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About the Listing 87527 - 1018166,896543,896543
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!
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Gas,Wall Unit
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 84x44
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $18,724
- Taxes w/Assessments: N/A
- Tax/Property ID: 14182010190000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
4703 N Winchester Ave Chicago, IL 60640
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