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4703 N Winchester Ave 4701-4703 N Winchester Ave 8 Unit Apartment Building $1,550,000 ($193,750/Unit) 6.12% Cap Rate Chicago, IL 60640
Investment Highlights
- Access & Connectivity
- Nearby Employment Hubs
- Parking & Amenities
- Area Amenities & Demand Drivers
- Value-Add Potential
- Strong Rental Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 4703 N Winchester Ave in Chicago, IL (the “Property”). The multi-story building contains eight (8) 1-Bedroom/1-Bathroom units with 3,200 square feet of gross living area and 4,000 square feet of gross area. The Property is situated upon a 0.08-acre parcel and offers on-street parking. 4703 N Winchester Ave is well-positioned along North Winchester Avenue on Chicago’s North Side, offering strong visibility and convenient access to surrounding neighborhoods, including North Center, Ravenswood, and Lincoln Square. The property sits within a highly walkable, tree-lined residential corridor with easy access to transit, retail, dining, parks, and community amenities, enhancing livability and tenant appeal.
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $193,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.12% | Building Size | 3,676 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R3, Chicago | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,676 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | R3, Chicago |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 14-18-201-019-0000 | Improvements Assessment | $51,956 |
| Land Assessment | $41,244 | Total Assessment | $93,200 |
Property Taxes
Parcel Number
14-18-201-019-0000
Land Assessment
$41,244
Improvements Assessment
$51,956
Total Assessment
$93,200
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4703 N Winchester Ave | 4701-4703 N Winchester Ave
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