4940 Ainslie Avenue, Forest Glen, Chicago, Illinois 60630
$475,000
|
For Sale
|
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1911 |
| Property Taxes: | $8,241 |
| Days On Market: | 3 |
| Lot Size: | 0,00 |
Description
Multiple offers have been received. Seller is asking for highest & best offers by Wednesday 03/18 at 12noon. 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
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1911 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
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| — | |
| 12588296 | |
| 13094220270000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Beaubien Elementary School |
299 | — | |
|
High School
Taft High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 2 Aug, 2013 | Sold | $246,500 | MRED MLS |
| 10 Jun, 2013 | Under contract | $264,900 | MRED MLS |
| — | Last price change | $279,000 | MRED MLS |
| 21 May, 2013 | Listed for sale | $279,000 | MRED MLS |
| 13 Mar, 2026 | Listed for sale | $475,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 25 X 126 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2013 | $6,522 |
| 2026 | $8,241 |
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Listing Provided By
Baird & Warner
