1908 W 48th St - Apartments FOR SALE


Chicago, IL 60609- West Englewood
$899,900 USD
224-801-2160
1908 W 48th St, Chicago, IL for Sale
$899,900 USD
Apartments - FOR SALE
1/36
null | 9.5% Cap Rate

1908 W 48th St
Chicago, IL 60609
West Englewood


HIGHLIGHTS

  • Turnkey multi-unit with separate utilities and reliable tenants.
  • New roof, back porch, and secure two-car garage.
  • Fully rented, income-generating property with private fenced yard.
  • Versatile layout with separate utilities for tenant convenience.
  • Forced air heating and gas for year-round comfort.
  • Prime Chicago location with steady rental demand.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$200 USD /SF

# OF UNITS

7

PRICE/UNIT

$128,557

CAP RATE

9.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1908 W 48th St, Chicago, IL 60609-4143

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RS-1=3

APN/PARCEL ID

20-07-201-026-0000

ASK ABOUT THIS PROPERTY

Jarret JarvisCompassMore Info
224-801-2160

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Jarret JarvisCompassMore Info
224-801-2160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.