5040 West Patterson, Chicago IL 60641
- Units 3
- Total Beds 7
- Total Baths 4
- Taxes $5,038.73
- Payment Estimate View Mortgage Calculator
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Property Description
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.
Features & Information
Key Details
- List Price $499,900
- Property Taxes $5,038.73
- Price/ Sq. Ft. Unavailable
- Year Built 1913
- Parking Type Garage
- Status Active
Rooms
- Total Rooms 19
- Basement F
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 3
- # of Garage Spaces: Garage Door Opener(s)
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Other
- Heating & Cooling Hot Water/Steam, Radiant
-
Units
- Unit 1 None
- Unit 2 Stove, Refrigerator
- Unit 3 Stove, Refrigerator
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property Cicero(4800w) To Patterson Ave (3700n), West To 5040 W Patterson Ave.
-
Schools
- Elementary School District 299
- School Name Gray Elementary School
- Junior High District 299
- School Name Gray Elementary School
- High School District: 299
-
Property Taxes
- Tax 5038.73
- Tax Year 2024
- Tax Exemptions Homeowner,Senior
- Parcel Identification Number 13212250220000
Utilities
- Sewer Sewer-Publ
Listed by: Compass | Phone: 773.466.7150
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2/20/2026 6:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Portage Park
Portage Park is a peaceful and spacious northwest side Chicago neighborhood with an active business district, a number of good schools and affordable property that is steadily growing in popularity and homebuyer interest. The Six Corners intersection is the area's main commercial hotspot, but the entire neighborhood is infused with a wealth of little shops and specialty stores. There is no better way to experience what Portage Park has to offer than to sample the vast roster of restaurants, bar & grills, pizzerias, bakeries and delis. And you don't want to discount the neighborhood's notable network of parkland, headed up by the spacious grounds and Olympic-size swimming pool of the community's coveted namesake Portage Park.
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