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1908 W 48th St
Chicago, IL 60609
Multifamily Property For Sale
·
7 Units
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $169,305 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 11.47% | Building Size | 8,009 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1914 |
| Apartment Style | Mid-Rise | ||
| Zoning | RS-1=3 - Residential | ||
| Price Per Unit | $169,305 CAD |
| Sale Type | Investment |
| Cap Rate | 11.47% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,009 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1914 |
| Zoning | RS-1=3 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Deck
- Freezer
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 20-07-201-026-0000 | Improvements Assessment | $45,343 CAD |
| Land Assessment | $2,579 CAD | Total Assessment | $47,923 CAD |
PROPERTY TAXES
Parcel Number
20-07-201-026-0000
Land Assessment
$2,579 CAD
Improvements Assessment
$45,343 CAD
Total Assessment
$47,923 CAD
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