Active

$499,900

5040 Patterson

Chicago, IL 60641

7
Bedrooms
4
Bathrooms
Sq Ft
1913
Year Built

About This Property

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# MRD12565253Listed 2/10/2026Residential Income

Property Details

Interior Features

Stories
Cooling
HeatingSteamRadiant
Garage SpacesGarage Door OpenerYesGarage OwnedDetachedGarage

Location & Exterior

CountyCook
Subdivision
Lot Size

School Information

Elementary
Gray Elementary School
Middle School
Gray Elementary School
High School

Property Location

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Property Summary

Price
$499,900
Location
Chicago, IL
Property Type
Residential Income
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Equal Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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