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Uptown SRO Building for Sale
For Sale
Contact for pricing
Pending

4940 N Winthrop Avenue, Chicago, IL 60640

100-unit SRO property in Chicago's Uptown neighborhood.

Property SizeContact for details
Days on Market136

Property Features for 4940 N Winthrop Avenue

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: SVN | Chicago Commercial
Listed By: Dawn Overstreet · License #IL 475156479
Source: Crexi
Added: Apr 10 Changed: Aug 14 Last Checked: Aug 23 at 6:56AM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This City licensed SRO (Single Room Occupancy) is an attractive brick building with 100 SRO units. The units include 36 private bath units and 64 semi-private baths (shared between two units). The property's capital improvements include: elevator, boiler, roof, hot water heater, and windows. This property is ideally located for residents in the Uptown neighborhood. It offers a convenient location that is within walking distance from grocery stores, restaurants, entertainment, parks, and the beach. Public transportation is easily accessible with the CTA Red Line only steps away.

Key Highlights

  • 100 SRO units in an attractive brick building.
  • Prime Uptown location, close to grocery stores, restaurants, entertainment, parks, and the beach.
  • Excellent public transportation access with the CTA Red Line steps away.

Property Analytics

Current Use

Glenn Apartments Apartment Building

Suggested Use

Top Pick Auto Parts Store Nursing Home Home Appliance Store (Bike/Boat/Book/etc) Store Building Supply Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

4,531
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value

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?
Apartment building - 100-unit SRO property in Chicago's Uptown neighborhood.
Where is this apartment building located?
The property is located at 4940 N Winthrop Avenue Chicago, IL.
What are key features of this property?
This property features: 100 SRO units in an attractive brick building.; Prime Uptown location, close to grocery stores, restaurants, entertainment, parks, and the beach.; Excellent public transportation access with the CTA Red Line steps away.
More about this property
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