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  • $509,000

    5040 W Patterson Ave, Chicago, IL 60641

    7beds
    --sqft
    Multi Family
    Built in 1913
    -- sqft lot
    $511,000 Zestimate®
    $--/sqft
    $2,194 Estimated rent

    Home value

    $511,000

    $485,000 - $537,000

    $2,194/mo

    Zestimate® history
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    $3,581/mo

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    What's special

    Flexible floor plansGenerous room sizes
    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.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    Ted Kuhlmann 773-640-1089,

    Compass

    Bought with:

    Billy Munoz

    PROSALES REALTY

    Source: MRED as distributed by MLS GRID,MLS#: 12565253MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    • Full bathrooms: 4
    Heating
    • Steam, Radiant
    Features
    • Basement: Partially Finished,Full

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Lot
    • Size: 4,410 sqft
    • Dimensions: 35x126
    Details
    • Parcel number: 13212250220000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other
    Condition
    • New construction: No
    • Year built: 1913

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/25/2026Sold$509,000+1.8%
    Source: MRED as distributed by MLS GRID #12565253 Report a problem
    2/22/2026Contingent$499,900
    Source: MRED as distributed by MLS GRID #12565253 Report a problem
    2/11/2026Listed for sale$499,900
    Source: MRED as distributed by MLS GRID #12565253 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $31,000
    2023$5,285 +3.4%$31,000
    2022$5,113 +1.6%$31,000
    2021$5,031 +25.7%$31,000 +31.7%
    2020$4,002 -15.9%$23,537 -21.1%
    2019$4,756 +1.8%$29,833
    2018$4,674 +42.3%$29,833 +39.9%
    2017$3,284 -3.8%$21,324
    2016$3,415 +10.7%$21,324
    2015$3,085 +18.4%$21,324 +15.7%
    2014$2,606 +2.8%$18,437
    2013$2,535 -0.3%$18,437
    2012$2,543 -25.5%$18,437 -30.3%
    2011$3,414 +29.5%$26,437
    2010$2,637 +14.6%$26,437
    2009$2,300 -28.9%$26,437 -13.6%
    2008$3,235 +49.2%$30,591
    2007$2,168 +1.4%$30,591
    2006$2,139 -6.9%$30,591 +36.2%
    2005$2,297 -4.5%$22,462
    2004$2,405 +4.4%$22,462
    2003$2,303 -5.4%$22,462 +46.2%
    2002$2,434 +5.2%$15,360
    2001$2,314 +4.9%$15,360
    2000$2,206 +0%$15,360 +14.1%
    1999$2,206 $13,460

    Find assessor info on the county website

    Neighborhood: Portage Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gray Elementary School
    • Middle: Gray Elementary School
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $511,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $511,000