4948 North Winchester Avenue, Chicago, IL

$1,499,500

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8

Beds

4

Baths

About 4948 North Winchester Avenue

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 of 4948 North Winchester Avenue

MLS® # 12478684
Price $1,499,500
Bedrooms 8
Bathrooms 4.00
Acres 0.00
Year Built 1898
Type Residential Income
Sub-Type Two to Four Units
Style Victorian
Status Active

Community Information

Address 4948 North Winchester Avenue
Area CHI - Lincoln Square
City Chicago
County Cook
State IL
Zip Code 60640

Amenities

Parking Spaces 3
Parking On Site, Detached, Garage
# of Garages 3
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+
Fireplace No
Has Basement Yes
Basement Unfinished, Full

Exterior

Exterior Brick
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 299

Additional Information

Days on Market 20
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWestward360 RM
Contact Info773-572-0880

Listing Map

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