4703 North Winchester, Chicago IL 60640
Property Description
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.
Features & Information
Key Details
- List Price $1,550,000
- Property Taxes $18,724
- Price/ Sq. Ft. Unavailable
- Year Built 1900
- Status New
Building Information
- Age of Building New Rehab
- Exterior Construction Brick
- Heating & Cooling Central Heat/Indiv Controls, Gas, Space Heaters, Individual Furnaces
Location
- County Cook
- Directions to Property 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.
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Property Taxes
- Tax 18724
- Parcel Identification Number 14182010190000
Listed by: Horvath & Tremblay IL, LLC | Phone: 312.361.1643
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2/3/2026 7:02 PM. 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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