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0 Beds

$1,530,000

4703 N Winchester Avenue, Chicago IL, 60640

Built in1900
Property typeMulti-family
Listed by Micah Weis with Horvath & Tremblay IL, LLC 224-223-4503

Overview

Under contract

Contingent

Listed Aug 10, 2026

Updated Aug 12

Tucked into a tree-lined stretch of Ravenswood, 4703 North Winchester Avenue is a handsome, turn-of-the-century brick building with a classic covered front porch and the vintage character that consistently commands a premium from renters. Every unit is a true one-bedroom, one-bathroom layout. 6 of 8 units have been updated while 2 of the remaining units have more vintage finishes, making this a great opportunity to cash flow in current condition, but still taking advantage of additional upside in rents. The location does the heavy lifting: a short walk to the CTA Brown Line, surrounded by Lincoln Square's shops and restaurants, minutes from Winnemac and Welles Parks, in a dense pocket of the city where quality rental housing is chronically undersupplied. Coin-operated laundry and tenant storage in the basement, tenant-paid electric, and a durable brick exterior round out a stabilized, cash-flowing asset in an irreplaceable North Side location - with a straightforward path to grow income simply by staying the course and light value-add strategy. Current gross rents are over $150k annually - a 10.19 GRM & 6.92% cap rate on current numbers!

$10,179/mo

Est. mortgage payment based on a $1,530,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$18,724
Tax Frequency
Annually
Maintenance Expense
$6,500
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Listed by Micah Weis with Horvath & Tremblay IL, LLC 224-223-4503

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Data is refreshed every 3 hours. Listing last updated 3:08 AM UTC on 8/12/2026. 

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