What Are Comps and How Why They Relevant?

In real estate, “comps” (short for comparables) are recently sold or currently listed properties that are similar to the home you’re considering, in this case, 2238 W. Winona St. Comps help buyers and sellers understand a property’s fair market value by comparing it to other homes with similar size, layout, condition, upgrades, and location in the same neighborhood.

When choosing comps, it’s important to look for properties that closely match in:

  • Location

  • Square footage and number of units

  • Age and condition of the building

  • Recent renovations or upgrades

  • Layout and amenities (like garages or flex spaces)

  • Lease status and rental income potential

You can trust these comps because each property listed here was carefully selected for its similarity to 2238 W. Winona St. We’ve included only nearby 2 unit buildings in Lincoln Square or adjacent neighborhoods, with details on price, size, finish level, and occupancy. We also note unique features or differences that might affect value, so you can make an informed, apples-to-apples comparison. All sale prices and listing details are recent and reflect current market conditions.

If you have questions about any property listed here or want to see how 2238 W. Winona compares in person just reach out. We’re happy to share more data or schedule a private tour.

  • 2242 W Winona St.

    Next door neighbor

    Sold May 2024 – $950,000

    Renovated in 2012 (granite, wood cabinetry, hardwood floors, carpeting)

    2-flat

    3BR duplex-down (vacant at sale) + 2BR top unit (tenant renting below market

    Central air, 5-year-old garage

  • 4612 N Claremont Ave.

    Active – $995,000

    2-flat plus garden unit

    All units currently tenant-occupied below market rate with lease end dates of 10/31/25, 1/31/26, and 4/30/26

    5 bedrooms, 3 baths

    Central air, older garage, smaller lot

    Partial renovations around 2017 with basic finishes.

  • 3 flats 3 flats for sale in Lincoln Square

    2235 W Leland Ave.

    Closed October 31, 2024 – $1,050,000

    Kitchens and baths renovated approximately 15 years ago with midrange finishes

    2-flat

    2,572 sq ft, $408 per sq ft

    4 bedrooms, 2 baths

Ready to See Why 2238 W Winona St. Stands Apart?

After reviewing these comparable Lincoln Square multi-unit properties, it’s clear that 2238 W Winona delivers exceptional value, quality, and long-term potential. This is a 2-flat plus garden unit. Thoughtful upgrades - quartz countertops, designer fixtures, smart lighting, new mini-splits and updated mechanicals - set a higher bar than most recent 2-flat listings. The brand-new two-car garage adds daily convenience, while flexible RS-3 zoning with ADU eligibility gives you room to grow or generate even more income.

Located just a short stroll from well-regarded neighborhood schools, day-care options, playgrounds, and Winnemac Park, the building sits on a quiet, tree-lined block that makes everyday errands and weekend fun easy. Whether you’re looking for a comfortable residence with supplemental rental income or a long-term investment in one of Chicago’s most sought-after community areas, this move-in-ready property meets the moment - and then some.

List Price: $995,000

Explore floor plans, 3-D tour, and full photo gallery or reach out to schedule a private tour.