4948 N Winchester Ave Chicago, IL 60640
Ravenswood NeighborhoodEstimated payment $8,419/month
Highlights
- Gated Community
- 3 Car Detached Garage
- Two Heating Systems
- Victorian Architecture
- Intercom
- Ceiling Fan
About This Home
Showings happening 3/15 at 2:30-3:30. This building will not last so try to meet us for this time slot. 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.
Listing Agent
Westward360 RM Brokerage Email: stephenf@westward360.com License #475164335 Listed on: 09/30/2025
Co-Listing Agent
Westward360 RM Brokerage Email: stephenf@westward360.com License #475189549
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,648
Year Built
- Built in 1898 | Remodeled in 2018
Lot Details
- Lot Dimensions are 30x152.5
- Paved or Partially Paved Lot
Parking
- 3 Car Detached Garage
- Parking Available
Home Design
- Victorian Architecture
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Home Security
- Intercom
- Carbon Monoxide Detectors
Utilities
- Two Heating Systems
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
- 4 Units
- Gated Community
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 | $13,648 | $80,071 | $42,499 | $37,572 |
| 2024 | $13,648 | $80,071 | $42,499 | $37,572 |
| 2023 | $13,283 | $68,000 | $36,720 | $31,280 |
| 2022 | $13,283 | $68,000 | $36,720 | $31,280 |
| 2021 | $13,005 | $68,000 | $36,720 | $31,280 |
| 2020 | $11,524 | $54,832 | $19,278 | $35,554 |
| 2019 | $11,689 | $61,610 | $19,278 | $42,332 |
| 2018 | $11,491 | $61,610 | $19,278 | $42,332 |
| 2017 | $9,998 | $49,817 | $16,524 | $33,293 |
| 2016 | $9,478 | $49,817 | $16,524 | $33,293 |
| 2015 | $8,648 | $49,817 | $16,524 | $33,293 |
| 2014 | $7,915 | $45,227 | $11,934 | $33,293 |
| 2013 | $7,747 | $45,227 | $11,934 | $33,293 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2026 03/10/26 | Price Changed | $1,399,500 | -6.7% | -- |
| 09/30/2025 09/30/25 | For Sale | $1,499,500 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12478684
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.