PendingPrice Reduced

$1,225,000

$1,499,500
4948 Winchester Avenue, Chicago, IL 60640
8 Beds4 Baths259 days
4948 Winchester Avenue·Chicago, IL 60640
8Bedrooms
4Bathrooms
1898Year Built
About 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.

MLS# 12478684Listed September 30, 2025Residential IncomeVictorian
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms15

Size & Structure

Garage Spaces3
Year Built1898
Lot Size30X152.5

Location

CountyCook
TownshipLake View
Zip Code60640

Financial

List Price$1,225,000
Original Price$1,499,500
Annual Taxes (2023)$13,648
Monthly Tax Est.$1,137
Parcel #14074160150000
Interior Features

Heating

Natural GasForced AirSep Heating Systems - 2+

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesDetachedGarage
HOA & Community

Community Features

CurbsGatedSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$13,648
Tax Year 2023
Monthly Tax Est.
$1,137
per month
Price Reduced by $274,500
Original list price: $1,499,500
Property Location

4948 Winchester Avenue, Chicago, IL 60640Cook County

$1,225,000
4948 Winchester Avenue
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
259 days on market
3-car garage
30X152.5
$13,648/yr taxes
Price reduced $274,500
$7,575
estimated monthly payment
Principal & Interest
$6,438/mo
Property Tax
$1,137/mo
$1,225,000
20% — $245,000
3%50%
6.875%
3%12%
Loan Amount
$980,000
Down Payment
$245,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Westward360 RM
Agent: Stephen Fisher
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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