4948 N Winchester Ave Chicago, IL 60640
Ravenswood NeighborhoodEstimated payment $7,754/month
Highlights
- Gated Community
- 3 Car Detached Garage
- Two Heating Systems
- Victorian Architecture
- Intercom
- Ceiling Fan
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.
Listing Agent
Westward360 RM Brokerage Email: stephenf@westward360.com License #471023024 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/15/2026 06/15/26 | Pending | -- | -- | -- |
| 06/10/2026 06/10/26 | Price Changed | $1,225,000 | -1.9% | -- |
| 06/01/2026 06/01/26 | Price Changed | $1,249,000 | -3.9% | -- |
| 05/11/2026 05/11/26 | Price Changed | $1,299,995 | -3.3% | -- |
| 04/29/2026 04/29/26 | Price Changed | $1,345,000 | -3.9% | -- |
| 03/10/2026 03/10/26 | Price Changed | $1,399,500 | -6.7% | -- |
| 09/30/2025 09/30/25 | For Sale | $1,499,500 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Old Republic National Title In | |
| Quit Claim Deed | -- | Residential Title Services | |
| Deed | $550,000 | M G R Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $160,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $600,000 | Commercial | |
| Closed | $471,200 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12478684
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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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