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7-Unit Apartment Building
For Sale
$2,800,000

2540 W Winnemac Avenue, Chicago, IL 60625

Renovated residences pair in-unit laundry and central air with sunrooms and hardwood floors.

Property SizeContact for details
Days on Market9

Property Features for 2540 W Winnemac Avenue

General Information

Standard status Active
Total Parking Spaces 8
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Ravenswood
Public Transit Yes

Units

Unit Mix 6 x simplex 2BR/2BA, 1 x duplex down 3BR/3BA
Multifamily Units 7

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $18,958

Amenities

sun room
gourmet chef's kitchen
central air
in unit washer/dryer
recessed lighting
hardwood floors

Building Details

Year Built 1924
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: John Vodopic · License #475143516
Source: Dawnmckennagroup
Added: Oct 29 Changed: Nov 5 Last Checked: Nov 4 at 8:53PM

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 Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

This 7-unit apartment property comprises six two-bedroom, two-bath simplex units and one three-bedroom, three-bath duplex-down. A complete gut rehabilitation introduced contemporary finishes. Each residence includes a living room, sunroom, kitchen with 42-inch custom cabinetry, primary suite with dual-vanity bath, central air, in-unit washer and dryer, recessed lighting, and hardwood floors. The property also has eight parking spaces.

The building is in Chicago’s Lincoln Square neighborhood, near Lincoln Avenue, with access to bus service and the Brown Line. Long-term tenants occupy the units.

Key Highlights

  • Seven apartments: six two‑bedroom, two‑bath simplex units and one three‑bedroom, three‑bath duplex‑down
  • Complete gut rehabilitation with contemporary finishes
  • Each unit has a sunroom, central air, in‑unit washer and dryer, and hardwood floors

Property Analytics

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Lease Details

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,264
Businesses Nearby

Demographics for 60625, IL

76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated residences pair in-unit laundry and central air with sunrooms and hardwood floors.
Where is this apartment building located?
The property is located at 2540 W Winnemac Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Seven apartments: six two‑bedroom, two‑bath simplex units and one three‑bedroom, three‑bath duplex‑down; Complete gut rehabilitation with contemporary finishes; Each unit has a sunroom, central air, in‑unit washer and dryer, and hardwood floors
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