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    1908 W 48Th St Chicago, IL 60609

    For Sale
    $824,000

    Commercial Sale - Chicago, IL

    Days on Market:
    35
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 1908 W 48Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    20072010260000

    Building Details

    Year built
    1914
    Number of units
    7
    Roof type
    Composition
    Architectural style
    Other

    Compass Real Estate

    Listing agent Elias Masud (773) 466-7150 License #475163294

    Listing date Nov 7, 2025

    MLS# 12387998 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Multifamily Investment Opportunity

    Located in Chicago, this property at 1908 West 48th Street presents an investment opportunity. The property features fifteen bedrooms and seven bathrooms, offering a versatile layout suitable for various living arrangements. Each unit is equipped with separate furnaces, hot water tanks, and electric meters, providing convenience and efficiency. The property is heated with gas and features a forced air system. 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. A two-car garage offers secure parking, while the fenced-in yard provides a private outdoor space. The property is fully rented to reliable tenants, making it a turnkey investment ready to generate income. This property is suitable for expanding an investment portfolio or seeking a property with strong rental potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6726664
    Latitude
    41.8069745

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    FAQs

    What type of property is this?
    Apartment building - Fifteen-bedroom, seven-bathroom property with separate utilities and recent renovations.
    Where is this apartment building located?
    The property is located at 1908 W 48Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $824,000.
    What are key features of this property?
    This property features: - Turnkey investment property **fully rented with reliable tenants, generating immediate income.**; - **Fifteen bedrooms and seven bathrooms offer a versatile layout** for various living arrangements.; - Each unit has separate furnaces, hot water tanks, and electric meters for tenant convenience and efficient management.
    (773) 466-7150
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    Chicago, IL 60609
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1908 W 48Th St Chicago, IL 60609
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