4832 N Winthrop Ave Immeuble residentiel 6 lots 1 129 434 € (188 239 €/Lot) Taux de capitalisation 5,18 % Chicago, IL 60640

4832 N Winthrop Ave presents a rare opportunity to acquire a fully gut-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 plenty of room to grow. In addition, the partially finished basement offers the potential to add a 7th unit as an 2-bedroom accessory dwelling unit
(ADU).
Currently, in-place rents are below market averages, providing immediate upside for the next owner. With the grand reopening of the Lawrence Red Line station after a four-year, multibillion-dollar reconstruction, the tenant demand is expected to rise significantly. The new accessibility to public transportation creates strong rent growth potential in the coming years. This enhanced transit access, combined with the property’s proximity to Uptown’s entertainment district and lakefront amenities, positions it perfectly for longterm appreciation.
The building sits next to a brand-new public park and just steps from the iconic 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, access to Lake Shore Drive, and growing retail and dining scene make this a prime investment opportunity.