1908 W 48th Street
Chicago, IL 60609

More
Photos »

Tools & Resources:

Description

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.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60609
• Year Built: 1914
• Stories: 4
• Units: 7 units
• Basement: Unfinished
• Zoning: MULTI
• # Of Ranges: 7
• # Of Refrigs: 7
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: Ashland to 48th Street, West to Property.
• Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
• Electric Expense: 600
• Electric Expense Source: Broker Projection
• Gross Income: 112800
• Gross Rent Multiplier: 8
• Gross Scheduled Income: 112800
• Heat/Ventilation: Central Heat/Indiv Controls
• Indoor Parking: 1-5 Spaces
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 10675
• Insurance Expense Source: Broker Projection
• Janitor Expense: 522
• Lot Size Square Feet: 3050
• Main Type: Commercial Sale
• Operating Expense: 16740
• Other Expense Source: Broker Projection
• Repairs-Decor Expense Source: Broker Projection
• Roof: Composition
• Tax Annual Amount: 3182.08
• Tax Year: 2023
• Tenant Pays: Electricity, Heat, Hot Water
• Total Monthly Income: 9400
• Township: Lake
• Trash Expense: 466
• Trash Expense Source: Broker Projection
• Water Expense Source: Broker Projection