4940 W Ainslie Avenue, Chicago, IL, 60630

Save
Ask
Tour
Hide
Share
$475,000
New Listing

4940 W Ainslie Avenue
Chicago, IL 60630

For Sale|Multi Family|Active
5
Beds
3
Total Baths
1911
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner
Call Now: 877 582 4399
Is this the listing for you? We can help make it yours.
877 582 4399
Upcoming Open Houses
Sat, Mar 14, 12:00 PM - 3:00 PM
Sun, Mar 15, 12:00 PM - 3:00 PM
4940 W Ainslie Avenue4940 W Ainslie Avenue4940 W Ainslie Avenue4940 W Ainslie Avenue
Save
Ask
Tour
Hide
Share

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

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$475,000
Days On Site 
0 Days
Bedrooms 
5
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1911
MLS® Number 
12588296
Status 
Active
Property Tax 
$8,240.55
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS®
10 hours agoListing first seen on site
General Features
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
2
Parking 
DetachedGarage
Parking Spaces 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Zoning 
MULTI
Interior Features
Basement 
FinishedExterior EntryStorage SpaceFull
Cooling 
Ceiling Fan(s)
Heating 
Natural Gas
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Aluminum Siding
Patio And Porch 
DeckPatio
Roof 
Asphalt
Community Features
MLS Area 
CHI - Forest Glen
School District 
Taft High School
Township 
Jefferson
Schools
School District
Taft High School
Elementary School
Beaubien Elementary School
Middle School
Unknown
High School
Taft High School
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner

logo

Based on information submitted to the MLS GRID as of 2026-03-13 11:32 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-03-13 11:32 PM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share