Closed

$475,000

4940 Ainslie Avenue, Chicago, IL 60630
5 Beds3 Baths7 days
4940 Ainslie Avenue·Chicago, IL 60630
5Bedrooms
3Bathrooms
1911Year Built
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

MLS# 12588296Listed March 13, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms9

Size & Structure

Garage Spaces2
Year Built1911
Lot Size25 X 126

Location

CountyCook
TownshipJefferson
Zip Code60630

Financial

List Price$475,000
Annual Taxes (2024)$8,241
Monthly Tax Est.$687
Parcel #13094220270000
Interior Features

Heating

Natural Gas

Basement

FinishedExterior EntryStorage SpaceFull
Exterior & Lot

Construction

Aluminum Siding

Roof

Asphalt

Foundation

Concrete Perimeter

Patio & Porch

DeckPatio
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesGarage OwnedDetachedGarage
Schools
Elementary
Beaubien Elementary School
District: 299
High School
Taft High School
District: 299
Tax & Financial
Annual Taxes
$8,241
Tax Year 2024
Monthly Tax Est.
$687
per month
Property Location

4940 Ainslie Avenue, Chicago, IL 60630 — Cook County

$475,000
4940 Ainslie Avenue
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
2-car garage
25 X 126
$8,241/yr taxes
$3,183
estimated monthly payment
Principal & Interest
$2,496/mo
Property Tax
$687/mo
$475,000
20% — $95,000
3%50%
6.875%
3%12%
Loan Amount
$380,000
Down Payment
$95,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Marie Hirschle
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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