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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 syarber.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

Agent Name: Stefanie Yarber
Agent Phone: Cell: (815) 995-0836
Agency Title: Gambino Realtors

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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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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 12:00:21 AM EST) or MRED MLS (last updated Fri 03/13/2026 11:57:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 03/13/2026 10:15:31 PM EST) or Northern Illinois Commercial Association Realtors (last updated Fri 03/13/2026 2:10:07 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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