4948 N Winchester Avenue Chicago, IL $ 1,499,500
4948 N Winchester Avenue
$ 1,499,500
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4948 N Winchester Avenue

Chicago, IL, 60640
$ 1,499,500
Bedrooms8 Baths4.0

Monthly Estimate*

$ 9,355

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Multi-Family Home for sale in Chicago, IL

for $1,499,500 with 8 bedrooms and 4 full baths. This home was built in 1898.

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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Multi-Family Active

Price

$ 1,499,500

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 13,648

Style

Victorian

Year Built

1898

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12478684

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air Sep Heating Systems - 2+
Possession Closing
Roof Asphalt
Zoning MULTI
Garage Spaces 3
Architectural Style Victorian
Construction Materials Brick
Year Built 1898
Township Lake View
Tax Year 2023
Ownership Fee Simple
Community Features Curbs Gated Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Active
Directions LAWRENCE & DAMEN EAST TO WINCHESTER
City Chicago
High School District 299
MLS Area CHI - Lincoln Square
Tax Annual Amount 13648
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features On Site Detached Garage
Water Source Lake Michigan
Total Parking 3
Foundation Details Concrete Perimeter
Lot Dimensions 30X152.5
Waterfront Y/N N
Other Equipment TV-Cable Intercom CO Detectors Ceiling Fan(s)
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* Excluded Features
List By
Westward360 Rm

Broker

stephenf@westward360.com; stephenjfisher@sbcglobal.net

Email

Affordability Calculator

$10,492
Per Month
89%
11%
0%
Monthly Principal & Interest
$9,355
Monthly Property Taxes
$1,137
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2025$1,499,500 Listed Price

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4948 N Winchester Avenue, Chicago, IL, 60640 is a Multi-Family Home for sale at $1,499,500. 4948 N Winchester Avenue has 8 bedrooms, 4.0 baths, and was built in 1898. The property's zip code is 60640 which is in Chicago, IL