1908 W 48th St Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $4,552/month
About This Home
Welcome to 1908 West 48th Street, a prime investment opportunity nestled in the vibrant city of Chicago. This expansive property features fifteen bedrooms and seven bathrooms, offering a versatile layout that caters to a variety of living arrangements. Each unit within this property is equipped with separate furnaces, hot water tanks, and electric meters, ensuring convenience and efficiency for both tenants and owners. The property is heated with gas and features a forced air system, providing a cozy atmosphere during the colder months. A full basement offers additional storage space or potential for further development. Recent renovations include a new roof and back porch, enhancing the property's durability and aesthetic appeal. The two-car garage offers secure parking, while the fenced-in yard provides a private outdoor space for relaxation or entertainment. This property is fully rented to reliable tenants, making it a turnkey investment ready to generate income from day one. Whether you're looking to expand your investment portfolio or seeking a property with strong rental potential, 1908 West 48th Street is an opportunity not to be missed. Schedule your showing today and discover the potential of this cash-flowing asset.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,182
Year Built
- Built in 1914
Home Design
- Brick Exterior Construction
- Composition Roof
Utilities
- Central Heating
- Separate Meters
- 100 Amp Service
Additional Features
- 4-Story Property
- 3,050 Sq Ft Lot
- Unfinished Basement
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $600
- Insurance Expense $10,675
- Trash Expense $466
- Operating Expense $16,740
- Gross Income $112,800
- Net Operating Income $94,860
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,182 | $34,000 | $1,830 | $32,170 |
| 2024 | $3,182 | $34,000 | $1,830 | $32,170 |
| 2023 | $3,103 | $15,000 | $2,440 | $12,560 |
| 2022 | $3,103 | $15,000 | $2,440 | $12,560 |
| 2021 | $3,016 | $15,000 | $2,440 | $12,560 |
| 2020 | $963 | $4,295 | $3,050 | $1,245 |
| 2019 | $3,136 | $15,508 | $3,050 | $12,458 |
| 2018 | $3,083 | $15,508 | $3,050 | $12,458 |
| 2017 | $5,617 | $25,920 | $2,745 | $23,175 |
| 2016 | $5,226 | $25,920 | $2,745 | $23,175 |
| 2015 | $4,784 | $25,920 | $2,745 | $23,175 |
| 2014 | $3,939 | $21,064 | $2,592 | $18,472 |
| 2013 | $3,862 | $21,064 | $2,592 | $18,472 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/11/2026 03/11/26 | For Sale | $824,000 | +815.6% | -- | |
| 03/16/2020 03/16/20 | Sold | $90,000 | -25.0% | -- | View Prior Sale |
| 02/06/2020 02/06/20 | Pending | -- | -- | -- | |
| 01/25/2020 01/25/20 | For Sale | $120,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12590060
APN: 20072010260000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.