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4948 N Winchester Avenue, Chicago, IL 60640

Chicago
Local realty services provided by:CENTURY 21 Circle
4948 N Winchester Avenue,Chicago, IL 60640
$1,225,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: stephen fisher, zachary daniels
Office: westward360 rm
MLS#:12478684
Source:MLSNI

Price summary

  • Price:$1,225,000

About this home

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...

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Home facts

  • Year built:1898
  • Listing ID #:12478684
  • Updated:June 20, 2026 at 07:54 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:15
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas, Sep Heating Systems - 2+

Structure and exterior

  • Roof:Asphalt
  • Year built:1898
  • Architectural Style:Victorian
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,225,000
  • Tax amount:$13,648 (2023)

Features and amenities

  • Amenities:CO Detectors, Ceiling Fan(s), Intercom, TV-Cable

Parking

  • Total parking spaces:3
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:3
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