4948 North Winchester, Chicago IL 60640
- Units 4
- Total Beds 8
- Total Baths 4
- Taxes $13,648
- Payment Estimate View Mortgage Calculator
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Property Description
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.
Features & Information
Key Details
- List Price $1,499,500
- Property Taxes $13,648
- Price/ Sq. Ft. Unavailable
- Year Built 1898
- Parking Type Garage
- Status Active
Rooms
- Total Rooms 15
- Basement F
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 3
Building Information
- Number of Units 4
- Age of Building 100+ Years
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Gas, Forced Air, 2+ Sep Heating Systems
-
Units
- Unit 1 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space
- Unit 2 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space
- Unit 3 Stove, Refrigerator, Dishwasher, Central Air Conditioner
- Unit 4 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space
Location
- County Cook
- Township Lake View
- Corporate Limits Chicago
- Directions to Property Lawrence & Damen East To Winchester
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Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 13648
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 14074160150000
Utilities
- Sewer Sewer-Publ
Listed by: Westward360 RM | Phone: 773.572.0880
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 12/18/2025 6:02 AM. 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.
Explore Ravenswood
Filled with gigantic trees, spacious lawns, and old renovated homes, the Ravenswood neighborhood is a lovely place to get away from hectic city life, while remaining in the middle of a thriving community that has it all. One of Ravenswood's (or Lincoln Square's, depending on who you ask) crowning glories is the Old Town School of Folk Music. It originated in Old Town, but the performance venue (which has hosted the likes of Joni Mitchell) was moved up to Ravenswood in recent years and continues to produce great folk shows. A slew of Ravenswood cafés and taverns also welcome live music and the occasional comedy act, in addition to supplying the bulk of neighborhood nightlife. On the dining front, a long list of excellent restaurants has made a blip on Chicago's culinary radar. Romantic French bistros, trendy sushi bars, unforgettable Italian pasterias, and satisfying American diners cover any mood or craving with style and masterfully prepared meals.
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