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Two-Bedroom Short-Term Rental Property
New
For Sale
$475,000

2042 N Winchester Avenue Unit 2E, Chicago, IL 60614

The HOA permits short-term and nightly vacation rentals in this two-level residence with private outdoor space.

Property SizeContact for details
Days on Market5

Property Features for 2042 N Winchester Avenue Unit 2E

General Information

Standard status Active
Property subtype Condo,Condo-Duplex,Condo-Loft

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $6,440

Amenities

exposed brick
hardwood floors
skylights
granite countertops
stainless steel appliances
breakfast island
spiral staircase
in-unit laundry
large private deck
central air
additional storage
Listing Agency: Redfin Corporation
Listed By: Daniel Close
Source: Dawnmckennagroup
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 10 at 2:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corporation

Investment Insights

Based on property information with market context.

At 2042 N Winchester Avenue, Unit 2E, this two-level residence has two bedrooms and two full bathrooms. The main living area connects with an updated kitchen featuring white cabinetry, granite counters, stainless steel appliances, and a breakfast island. Exposed brick and hardwood flooring complement the interior, while oversized windows and skylights bring in natural light. A spiral staircase leads to the upper primary suite, which has vaulted ceilings and skylights. The home also includes in-unit laundry, central air, additional storage, deeded exterior parking, and a private deck.

The HOA allows short-term and nightly vacation rentals. The property is in Chicago, with local retail, restaurants, and the 606 trail identified as nearby amenities.

Key Highlights

  • HOA allows short‑term and nightly vacation rentals
  • Two bedrooms and two full bathrooms
  • Two‑level layout with an upper primary suite, vaulted ceilings, and skylights

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Fish Market Nursing Home Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

3,213
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - The HOA permits short-term and nightly vacation rentals in this two-level residence with private outdoor space.
Where is this short term rental property located?
The property is located at 2042 N Winchester Avenue Unit 2E Chicago, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: HOA allows short‑term and nightly vacation rentals; Two bedrooms and two full bathrooms; Two‑level layout with an upper primary suite, vaulted ceilings, and skylights
More about this property
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