4703 N Winchester Avenue Chicago, IL $ 1,550,000
4703 N Winchester Avenue
$ 1,550,000
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4703 N Winchester Avenue

Chicago, IL, 60640
$ 1,550,000
Bedrooms1 Baths0.0 Sq 4,000

Monthly Estimate*

$ 9,544

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Multi-Family Home for sale in Chicago, IL

for $1,550,000 with 1 bedroom. This 4,000 square foot home was built in 1900 on a lot size of 0.084917.

4703 N Winchester Ave presents an exceptional opportunity to acquire an 8-unit multifamily asset in Chicago's highly desirable Ravenswood neighborhood. The classic brick building consists entirely of one-bedroom, one-bathroom units totaling approximately 3,500 square feet, offering strong tenant demand in a transit-oriented, walkable North Side location. The property benefits from stable in-place income with clear upside through continued unit and common area upgrades, allowing investors to capture rent growth in a supply-constrained submarket known for its neighborhood character, access to CTA transit, proximity to Lincoln Square, and strong surrounding retail and employment hubs. Additional income from on-site laundry, separately metered electric, and consistent rental demand make this a compelling opportunity for investors seeking both immediate cash flow and long-term appreciation in one of Chicago's most resilient rental markets.

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Multi-Family Active

Price

$ 1,550,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 18,724

Style

Lot Size

0.084917

Year Built

1900

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12559101

Features
General
Zoning MULTI
Construction Materials Brick
Year Built 1900
Stories Count 2
Tax Year 2024
Gross Income 143880
County Cook
Net Operating Income 95435
Operating Expense 43533
Insurance Expense 2805
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 4750
Status New
Directions On the Northeast corner of Winchester Ave and Leland Ave. South of Lawrence Ave North of Wilson Ave. West of Ashland Ave and East of Damen Ave.
City Chicago
Number Of Units Total 8
MLS Area CHI - Lincoln Square
Lot Size Square Feet 3699
Tax Annual Amount 18724
Electric Expense 1357
Fuel Expense 4368
Trash Expense 1926
Water Sewer Expense 2105
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.22
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Exterior
Building Area Total 4000
Lot Dimensions 84x44
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* Excluded Features
List By
Horvath & Tremblay Il, Llc

Broker

mweis@htapartments.com

Email

Affordability Calculator

$11,104
Per Month
86%
14%
0%
Monthly Principal & Interest
$9,544
Monthly Property Taxes
$1,560
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2026$1,550,000 Listed Price

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4703 N Winchester Avenue, Chicago, IL, 60640 is a Multi-Family Home for sale at $1,550,000 with 4,000 sqft and a lot size of 0.084917. 4703 N Winchester Avenue has 1 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 60640 which is in Chicago, IL