4948 N Winchester Avenue Chicago IL 60640 MLS #MRD12478684

MLS #MRD12478684 image #0
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.

Property Details

Price:
$1,499,500
MLS #:
MRD12478684
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chilincolnsquare
Listed Date:
Sep 30, 2025
Year Built:
1898
Chi – Lincoln SquareChilincolnsquare

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+

Exterior

Architectural Style
Victorian
Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
On Site, Detached, Garage
Parking Spots
3
Roof
Asphalt

Financial

Tax Year
2023
Taxes
$13,648

Listing Agent & Office

Stephen Fisher
Westward360 RM

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