Chicago, IL 60609 1908 W 48th Street

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Presented By: Compass
  • MLS# 12387998
  • 06/09/2025
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  • Beds • 9

Home Details

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.
Presented By: Compass

Interior Features for 1908 W 48th Street

Other Interior Features

BasementUnfinished
Total Fireplaces

General for 1908 W 48th Street

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
Current UseMulti-Family
DirectionsAshland to 48th Street, West to Property.
ElectricCircuit Breakers, Separate Meters, Service - 101 to 200 Amps
Electric Expense600
Fuel Expense
Gross Income111600
Insurance Expense10675
Lot Size Square Feet3050
MLS AreaCHI - New City
Maintenance Expense
ModificationTimestamp2025-07-07T15:26:01.625Z
Net Operating Income94860
Number Of Units Total7
Operating Expense16740
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusPrice Change
Stories4
Tax Annual Amount3182.08
Tax Year2023
Tenant PaysElectricity, Heat, Hot Water
TownshipLake
Trash Expense466
Water Sewer Expense0
Year Built1914
ZoningMULTI

Exterior for 1908 W 48th Street

Lot DimensionsTHAN .25 ACRE

Additional Details

Price History

Client Care

Price $865,000
MLS#12387998
List Date 06/09/2025
Property Type Multi-Family
Phone 847.485.2500
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