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 Details

PRICE
$499,900
BEDROOMS
7
BATHROOMS
4
SQFT
N/A
YEAR BUILT
1913
PARKING SPOTS
3
MLS #
12565253
FULL ADDRESS
5040 5040 Patterson Avenue
CITY
Chicago, IL
ZIP
60641

Listing Details

Listing Office
Compass
Listing Agent
Ted Kuhlmann
Contact
773-466-7150
Last Data Update
2026-03-29T08:03:18Z

Interior

BATHROOMS
4 Full Bathrooms

Schools

School District
299
Elementary School
Gray Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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