3421-3433 48Th Pl Chicago, IL 60632
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.