5040 West Patterson Avenue

Off Market

5040 West Patterson Avenue

Chicago IL 60641

Multi-Family

Last sold for $509,000

Ted Kuhlmann, last sold this property on 25 March 2026 after 42 days on market.

Overview

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.

Features

7 bedrooms

4 bathrooms

3 carspaces

3 garage spaces

Multi-Family

Estimated Value

Based on this property and similar 7 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 5040 West Patterson Avenue is $587.5k.

Median value

$587.5k

Estimated value range

$450k - $740k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5040 West Patterson Avenue

2026

Sold

$509,000

25 Mar 2026 by Ted Kuhlmann, of Compass

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 7 bedroom multi families in Chicago

In the last 12 months, 9 seven-bedroom multi families similar to 5040 West Patterson Avenue, have been sold.

This represents a 34% increase in seven-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Chicago for a market analysis.

Sebastian J Hernandez

at Baird & Warner

(107 reviews)

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Elialvita Marrero

at Nelly Corp Realty

(5 reviews)

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Stephanie Soto

at Luxury Living Chicago Realty

(1 review)

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Grigory Pekarsky

at Vesta Preferred LLC / RNP Real Estate Group

(2 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Chicago

Sebastian J Hernandez

Sellers who recommend Sebastian J Hernandez have praised them for being responsive, clear communication, local expert, patient, reliable, supportive, and attentive