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$499,900

5040 Patterson Avenue, Chicago, IL 60641
7 Beds4 Baths13 days
5040 Patterson Avenue·Chicago, IL 60641
7Bedrooms
4Bathrooms
1913Year Built
About This Home

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.

MLS# 12565253Listed February 10, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms19

Size & Structure

Garage Spaces3
Year Built1913
Lot Size35x126

Location

CountyCook
TownshipJefferson
Zip Code60641

Financial

List Price$499,900
Annual Taxes (2024)$5,039
Monthly Tax Est.$420
Parcel #13212250220000
Interior Features

Heating

SteamRadiant

Basement

Partially FinishedFull
Exterior & Lot

Construction

Other
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Garage Door OpenerYesGarage OwnedDetachedGarage
Schools
Elementary
Gray Elementary School
District: 299
Middle School
Gray Elementary School
District: 299
Tax & Financial
Annual Taxes
$5,039
Tax Year 2024
Monthly Tax Est.
$420
per month
Property Location

5040 Patterson Avenue, Chicago, IL 60641 — Cook County

$499,900
5040 Patterson Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
13 days on market
3-car garage
35x126
$5,039/yr taxes
$3,047
estimated monthly payment
Principal & Interest
$2,627/mo
Property Tax
$420/mo
$499,900
20% — $99,980
3%50%
6.875%
3%12%
Loan Amount
$399,920
Down Payment
$99,980

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

Listed by
Compass
Agent: Ted Kuhlmann
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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