211-213 E 48th St, Chicago, IL 60615

Located in Chicago’s Grand Boulevard / Bronzeville area on the South Side, 211-213 E 48th Street is an 8-unit apartment building totaling approximately 9,900 rentable square feet. The average unit size is approximately 1,237 square feet. Constructed in 1898, the property is currently 63% occupied. This asset offers investors a combination of in-place income and near-term upside through renovation, operational improvement, and lease-up of vacant units. The current partial occupancy provides an opportunity for investors to preserve existing income while implementing a phased business plan focused on renovating vacant units, improving operations, and capturing additional rental upside. The asset’s vintage construction, unit count, and partial occupancy profile create a flexible value-add opportunity for investors seeking to stabilize and improve a smaller-scale multifamily property. The property is located in the Grand Boulevard community area, which is closely associated with Bronzeville and is situated near Kenwood, Washington Park, Douglas, and Hyde Park. The location provides access to major South Side institutions and demand drivers, including Provident Hospital, the University of Chicago Medical Center, and Washington Park. Nearby amenities include Provident Hospital approximately 0.6 miles away, Washington Park approximately 1.2 miles away, and the University of Chicago Medical Center approximately 2.0 miles away. Grand Boulevard includes portions of Bronzeville, a historically significant South Side neighborhood.