4948 N Winchester Ave

$1,499,500
Price
8
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.

Property Details for 4948 North Winchester Avenue

Area
CHI - Lincoln Square
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air, Sep Heating Systems - 2+
Architectural Style
Victorian
Zoning
MULTI
LISTING UPDATED: 10/06/2025 12:07 AM

Property Details for 4948 North Winchester Avenue

StatusActive
MLS #12478684
Days on Market77
Taxes$13,648 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1898
Lot Size0.11 AC / 4,575 SF
CountyCook County

Location

Listing Courtesy of Westward360 RM
Add your commute

Building Information for 4948 North Winchester Avenue

Stories-Residences4Year Built1898Building Size-Lot Size0.11 AC / 4,575 SF

Payment Calculator

$8,547 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,410

Property Taxes

$1,137

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4948 North Winchester Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: On Site, Detached, Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 8
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: TV-Cable, Intercom, CO Detectors, Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2018
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 30X152.5
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Construction: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 4948
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1950
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 48
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Other Addl Income: Garage/s
Unit 1
  • Unit Type Actual Rent: $1,475.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 03/26
Unit 2
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 09/26
Unit 3
  • Unit Type Actual Rent: $2,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 04/26
Unit 4
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 9/26

Property History for 4948 North Winchester Avenue

DateEvent & SourcePriceAppreciation
Sep 30, 2025

Listed (Active)

MRED #12478684

$1,499,500
Jan 3, 2010

Cancelled

MRED #06870279

$749,000
Apr 22, 2008

Listed (Active)

MRED #06870279

$950,000
Jun 11, 2003

Sold (Public Record)

Public Record #121154169

$825,000
DateEvent & SourcePrice
09/30/2025

Listed (Active)

MRED #12478684

$1,499,500
01/03/2010

Cancelled

MRED #06870279

$749,000
04/22/2008

Listed (Active)

MRED #06870279

$950,000
06/11/2003

Sold (Public Record)

Public Record #121154169

$825,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4948 North Winchester Avenue

Taxable ValueLand$36,720Additions$31,280Total$68,000
Tax Record2023$13,648 ($1,137 / month)
Home Facts
Baths4Total Finished SqFt3,450 SqFtAbove Grade Finished SqFt3,450 SqFtStories2Lot Size4,590 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCOOKAPN14-07-416-015

Schools near 4948 North Winchester Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
McPherson Elementary School
PublicPK to 8

Amundsen High School
Public9 to 12

Passages Elementary Charter School
CharterK to 8

YCCS-Truman Middle College HS
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

4948 North Winchester Avenue is a multi-family home for sale in Chicago, IL 60640. This property was listed for sale on September 30, 2025 by Westward360 RM, it's currently listed at $1,499,500. It has been on the market for a total of 77 days and was last sold on June 11, 2003. This listing's school district is Chicago Public Schools. Nearby schools include McPherson Elementary School, Amundsen High School and Passages Elementary Charter School. 4948 North Winchester Avenue is a 8-bed, 4-bath, multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westward360 RM

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/06/2025 12:07 AM. 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.