4832 N Winthrop Avenue
Chicago, IL, 60640
$1,290,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,290,000
4832 N Winthrop Avenue
Chicago, IL, 60640
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Rare opportunity to acquire a renovated multifamily building in the heart of Uptown, one of Chicago’s most vibrant and transit-oriented neighborhoods. Renovated in the past 10 years, the property features six modern residential units with individual HVAC and efficient layouts. This investment offers stable income with significant immediate upside for the next owner. The partially finished basement also provides the potential for a 7th unit as a 2-bedroom accessory dwelling unit (ADU). In-place rents are below market averages, promising substantial upside. With the grand reopening of the Lawrence Red Line station after a four-year, multibillion-dollar reconstruction, tenant demand is expected to rise significantly. The improved accessibility to public transportation, combined with the property’s proximity to Uptown’s entertainment district and lakefront amenities, positions it perfectly for strong rent growth potential and long-term appreciation. The building is ideally situated next to a brand-new public park and steps from iconic venues like the Aragon Ballroom, Riviera Theatre, and Green Mill Lounge. The popularity of these venues drives consistent demand for off-street parking, creating an additional income opportunity via platforms like SpotHero. The neighborhood’s walkability, easy access to Lake Shore Drive, and thriving retail and dining scene make this a prime investment opportunity.

Property Details

Price:
$1,290,000
MLS #:
MRD12430995
Status:
Active
Beds:
0
Baths:
0
Address:
4832 N Winthrop Avenue
Type:
Commercial
Neighborhood:
CHI – Uptown
City:
Chicago
Listed Date:
Jul 31, 2025
State:
IL
ZIP:
60640
Year Built:
1901

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Maintenance Fee
$1,500
Net Operating Income
$32,038
Tax Year
2023
Taxes
$17,090
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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4832 N Winthrop Avenue
Chicago, IL