$865,000
$10K PRICE DROP

Estimated payment $5,043/month

Total Views 9,862
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Elias Masud

Compass License #475163294 Listed on: 06/09/2025

Compass

Co-Listing Agent

Jarret Jarvis

Compass License #475190112

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

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $10,675
  • Other Expense $1,296
  • Trash Expense $466
  • Operating Expense $16,740
  • Gross Income $111,600
  • Net Operating Income $94,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,182

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 4
  • Year Built: 1914
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Refrigerators: 7
  • Ranges: 7
  • Room: 7
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 865000
  • Roof: Composition

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 466
  • Janitor Expense: 522

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: THAN .25 ACRE
  • Lot Size Sq Ft: 3050
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 94860
  • Insurance Expense: 10675
  • ElectricExpense: 600
  • GrossIncome: 111600
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 16740
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3182.08
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $865,000 -1.1% --
06/09/2025 06/09/25 For Sale $875,000 +872.2% --
03/16/2020 03/16/20 Sold $90,000 -25.0% --
02/06/2020 02/06/20 Pending -- -- --
01/25/2020 01/25/20 For Sale $120,000 -- --
Source: Midwest Real Estate Data (MRED)

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    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12387998

Midwest Real Estate Data (MRED)

APN: 20072010260000