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4948 Winchester Avenue

Chicago, IL 60640
$1,399,500 ▼ $100,000 from $1,499,500
8beds
4baths
sqft
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About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential Income
Year built1898
Garage spaces3
Lot size
Architectural styleVictorian
Annual tax$13,648
CountyCook
MLS #MRD12478684
Days on market198

Features

Heating
Natural GasForced AirSep Heating Systems - 2+
Parking
YesDetachedGarage
Construction
Brick
Sewer
Public Sewer
Listed by
Westward360 RM
Stephen Fisher · 312-209-2652

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/15/2026, 7:43:02 PM. All data should be independently verified.

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