Active
4948 N Winchester Avenue, Chicago, IL
  • $1,249,000
  • $1,299,995

Description

Discover this very well-maintained four-unit (Legal 3 flat with top floor nonconforming 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.

  • Listing Courtesy of: Westward360 RM

Details

Updated on June 5, 2026 at 10:47 am
  • Property ID MRD12478684
  • Price $1,249,000
  • Bedrooms 8
  • Garages 3
  • Year Built 1898
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 3
  • Parcel Number 14074160150000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • Architectural Style Victorian
  • MLS Status Price Change
  • Co List Agent MLS ID MRD887221
  • Days On Market 244
  • Cumulative Days On Market 245
  • Tax Annual Amount 13648
  • Heating Natural Gas,Forced Air,Sep Heating Systems - 2+
  • Parking Features Yes,Detached,Garage
  • Directions LAWRENCE & DAMEN EAST TO WINCHESTER
  • Zoning MULTI

Address

Open on Google Maps
  • Address 4948 N Winchester Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60640
  • Country United States

Overview

Property ID: MRD12478684
  • Multi Family
  • Property Type
  • 8
  • Bedrooms
  • 3
  • Garages
  • 1898
  • Year Built

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