Bronzeville Multifamily Investment
211-213 E 48th St, Chicago, IL 60615
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Value-add multifamily property in Chicago's Grand Boulevard/Bronzeville area.
Type:Multifamily
Property size:
9,900 SFPrice / SF:
$10/SF- Added:
- May 22, 2026
- Days on Market:
- 8
- Last Refresh:
- May 27 at 8:13 am
Property Features for 211-213 E 48th St
General Information
- Standard status
- Active
- Size
- 9,900 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1898
Listing agent Tyler Hague, LEED AP License #471009171
Listing office Colliers - Chicago Downtown, Illinois (312) 612-5944
Listing date May 22, 2026
Source Crexi
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 Colliers - Chicago Downtown, Illinois
HighLights
- Value‑add multifamily investment opportunity in Chicago's Grand Boulevard/Bronzeville area.
- 8‑unit apartment building with approximately 9,900 rentable square feet and large average unit size (1,237 sq ft).
- Opportunity to increase value through renovation, operational improvements, and lease‑up of vacant units.
- Existing income stream with 63% occupancy allows for phased renovation plan.
- Located near major South Side institutions and demand drivers (Provident Hospital, University of Chicago Medical Center, Washington Park).
- Attractive entry point into a dense urban multifamily corridor with existing building infrastructure.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6205276
- Latitude
- 41.8073241
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FAQs
What type of property is this?
Apartment building - Value-add multifamily property in Chicago's Grand Boulevard/Bronzeville area.
Where is this apartment building located?
The property is located at 211-213 E 48th St Chicago, IL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Value‑add multifamily investment opportunity in Chicago's Grand Boulevard/Bronzeville area.; 8‑unit apartment building with approximately 9,900 rentable square feet and large average unit size (1,237 sq ft).; Opportunity to increase value through renovation, operational improvements, and lease‑up of vacant units.
