4948 N Winchester AVE, Chicago, IL 60640 - MLS#12478684

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Ashley Dirks

redefinedliving@ashleydirks.com +1(530) 864-4808

$1,499,500

Est. payment - /mo

8 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12478684

Style Victorian

Bedrooms 8

Year Built 1898

Annual Tax Amount $13,648

Tax Year 2023

Lot Dimensions 30X152.5

Property Sub-Type Two to Four Units

Property 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 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.

Location

State IL

County Cook

Area Chi - Lincoln Square

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+

Equipment TV-Cable, Intercom, CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 3.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Read Less Info

Listed by Stephen Fisher of Westward360 RM

4948 N Winchester AVE Chicago, IL 60640