Chicago, IL 60618 4140 N Western Avenue

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Presented By: Essex 312, LLC
  • MLS# 12618890
  • 04/14/2026
  • Request Tour
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  • Beds • 5
  • Baths • 4
  • Garage • 2

Home Details

4140 N Western Avenue is a well-maintained two-flat with an additional non-conforming garden unit. The building offers strong stabilized cash flow and a value-add opportunity in the heart of North Center. The property features a desirable unit mix consisting of a 3 Bed / 2 Bath duplex-up, 2 Bed / 1 Bath, and a nonconforming 1 Bed / 1 Bath lower-level unit. The building benefits from separate utilities, updated mechanical systems, on-site laundry, and a functional layout well-suited for both investors and owner-occupants. All units are currently vacant, providing immediate flexibility to renovate. Located along Western Avenue near Horner Park, public transit, and the Lincoln Square and North Center retail corridors, the property offers exceptional accessibility, long-term rental demand, and neighborhood stability. The buyer must remedy the violation related to the garden unit. 4140 N Western presents a compelling opportunity to acquire a solid income-producing asset in one of Chicago's most sought-after North Side neighborhoods. building sold as-is
Presented By: Essex 312, LLC

Interior Features for 4140 N Western Avenue

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

Full Baths Building4
Half Baths Building
Total Baths4

Other Interior Features

BasementPartially Finished, Exterior Entry, Full
Total Number of Units2

Other Rooms

Room TypeEnclosed Porch, Utility Room-Lower Level

General for 4140 N Western Avenue

Additional Parcels Y/NNo
CityChicago
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsFrame
CountyCook
Directionsfrom Irving Park Road & Western, head north.
Electric Expense500
Elementary SchoolCoonley Elementary School
Elementary School District299
Garage Spaces2
Gross Income93600
HeatingForced Air
High SchoolAmundsen High School
High School District299
Insurance Expense3000
MLS AreaCHI - North Center
MaintenanceExpense1500
Middle/Junior High SchoolCoonley Elementary School
Middle/Junior School District299
Net Operating Income69398
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount12649.77
Tax Year2024
Total Rooms20
TownshipJefferson
Water Sewer Expense1260
Year Built1899
ZoningCOMMR

Exterior for 4140 N Western Avenue

Foundation DetailsBrick/Mortar
Lot Dimensions25X108
Parking FeaturesGarage Door Opener, Yes, Garage Owned, Detached, Garage
Total Parking2
Water SourceLake Michigan, Public
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Coonley Elementary School
High School Amundsen High School

Client Care

Price $629,900
MLS#12618890
List Date 04/14/2026
Property Type Multi-Family
Phone 847.485.2500
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