$1,125,000

4948 N Winchester Avenue, Chicago IL, 60640

Built in1898

Property typeMulti-family

Bought with Alexandre Stoykov with Compass and Listed by Stephen Fisher with Westward360 RM 312-209-2652

Overview

Sold

Closed

Listed Sep 30, 2025

Updated Jul 22

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.

Additional information

MLS^® ID: 12478684

Interior Features

Bedrooms: 8
Bathrooms: 4
Heating: Yes
Basement: Yes

Other Property Details

Taxes: $13,648
Tax Frequency: Annually
Garage: Yes

Bought with Alexandre Stoykov with Compass and Listed by Stephen Fisher with Westward360 RM 312-209-2652

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Based on information submitted to the MLS GRID for MRED 7/22/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 3:48 PM UTC on 7/22/2026.

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