Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3421-3433 48Th Pl Chicago, IL 60632

    Sponsored
    For Sale
    Contact for pricing

    Industrial warehouse, Chicago, IL. Excellent location.

    Property size:
    53,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 3421-3433 W. 48th Place in Chicago, Illinois, offers 53,000 square feet of warehouse space. The two-story building, constructed in 1940 of masonry, features a combination of warehouse and office space. The warehouse boasts two dock-high doors, providing efficient loading and unloading capabilities. Ceiling heights reach 12 feet, offering ample vertical space for storage and operations. The property includes a convenient drive-in door, enhancing accessibility. Three-phase electrical service is available, supporting a range of industrial applications. An air-conditioned office space provides comfortable administrative areas, complemented by an on-site parking lot with fifteen spaces. This strategically located property benefits from easy access to major thoroughfares, including S. Kedzie Avenue and S. Archer Road, ensuring seamless connectivity to Midway Airport, downtown Chicago, and the surrounding southwest suburbs. The proximity to Interstate 55 (approximately one mile north) provides direct access to the entire interstate system. Midway Airport is conveniently located just three miles away. The property also offers the unique advantage of potential separate sales for 3421 W 48th Street and 3431-3433 W 48th Street. The building also has 400 Amps/220V electrical service. The Kedzie Subway Station is less than half a mile away.

    Property Features for 3421-3433 48Th Pl

    General Information

    Property type
    Distribution properties
    Square Feet
    53,000 SF

    Building Details

    Year Built
    1940
    Stories
    2

    HighLights

    • 53,000 SF warehouse with two dock‑high doors, 12' ceilings, and 400 Amp/220V power.
    • Potential for separate sales of 3421 W 48th St. and 3431‑3433 W 48th St.
    • Air‑conditioned office space and 15‑space parking lot.
    • Excellent access to I‑55 and Midway International Airport.
    • Less than 0.5 miles from Kedzie Subway Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7097167
    Latitude
    41.8051849

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000
      0.46 Acres

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces in Bronzeville.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000
      0.46 Acres

      Bronzeville Collection Prairie Ave Lofts

      31-unit renovated multifamily property in Chicago's Bronzeville neighborhood.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • New
      $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,699,000
      Pending

      Six-Unit Multifamily Building in Chicago

      Well-maintained, fully rented six-unit building with architectural details.
      1509 W Thomas St, Chicago, IL 60642
      View Details
    • $1,399,000
      0.19 Acres

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in vibrant West Town.
      526 N Western Ave, Chicago, IL 60612
      View Details
    • New
      $1,049,000

      Four-Unit Multifamily Investment Opportunity

      Four units in Chicago's east Washington Park neighborhood.
      5644 S Prairie Ave, Chicago, IL 60637
      View Details
    • New
      $1,049,500

      Washington Park Four-Unit Multifamily Property

      Four-unit multifamily property in east Washington Park, Chicago.
      5331 S Calumet Ave, Chicago, IL 60615
      View Details
    • $4,000,000

      Renovated 9-Unit Building in Chicago

      Fully renovated 9-unit building near Hyde Park and lakefront.
      442-444 E 48Th St, Chicago, IL 60615
      View Details
    • New
      $449,000

      Three-Unit Brick Building in Chicago

      Legal three-unit building with refurbishment potential in a vibrant neighborhood.
      321 N Avers Ave, Chicago, IL 60624
      View Details
    • $1,365,000
      0.17 Acres

      South Shore Multifamily Investment Opportunity

      Value-add 12-unit property near Lake Michigan and public transportation.
      7839 S Kingston Ave, Chicago, IL 60649
      View Details

    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, Chicago, IL. Excellent location.
    Where is this distribution property located?
    The property is located at 3421-3433 48Th Pl Chicago, IL.
    What are key features of this property?
    This property features: 53,000 SF warehouse with two dock-high doors, 12' ceilings, and 400 Amp/220V power.; Potential for separate sales of 3421 W 48th St. and 3431-3433 W 48th St.; Air-conditioned office space and 15-space parking lot.
    Request Owner's contact information
    3421-3433 48Th Pl Chicago, IL 60632
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3421-3433 48Th Pl
    Chicago, IL 60632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3421-3433 48Th Pl Chicago, IL 60632
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.