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Four-Unit Apartment Building with Garage
For Sale
$1,499,500

4948 N Winchester Avenue, Chicago, IL 60640

Gas stoves, dishwashers, shared laundry, a fenced backyard, and garage parking support the apartment configuration.

Property SizeContact for details
Days on Market205

Property Features for 4948 N Winchester Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 4

Additional Details

Public Transit Yes

Amenities

shared laundry
fenced backyard
Natural Gas
Forced Air
Sep Heating Systems - 2+
Asphalt

Building Details

Year Built 1898
Buildings 1
Listing Agency: Westward360 RM
Listed By: Stephen Fisher
Source: Kw
Added: Feb 8 Changed: Aug 31 Last Checked: Sep 1 at 12:26AM

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 Westward360 RM

Investment Insights

Based on property information with market context.

Built in 1898, this four-unit apartment property includes a varied residential layout across multiple levels. The top floor contains a one-bedroom, one-bath apartment; the raised first and second floors each offer two-bedroom, one-bath units; and the garden level provides another one-bedroom, one-bath residence. Gas stoves and dishwashers are installed throughout, with shared laundry available on site.

The property also includes a three-car brick garage, a fenced backyard, natural gas, forced-air heating, and 2+ separate heating systems. Located at 4948 N Winchester Avenue in Chicago’s Ravenswood area, the building is near grocery stores, train stops, gyms, and restaurants. All four units are currently occupied.

Key Highlights

  • Four‑unit apartment property with one‑bedroom and two‑bedroom layouts
  • Unit mix includes three one‑bedroom/one‑bath apartments and two‑bedroom/one‑bath units
  • Three‑car brick garage and fenced backyard

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Catering Service Building Supply Locksmith Adult Day Care

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,012
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?
Quadplex - Gas stoves, dishwashers, shared laundry, a fenced backyard, and garage parking support the apartment configuration.
Where is this quadplex located?
The property is located at 4948 N Winchester Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,499,500.
What are key features of this property?
This property features: Four‑unit apartment property with one‑bedroom and two‑bedroom layouts; Unit mix includes three one‑bedroom/one‑bath apartments and two‑bedroom/one‑bath units; Three‑car brick garage and fenced backyard
More about this property
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