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$1,125,000
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Property Description
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.
Full Property Details
Full Property Details for 4948 N Winchester Ave
General
- Sold For: $1,125,000
- Taxes: $13,648 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12478684
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Cable TV, Intercom, Carbon Monoxide Detectors, Ceiling Fan(s)
Parking
- Garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Lincoln Square
- County: Cook
- Driving Directions: LAWRENCE & DAMEN EAST TO WINCHESTER
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+
Utilities
- Water: Lake Michigan
Structural Information
- Architectural Style: Victorian
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1898
- Built Before 1978: Yes
- Remodeled/Updated: 2018
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 30 x 152.5
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $13,648
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 14074160150000
Listed by Westward360 RM
Sold by Compass
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Schools
Schools serving 4948 N Winchester Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
McPherson Elementary School 4728 North Wolcott Avenue, Chicago, IL 60640 | K-8 | 0.3 mi |
Amundsen High School 5110 North Damen Avenue, Chicago, IL 60625 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
4948 N Winchester Avenue, Chicago, IL 60640 (MLS# 12478684) is a Multi-Family property that was sold at $1,125,000 on July 20, 2026. Want to learn more about 4948 N Winchester Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lincoln Square? You can browse all Lincoln Square real estate or contact a Coldwell Banker agent to request more information.

