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Listing provided courtesy of Westward360 RMMREDMLS# 12478684MLS Provider
  • 272 days on site
  • 5 views

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.

Source: MRED, MLS#: 12478684

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  • Property Type
    Residential Income

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 4948 N Winchester Avenue

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/15/2026Source: MRED Status Change
Pending
6/10/2026Source: MRED Price Reduction
$1,225,000 -1.9%
6/10/2026Source: MRED Status Change
Price Change
6/6/2026Source: MRED Status Change
Active
6/1/2026Source: MRED Price Reduction
$1,249,000 -3.9%
6/1/2026Source: MRED Status Change
Price Change
5/16/2026Source: MRED Status Change
Active
5/11/2026Source: MRED Price Reduction
$1,299,995 -3.3%
5/11/2026Source: MRED Status Change
Price Change
5/4/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Price Reduction
$1,345,000 -3.9%
4/29/2026Source: MRED Status Change
Price Change
3/15/2026Source: MRED Status Change
Active
3/10/2026Source: MRED Price Reduction
$1,399,500 -6.7%
3/10/2026Source: MRED Status Change
Price Change
10/5/2025Source: MRED Status Change
Active
9/30/2025Source: MRED Added to Database
September 30, 2025