4948 N Winchester Avenue — Chicago, IL 60640
Active
▼ $274,500
Chicago, IL 60640

4948 N Winchester Avenue

$1,225,000
8 beds · 4 baths
$274,500 below original 254 days on market $13,648/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$1,225,000
List price
Square feet
8
Bedrooms
4
Bathrooms
1898
Year built
Lot size
3
Garage spaces
$13,648
Annual taxes
Victorian
Style
254
Days on market
04Features
Heating
Natural GasForced AirSep Heating Systems - 2+
Parking
DetachedGarage
Construction
Brick
Equipment
TV-CableIntercomCO DetectorsCeiling Fan(s)
Sewer
Public Sewer
05Neighborhood
  • Ravenswood Breakfast House 350 ft
  • Falcon's Handcrafted Sandwiches 1000 ft
  • Pollo Express 0.2 mi
  • Nob’s Wine Bar 0.2 mi
  • Budacki's 0.2 mi
  • Wendy's 0.3 mi
  • Mariano's Fresh Market 0.2 mi
  • Citgo 0.4 mi
  • Mobil Mart 0.4 mi
  • 7-Eleven 0.4 mi
  • Shell 0.4 mi
  • 7-Eleven 0.5 mi
  • Vogle Park 0.3 mi
  • Winnemac Park 0.3 mi
  • LFC Maternelle's playground 0.5 mi
  • Chase Park 0.6 mi
  • Giddings Plaza 0.6 mi
  • Andersonville Park 0.6 mi
  • Sweet Moon 950 ft
  • Colective Coffee 0.2 mi
  • Side Practice Coffee 0.3 mi
  • Dunkin' 0.3 mi
  • The Perfect Cup 0.3 mi
  • La Boulangerie & Co 0.5 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jun 10, 2026
Price reducedThis listing
Westward360 RM
$1,225,000
−$274,500
Sep 30, 2025
Listed for saleThis listing
Westward360 RM
$1,499,500
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

Stand in the kitchen.
See the light at 4pm.

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09Similar homes
Listed by Westward360 RM · Stephen Fisher · 312-209-2652
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12478684
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