4948 N Winchester Avenue, Chicago, IL 60640
Local realty services provided by:ERA Naper Realty
4948 N Winchester Avenue,Chicago, IL 60640
$1,499,500
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: stephen fisher, zachary daniels
Office: westward360 rm
MLS#:12478684
Source:MLSNI
Price summary
- Price:$1,499,500
About this home
Discover this very well-maintained four-unit building perfectly located in the heart of Ravenswood. This property sits on an extra-wide lot and offers a desirable mix of units - the top floor features a spacious one-bed/one-bath, the raised first and second floors each have two-bed/one-bath layouts, and the garden level boasts a large one-bed/one-bath unit. All units feature gas stoves and dishwashers, with shared laundry conveniently located on-site. The building also includes a three-car brick garage and a fenced backyard, providing added value for tenants and owners alike. Currently fully occupied, this turn-key investment generates solid income with immediate upside potential - rents have not been raised to market rates, leaving room to increase cash flow. Just steps from grocery stores, train stops, gyms, restaurants, and more, this is a rare opportunity to own a profitable, well-kept property in one of Chicago's most sought-after neighborhoods.
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Home facts
- Year built:1898
- Listing ID #:12478684
- Added:45 day(s) ago
- Updated:November 15, 2025 at 12:06 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Forced Air, Natural Gas, Sep Heating Systems - 2+
Structure and exterior
- Roof:Asphalt
- Year built:1898
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,499,500
- Tax amount:$13,648 (2023)
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