4800 S Winchester Ave Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $5,761/month
About This Home
This 10-unit multifamily asset, comprised of three buildings on a single oversized parcel, offers stabilized cash flow with recent capital improvements that significantly reduce near-term expenditures. Ownership has completed upgrades to electrical, plumbing, and mechanical systems, along with exterior improvements, positioning the asset as a low-maintenance investment. Units feature renovated interiors with updated kitchens and baths, supporting strong tenant demand and rental stability. Enjoy strong cash flow with very little capex for several years to come.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,885
Year Built
- Built in 1887
Lot Details
- 5,811 Sq Ft Lot
- Lot Dimensions are 50x125
Home Design
- Brick Exterior Construction
Additional Features
- 3-Story Property
- Heating System Uses Gas
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $1,260
- Insurance Expense $7,000
- Maintenance Expense $9,000
- Other Expense $4,500
- Water Sewer Expense $4,038
- Gross Income $140,260
- Net Operating Income $64,833
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,657 | $107,078 | $3,487 | $103,591 |
| 2024 | $6,657 | $107,078 | $3,487 | $103,591 |
| 2023 | $6,775 | $31,382 | $4,650 | $26,732 |
| 2022 | $6,775 | $32,753 | $4,650 | $28,103 |
| 2021 | $6,837 | $33,998 | $4,649 | $29,349 |
| 2020 | $9,945 | $44,353 | $5,812 | $38,541 |
| 2019 | $2,113 | $10,449 | $5,812 | $4,637 |
| 2018 | $10,375 | $52,182 | $5,812 | $46,370 |
| 2017 | $8,313 | $38,361 | $5,230 | $33,131 |
| 2016 | $7,734 | $38,361 | $5,230 | $33,131 |
| 2015 | $7,081 | $38,361 | $5,230 | $33,131 |
| 2014 | $6,369 | $34,062 | $4,940 | $29,122 |
| 2013 | $6,245 | $34,062 | $4,940 | $29,122 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $899,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12626727
APN: 20-07-208-017
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.