 S Yale Avenue, Chicago, IL 60620
MLS# 12592681Listed by: COLDWELL BANKER REALTY - New
$270,000Active3 beds 2 baths6217 S Claremont Avenue, Chicago, IL 60636
MLS# 12581600Listed by: RE/MAX PREMIER - New
$172,000Active2 beds 1 baths800 sq. ft.2254 W Arthur Avenue #1051A, Chicago, IL 60645
MLS# 12604297Listed by: ARHOME REALTY - New
$424,900Active6 beds 3 baths3,660 sq. ft.3521 W 82nd Place, Chicago, IL 60652
MLS# 12603072Listed by: NEW HERITAGE REAL ESTATE - New
$600,000Active4 beds 2 baths2,446 sq. ft.5421 N Ashland Avenue, Chicago, IL 60640
MLS# 12593879Listed by: COMPASS - New
$75,000Active4 beds 2 baths1,085 sq. ft.9400 S Eggleston Avenue, Chicago, IL 60620
MLS# 12603321Listed by: OAK REALTY OF CHICAGO, INC. - Open Sun, 12am to 2pmNew
$314,900Active3 beds 1 baths1,040 sq. ft.3135 W 38th Street, Chicago, IL 60632
MLS# 12603804Listed by: CENTURY 21 S.G.R., INC.
$169,900Pending3 beds 1 baths1,062 sq. ft.9505 S Peoria Street, Chicago, IL 60643
MLS# 12589237Listed by: COMPASS