4940 W Ainslie Avenue, Chicago, Illinois 60630
- $532,000
- 5
- BD
- 3
- BA
- Sold Price
- $532,000
- List Price
- $475,000
- Closing Date
- Apr 10, 2026
- MLS#
- 12588296
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 5
- Bathrooms
- 3
- County
- Cook
- City
- Chicago
- Neighborhood
- Jefferson Park
- Days On Market
- 6
Property Description
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
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Additional Information
- School District
- 299
- Elementary School
- Beaubien Elementary School
- High School
- Taft High School
- Corporate Limits
- Chicago
- Tax Year
- 2024
- Tax Amount
- $8,240
- Year Built
- 1911
- Lot Dimensions
- 25 X 126
- Lot Size Range
- Standard Chicago Lot
- Units
- 3
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- Yes, Garage Owned, Detached, Garage
- Heating
- Natural Gas
- Sewer
- Public Sewer
- Basement
- Yes
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