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8 Properties Within 0.5 miles of: 5040 W Patterson, Chicago
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5040 W Patterson
Chicago, IL 60641

  • 7 Beds
  • Built In 1913
Price

$499,900

Est Payment
$2,841 / month (details)  
Taxes
$5,039  
Beds
7  
Rooms
19  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
35x126  
Built
1913  
Neighborhood
Portage Park  
MLS
#12565253
Status
Active (2 days)

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.

Property Map

Property Details

Utilities

  • Heating Steam, Radiant
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Parking
3 Garage Spaces, Garage Door Opener, Yes, Garage Owned, Detached, Garage, Parking included in price
Schools
District 299, Gray Elementary School (299), Gray Elementary School (299)

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

02-10-2026 Listed at $499,900
Last Modified 2/12/26 10:17 PM

Nearby Transportation

  • Bus 152 0.1 mi
  • Bus 54 0.3 mi
  • Bus 80 0.4 mi
  • Bus 56 0.5 mi
  • Bus 54A 0.6 mi
  • Bus 77 0.6 mi
  • Bus 85 0.7 mi
  • Bus 78 0.9 mi
  • Bus 76 1.1 mi
  • Bus 91 1.2 mi
  • Milwaukee North 0.7 mi
  • Blue Line 1.1 mi
  • I 90 East 1.1 mi
  • I 94 East 1.1 mi
  • I 94 West 1.2 mi
  • I 90 West 1.2 mi
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