4140 N Western Ave

Chicago, IL 60618

$699,000
Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

4140 N Western Avenue is a well-maintained two-flat with an additional garden unit (buyer to verify legality), offering strong stabilized cash flow and value-add upside 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 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....4140 N Western Avenue is a well-maintained two-flat with an additional garden unit (buyer to verify legality), offering strong stabilized cash flow and value-add upside 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 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, lease at market rents, or occupy. 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. 4140 N Western presents a compelling opportunity to acquire a flexible, income-producing asset in one of Chicago's most sought-after North Side neighborhoods.
  1. Listed by Mitir Patel • Essex 312, LLC
    P: (773)-209-4785 mitirpatel@gmail.com;mitirpatel@gmail.com

Property Details for 4140 North Western Avenue

Area
CHI - North Center
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Forced Air
Zoning
COMMR
LISTING UPDATED: 02/20/2026 07:47 AM

Property Details for 4140 North Western Avenue

StatusActive
MLS #12544385
Days on Market31
Taxes$12,650 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1899
Lot Size0.06 AC / 2,700 SF
CountyCook County

Location

Listing Courtesy of Essex 312, LLC
Add your commute

Building Information for 4140 North Western Avenue

Stories-Residences2Year Built1899Building Size-Lot Size0.06 AC / 2,700 SF

Payment Calculator

$4,461 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,407

Property Taxes

$1,054

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4140 North Western Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Coonley Elementary School
  • Jr High Middle School: Coonley Elementary School
  • High School District: 299
  • High School: Amundsen High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location and General Information
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 20
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Partially Finished, Exterior Entry, Full
  • Bedrooms Possible: 5
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Enclosed Porch, Utility Room-Lower Level
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X108
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Frame
  • Roof Type: Asphalt
  • Foundation Details: Brick/Mortar
  • General Information: None
  • North Coordinate: 4140
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2400
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2026-01-23T14:15:52
  • Photos Count: 47
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $500.00
  • Gross Income: $93,600.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $1,500.00
  • Electric Expense Source: Combination
  • Insurance Expense Source: Combination
  • Other Addl Income: Parking Space/s
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Water Expense Source: Combination
  • Net Operating Income: $69,398.00
  • Water Sewer Expense: $1,260.00
  • Other Expenses $: 1500
Unit 1
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: vac
Unit 2
  • Unit Type Actual Rent: $3,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: vac

Property History for 4140 North Western Avenue

DateEvent & SourcePriceAppreciation
Jan 22, 2026

Listed (Active)

MRED #12544385

$699,000—
Aug 20, 2015

Sold

MRED #08898564

$380,000—
Jun 16, 2015

Pending

MRED #08898564

—
Apr 22, 2015

Listed (Active)

MRED #08898564

$424,900—
Aug 11, 2014

Cancelled

MRED #08678726

$439,000—
Jul 21, 2014

Cancelled

MRED #08648377

$479,000—
Jul 21, 2014

Listed (Active)

MRED #08678726

$459,000—
Jun 18, 2014

Listed (Active)

MRED #08648377

$499,000—
Dec 12, 2007

Cancelled

MRED #06476685

$475,000—
Apr 13, 2007

Listed (Active)

MRED #06476685

$525,000—
Dec 16, 2002

Sold (Public Record)

Public Record #105315511

$403,000—
DateEvent & SourcePrice
01/22/2026

Listed (Active)

MRED #12544385

$699,000
08/20/2015

Sold

MRED #08898564

$380,000
06/16/2015

Pending

MRED #08898564

—
04/22/2015

Listed (Active)

MRED #08898564

$424,900
08/11/2014

Cancelled

MRED #08678726

$439,000
07/21/2014

Cancelled

MRED #08648377

$479,000
07/21/2014

Listed (Active)

MRED #08678726

$459,000
06/18/2014

Listed (Active)

MRED #08648377

$499,000
12/12/2007

Cancelled

MRED #06476685

$475,000
04/13/2007

Listed (Active)

MRED #06476685

$525,000
12/16/2002

Sold (Public Record)

Public Record #105315511

$403,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4140 North Western Avenue

Taxable ValueLand$6,480Additions$56,443Total$62,923
Tax Record2023$13,694 ($1,141 / month)
Home Facts
Baths3.5Total Finished SqFt2,554 SqFtAbove Grade Finished SqFt2,554 SqFtStories2Lot Size2,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN13-13-413-038

Schools near 4140 North Western Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Coonley Elementary School
Public - K to 8
Amundsen High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 11
York Alternative High School
Public - 9 to 12
Rating
School
Distance
Coonley Elementary School
PublicK to 8

Amundsen High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4140 North Western Avenue, Chicago, IL 60618

4140 North Western Avenue is a multi-family home for sale in Chicago, IL 60618. This property was listed for sale on January 22, 2026 by Essex 312, LLC, it's currently listed at $699,000. It has been on the market for a total of 31 days and was last sold on August 20, 2015. This listing's school district is Chicago Public Schools. Nearby schools include Coonley Elementary School, Amundsen High School and Art in Motion Charter School. 4140 North Western Avenue is a 5-bed, 4-bath, multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Essex 312, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/20/2026 07:47 AM. 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.