1908 W 48th Street Chicago, IL $ 824,000
1908 W 48th Street
$ 824,000
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1908 W 48th Street

Chicago, IL, 60609
$ 824,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 5,141

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Multi-Family Home for sale in Chicago, IL

for $824,000 with 9 bedrooms. This home was built in 1914 on a lot size of 0.070018.

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.

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Multi-Family Active

Price

$ 824,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 3,182

Style

Multi-Family

Lot Size

0.070018

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12387998

Features
General
Possession Closing
Roof Composition
Zoning MULTI
Construction Materials Brick
Year Built 1914
Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps
Tenant Pays Electricity Heat Hot Water
Stories Count 4
Township Lake
Tax Year 2023
Current Use Multi-Family
Gross Income 112800
County Cook
Net Operating Income 94860
Operating Expense 16740
Insurance Expense 10675
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions Ashland to 48th Street West to Property.
City Chicago
Number Of Units Total 7
MLS Area CHI - New City
Lot Size Square Feet 3050
Tax Annual Amount 3182.08
Electric Expense 600
Fuel Expense 0
Trash Expense 466
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Unfinished
Total Fireplaces 0
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Exterior
Lot Dimensions THAN .25 ACRE
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* Excluded Features
List By
Compass

Broker

eli@secondcityagents.com

Email

Affordability Calculator

$5,406
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,141
Monthly Property Taxes
$265
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
11/7/2025$824,000 -2.94% Price Down
8/13/2025$849,000 -1.85% Price Down
7/7/2025$865,000 -1.14% Price Down
6/9/2025$875,000 Listed Price

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1908 W 48th Street, Chicago, IL, 60609 is a Multi-Family Home for sale at $824,000 with a lot size of 0.070018. 1908 W 48th Street has 9 bedrooms, 0.0 baths, and was built in 1914. The property's zip code is 60609 which is in Chicago, IL