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Fully Renovated 2-Flat with Walkout Basement
For Sale
Under Contract
$499,900

1220 S 48th Court, Cicero, IL 60804

MULTI_FAMILY - Cicero, IL

Property SizeContact for details
Days on Market23

Property Features for 1220 S 48th Court

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 6, Basement, Game Room, Bedroom 4, Utility Room, Bedroom 5, Bathroom 1, Laundry Room, Bedroom 1
Parking 2
Parking features Open, Garage
Exterior features Balcony
Fencing Fenced
Basement Finished, Walk-Out Access, Full
Subdivision Grant Works
High school J Sterling Morton East High Scho
Elementary school district 99
Middle school district 99
High school district 201
Directions Cicero Ave. to 14th St. West to 48th Ct. North to property
Standard status Active Under Contract
APN 16212060310000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7602

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

recreation room
exercise room
laundry room
flood control system

Building Details

Year built 1908
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: REMAX Legends · RE/MAX International
Listed By: Melissa Luna · License #475156565
Added: Jul 22 Changed: Aug 4 Last Checked: Aug 13 at 11:06AM
MLS# 12713318

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

1220 S 48th Court presents a fully renovated 2-flat with top-quality finishes throughout. The property was completely gutted to the studs and rebuilt with an emphasis on craftsmanship and modern updates. Each unit features three bedrooms, a living room and dining room combo, a modern full bathroom, and a kitchen with quartz countertops and stainless-steel appliances, along with hardwood flooring throughout both units.

The full finished walkout basement includes a recreation room, an exercise room, new epoxy flooring, two exterior entrances (front and back), a laundry room, a utility room, and storage. Major components have been meticulously replaced, including drywall, vinyl siding, insulation, plumbing, electrical, HVAC (high-efficiency furnace and tankless water heater), light fixtures, doors, windows, sump pump, and a drain tile system. A flood control system is also included.

Additional exterior details include a 2-car garage with new siding and a new tear-off roof. Built in 1908, the home is connected to public water and public sewer, and features natural gas forced-air heating.

Key Highlights

  • Fully renovated 2‑flat gutted to the studs with new kitchens, quartz countertops, and stainless‑steel appliances
  • Two three‑bedroom units with hardwood flooring throughout
  • Finished walkout basement with recreation room, exercise room, new epoxy flooring, and two exterior entrances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Parking Lot & Garage Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

695
Businesses Nearby

Demographics for 60804, IL

85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully renovated duplex with two three-bedroom units, hardwood floors, and a finished walkout basement with multiple exterior entrances.
Where is this duplex located?
The property is located at 1220 S 48th Court Cicero, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Fully renovated 2‑flat gutted to the studs with new kitchens, quartz countertops, and stainless‑steel appliances; Two three‑bedroom units with hardwood flooring throughout; Finished walkout basement with recreation room, exercise room, new epoxy flooring, and two exterior entrances
More about this property
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