4832 N Winthrop Ave Chicago, IL 60640
Sheridan Park NeighborhoodEstimated payment $8,237/month
Highlights
- Central Heating
- 4-minute walk to Argyle Station
- 3-minute walk to Hickory Park
About This Home
Rare opportunity to acquire a renovated multifamily building in the heart of Uptown, one of Chicago's most vibrant and transit-oriented neighborhoods. Renovated in the past 10 years, the property features six modern residential units with individual HVAC and efficient layouts. This investment offers stable income with significant immediate upside for the next owner. The partially finished basement also provides the potential for a 7th unit as a 2-bedroom accessory dwelling unit (ADU). In-place rents are below market averages, promising substantial upside. With the grand reopening of the Lawrence Red Line station after a four-year, multibillion-dollar reconstruction, tenant demand is expected to rise significantly. The improved accessibility to public transportation, combined with the property's proximity to Uptown's entertainment district and lakefront amenities, positions it perfectly for strong rent growth potential and long-term appreciation. The building is ideally situated next to a brand-new public park and steps from iconic venues like the Aragon Ballroom, Riviera Theatre, and Green Mill Lounge. The popularity of these venues drives consistent demand for off-street parking, creating an additional income opportunity via platforms like SpotHero. The neighborhood's walkability, easy access to Lake Shore Drive, and thriving retail and dining scene make this a prime investment opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,090
Year Built
- Built in 1901
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Utilities
- Window Unit Cooling System
- Central Heating
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $726
- Insurance Expense $2,057
- Maintenance Expense $1,500
- Manager Expense $4,945
- Other Expense $1,450
- Water Sewer Expense $2,470
- Operating Expense $32,038
- Gross Income $104,100
- Net Operating Income $32,038
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $1,290,000 | +101.6% | -- |
| 05/20/2016 05/20/16 | Sold | $640,000 | -20.0% | -- |
| 02/25/2016 02/25/16 | Pending | -- | -- | -- |
| 01/11/2016 01/11/16 | For Sale | $799,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12430995
APN: 14-08-414-026-0000
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