442-444 E 48th Street Chicago, IL $ 4,000,000
442-444 E 48th Street
$ 4,000,000
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442-444 E 48th Street

Chicago, IL, 60615
$ 4,000,000
Bedrooms12 Baths0.0

Monthly Estimate*

$ 24,955

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Multi-Family Home for sale in Chicago, IL

for $4,000,000 with 12 bedrooms. This home was built in 1902.

Discover a rare investment opportunity where timeless architecture meets modern luxury. Nestled in the heart of Bronzeville, just minutes from Hyde Park, the University of Chicago, Washington Park, and the lakefront, this fully renovated 9-unit brick building exudes character and craftsmanship at every turn. Over 16k finished sq ft ! Each residence has been reimagined with all-new mechanicals, electrical, plumbing, and HVAC systems, blending contemporary convenience with the preserved charm of the original structure. Thoughtfully designed layouts include (3) 4 BD/3BA, (3) 3BD/2.5BA, and (3) garden units: all featuring custom kitchens, spa-inspired baths, and in-unit laundry. Projected rents between $3,250-$4,250 per month deliver a pro forma gross income of approximately $33,500/month, making this both a turnkey acquisition and a long-term growth asset. With one PIN, low taxes (~$12,000), and proximity to Chicago's premier cultural and commercial hubs, this property represents the perfect balance of historic elegance, modern performance, and exceptional investment potential.

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Multi-Family Active

Price

$ 4,000,000

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 12,000

Style

Year Built

1902

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12499290

Features
General
Year Built 1902
Stories Count 3
Tax Year 2023
Gross Income 35000
County Cook
Net Operating Income 288540
Operating Expense 123660
Insurance Expense 999
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 999
Status Active
Directions 47th st E to Vincennes-S on Vincennes to 48th- W on 48th to property 442-444 48th
City Chicago
Number Of Units Total 9
MLS Area CHI - Hyde Park
Tax Annual Amount 12000
Electric Expense 999
Fuel Expense 9999
Trash Expense 999
Water Sewer Expense 999
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 163X65
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* Excluded Features
List By
Remax Legends

Broker

jaymi@soldbylegends.com

Email

Affordability Calculator

$25,955
Per Month
96%
4%
0%
Monthly Principal & Interest
$24,955
Monthly Property Taxes
$1,000
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2025$4,000,000 Listed Price

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442-444 E 48th Street, Chicago, IL, 60615 is a Multi-Family Home for sale at $4,000,000. 442-444 E 48th Street has 12 bedrooms, 0.0 baths, and was built in 1902. The property's zip code is 60615 which is in Chicago, IL