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10-Unit Three-Building Apartment Property

1943-45 West 48th Avenue, Chicago, IL 60609

For Sale
Contact for pricing

Renovated residences feature updated kitchens and baths, copper plumbing, and upgraded electrical and mechanical systems.

Property SizeContact for details
Days on Market15

Property Features for 1943-45 West 48th Avenue

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood Back of the Yards

Additional Details

Multifamily Units 10
Tenant in Place Yes

Building Details

Buildings 3
Listing Agency: Baird & Warner
Listed By: Mitir Patel · License IL #475157343
Source: Crexi
Added: Oct 27 Changed: Nov 8 Last Checked: Nov 10 at 5:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment property comprises three separate buildings on one lot. Residential interiors have been renovated with updated kitchens and bathrooms, modern finishes, and functional layouts. Improvements include copper plumbing, updated electrical systems, modern mechanical systems, and exterior work. The property is located at 1943-45 West 48th Avenue in Chicago, Illinois.

Key Highlights

  • 10 residential units across three separate buildings
  • Copper plumbing, updated electrical, and modern mechanical systems
  • Renovated apartments with updated kitchens, baths, and modern finishes

Property Analytics

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

948
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value

Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated residences feature updated kitchens and baths, copper plumbing, and upgraded electrical and mechanical systems.
Where is this apartment building located?
The property is located at 1943-45 West 48th Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 10 residential units across three separate buildings; Copper plumbing, updated electrical, and modern mechanical systems; Renovated apartments with updated kitchens, baths, and modern finishes
(773) 209-4785 Call to check price and availability
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