4703 N Winchester Avenue Chicago IL 60640 MLS #MRD12559101

4703 N Winchester Ave presents an exceptional opportunity to acquire an 8-unit multifamily asset in Chicago’s highly desirable Ravenswood neighborhood. The classic brick building consists entirely of one-bedroom, one-bathroom units totaling approximately 3,500 square feet, offering strong tenant demand in a transit-oriented, walkable North Side location. The property benefits from stable in-place income with clear upside through continued unit and common area upgrades, allowing investors to capture rent growth in a supply-constrained submarket known for its neighborhood character, access to CTA transit, proximity to Lincoln Square, and strong surrounding retail and employment hubs. Additional income from on-site laundry, separately metered electric, and consistent rental demand make this a compelling opportunity for investors seeking both immediate cash flow and long-term appreciation in one of Chicago’s most resilient rental markets.