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.
Closed
$1,125,000
4948 N Winchester Ave, Chicago, IL 60640
7beds
--sqft
Multi Family
Built in 1898
-- sqft lot
$1,125,300 Zestimate®
$--/sqft
$4,293 Estimated rent
Home value
$1,125,300
$1.02M - $1.24M
$4,293/mo
Zestimate® history
Owner options
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$4,293/mo
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$4,293/mo
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$6,622/mo
Est. payment
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$6,622/mo
Est. payment
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List your homeWhat's special
Fenced backyardExtra-wide lotThree-car brick garage
Zillow last checked:
Listing updated:
Listed by:
Stephen Fisher stephenf@westward360.com,
Westward360 RM,
Zachary Daniels,
Westward360 RM
Bought with:
Alexandre Stoykov
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12478684
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air, Sep Heating Systems - 2+
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 3
- Parking features: Yes, Detached, Garage
- Garage spaces: 3
Lot
- Size: 4,575 Square Feet
- Dimensions: 30X152.5
Details
- Parcel number: 14074160150000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
- Other equipment: TV-Cable, Intercom, Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1898
- Major remodel year: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $850,000
- Annual tax amount: $13,648
- Date on market: 9/30/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Sold | $1,125,000-8.2% |
Source:  MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 6/16/2026 | Pending sale | $1,225,000 |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 6/10/2026 | Price change | $1,225,000-1.9% |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 6/1/2026 | Price change | $1,249,000-3.9% |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 5/11/2026 | Price change | $1,299,995-3.3% |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 4/29/2026 | Price change | $1,345,000-3.9% |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 3/10/2026 | Price change | $1,399,500-6.7% |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 9/30/2025 | Listed for sale | $1,499,500+87.7% |
Source: MRED as distributed by MLS GRID #12478684 Report a problem | ||
| 9/10/2014 | Listing removed | $1,800 |
Source: Real Property Management Chicago Edge Report a problem | ||
| 8/21/2014 | Listed for rent | $1,800 |
Source: Real Property Management Chicago Edge Report a problem | ||
| 12/17/2009 | Listing removed | $799,000 |
Source: Susan Swift #06870279 Report a problem | ||
| 4/30/2009 | Price change | $799,000-5.9% |
Source: Keller Williams Realty #06870279 Report a problem | ||
| 1/26/2009 | Price change | $849,000-5.6% |
Source: Keller Williams Realty #06870279 Report a problem | ||
| 9/28/2008 | Listed for sale | $899,000+63.5% |
Source: Listhub #06870279 Report a problem | ||
| 6/11/2003 | Sold | $550,000+243.8% |
Source: Public Record Report a problem | ||
| 10/21/1996 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $15,425 +13% | $85,000 +25% |
| 2023 | $13,648 +2.7% | $68,000 |
| 2022 | $13,283 +2.1% | $68,000 |
| 2021 | $13,005 +12.8% | $68,000 +24% |
| 2020 | $11,524 -1.4% | $54,832 -11% |
| 2019 | $11,689 +1.7% | $61,610 |
| 2018 | $11,491 +14.9% | $61,610 +23.7% |
| 2017 | $9,998 +5.5% | $49,817 |
| 2016 | $9,478 +9.6% | $49,817 |
| 2015 | $8,648 +9.3% | $49,817 +10.1% |
| 2014 | $7,915 +2.2% | $45,227 |
| 2013 | $7,747 -10.9% | $45,227 -11.3% |
| 2012 | $8,697 -1.5% | $50,962 -9.8% |
| 2011 | $8,829 +5% | $56,502 |
| 2010 | $8,405 -4.6% | $56,502 |
| 2009 | $8,811 +4.9% | $56,502 -3.5% |
| 2008 | $8,402 +1% | $58,569 |
| 2007 | $8,318 -1.1% | $58,569 |
| 2006 | $8,408 +18.4% | $58,569 +34.7% |
| 2005 | $7,103 +1% | $43,472 |
| 2004 | $7,032 +2.2% | $43,472 |
| 2003 | $6,879 +42.9% | $43,472 +51.9% |
| 2002 | $4,815 +4.5% | $28,622 |
| 2001 | $4,606 +29.9% | $28,622 |
| 2000 | $3,546 | $28,622 +39.9% |
| 1999 | $3,546 | $20,460 |
Find assessor info on the county website
Neighborhood: Ravenswood
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Nearby schools
GreatSchools rating
- 6/10McPherson Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 3/10Amundsen High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,125,300
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Estimated market value
$1,125,300
- Illinois
- Cook County
- Chicago
- 60640
- Ravenswood
- 4948 N Winchester Ave
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