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4940 W Ainslie Avenue , Chicago, IL 60630

$475,000
  • 4940 W Ainslie Avenue , Chicago, IL 60630 Main Photo

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New to the Market New
BEDS5 BATHS3 full MLS#12588296
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

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

4940 W Ainslie Avenue | MLS# 12588296

This multi-family property located at 4940 W Ainslie Avenue , Chicago, IL 60630 is currently listed for sale with an asking price of $475,000. W Ainslie Avenue is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.

Upcoming Open Houses

Open House Saturday March 14th, 12:00pm - 3:00pm
Open House Sunday March 15th, 12:00pm - 3:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Exterior Entry, Storage Space, Full
Garage: 2
Heating: Natural Gas
Lot Size: 25 X 126
Roof Type: Asphalt
Taxes: $8,240
Year Built: 1911

Feature Descriptions

Exterior: Aluminum Siding
Lot Dimensions: 25 X 126
Other Equipment: Ceiling Fan(s)
Parcel#: 13094220270000
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 9
Township: Jefferson
Water: Lake Michigan

Local Schools

High School: Taft High School
Elementary School: Beaubien Elementary School
School District: District 299

Listed By / Shown By

Listed By

Agency Name: Baird & Warner
Agency Phone: 847-491-1855

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 2,982.81 per month $2,157.60 Principal & Interest $686.67 Property Tax $138.54 Homeowner's Insurance

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