1908 W 48th St

Chicago, IL 60609

$865,000
Price
15
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 1908 West 48th Street, a prime investment opportunity nestled in the vibrant city of Chicago. This expansive property features fifteen bedrooms and seven bathrooms, offering a versatile layout that caters to a variety of living arrangements. Each unit within this property is equipped with separate furnaces, hot water tanks, and electric meters, ensuring convenience and efficiency for both tenants and owners. The property is heated with gas and features a forced air system, providing a...Welcome to 1908 West 48th Street, a prime investment opportunity nestled in the vibrant city of Chicago. This expansive property features fifteen bedrooms and seven bathrooms, offering a versatile layout that caters to a variety of living arrangements. Each unit within this property is equipped with separate furnaces, hot water tanks, and electric meters, ensuring convenience and efficiency for both tenants and owners. The property is heated with gas and features a forced air system, providing a cozy atmosphere during the colder months. A full basement offers additional storage space or potential for further development. Recent renovations include a new roof and back porch, enhancing the property's durability and aesthetic appeal. The two-car garage offers secure parking, while the fenced-in yard provides a private outdoor space for relaxation or entertainment. This property is fully rented to reliable tenants, making it a turnkey investment ready to generate income from day one. Whether you're looking to expand your investment portfolio or seeking a property with strong rental potential, 1908 West 48th Street is an opportunity not to be missed. Schedule your showing today and discover the potential of this cash-flowing asset.

Listing Agents

  1. Eli Masud

    Eli Masud

    Listing Agent

    Compass

    eli.masud@compass.com

    P: (630)-697-4540

  2. Jarret Jarvis

    Jarret Jarvis

    Alternative Listing Agent

    Compass

    jarret.jarvis@compass.com

    P: (224)-801-2160

Property Details for 1908 West 48th Street

Area
CHI - New City
Township
Lake
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 07/13/2025 12:06 AM

Property Details for 1908 West 48th Street

StatusActive
MLS #12387998
Days on Market42
Taxes$3,182 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1914
Lot Size0.07 AC / 3,050 SF
CountyCook County
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Virtual Tour

Building Information for 1908 West 48th Street

Stories4Residences7Year Built1914Building Size-Lot Size0.07 AC / 3,050 SF

Payment Calculator

$4,797 per month

30 year fixed, 6.845% Interest

Principal and Interest

$4,532

Property Taxes

$265

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1908 West 48th Street

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Refrigerators: 7
  • Num of Baths: 7.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: THAN .25 ACRE
  • Lot Size Square Feet: 3050.0
  • Stories: 4
  • Construction: Brick
  • Roof Type: Composition
  • # Of Ranges: 7
  • Conversion: N
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2025-06-09T15:06:33
  • Photos Count: 36
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $.00
  • Gross Income: $111,600.00
  • Gross Scheduled Income: $111,600.00
  • Insurance Expense: $10,675.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 522
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 9300
  • Water Expense Source: Broker Projection
  • Net Operating Income: $94,860.00
  • Operating Expense: $16,740.00
  • Other Expense: $1,296.00
  • Trash Expense: $466.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1908 West 48th Street

DateEvent & SourcePriceAppreciation
Jul 7, 2025

Price Change

MRED #12387998

$865,000
Jun 9, 2025

Cancelled

MRED #12272647

$875,000
Jun 9, 2025

Listed (Active)

MRED #12387998

$875,000
Jun 1, 2025

Listed (Active)

MRED #12272647

$899,900
May 9, 2025

Price Change

MRED #12272647

$875,000
May 5, 2025

Contingent

MRED #12272647

Feb 13, 2025

Listed (Active)

MRED #12272647

$899,900
Feb 12, 2025

Listed (Active)

MRED #12272647

$899,900
Nov 19, 2023

Cancelled

MRED #11889430

$819,700
Sep 19, 2023

Listed (Active)

MRED #11889430

$819,700
Sep 8, 2023

Cancelled

MRED #11838819

$799,700
Jul 21, 2023

Listed (Active)

MRED #11838819

$799,700
Jun 30, 2023

Expired

MRED #11668830

$794,700
Nov 7, 2022

Listed (Active)

MRED #11668830

$799,700
Jul 15, 2021

Sold (Public Record)

Public Record #1468038857

$223,500

+97.0% / yr

Jun 7, 2021

Cancelled

MRED #11059319

$259,900
Apr 19, 2021

Listed (Active)

MRED #11059319

$259,900
Feb 23, 2021

Cancelled

MRED #10949305

$154,900
Dec 8, 2020

Listed (Active)

MRED #10949305

$169,000
Mar 16, 2020

Sold

MRED #10619342

$90,000
Mar 12, 2020

Sold (Public Record)

Public Record #665584765

$90,000
Feb 6, 2020

Pending

MRED #10619342

Jan 25, 2020

Listed (Active)

MRED #10619342

$120,000
DateEvent & SourcePrice
07/07/2025

Price Change

MRED #12387998

$865,000
06/09/2025

Cancelled

MRED #12272647

$875,000
06/09/2025

Listed (Active)

MRED #12387998

$875,000
06/01/2025

Listed (Active)

MRED #12272647

$899,900
05/09/2025

Price Change

MRED #12272647

$875,000
05/05/2025

Contingent

MRED #12272647

02/13/2025

Listed (Active)

MRED #12272647

$899,900
02/12/2025

Listed (Active)

MRED #12272647

$899,900
11/19/2023

Cancelled

MRED #11889430

$819,700
09/19/2023

Listed (Active)

MRED #11889430

$819,700
09/08/2023

Cancelled

MRED #11838819

$799,700
07/21/2023

Listed (Active)

MRED #11838819

$799,700
06/30/2023

Expired

MRED #11668830

$794,700
11/07/2022

Listed (Active)

MRED #11668830

$799,700
07/15/2021

Sold (Public Record)

Public Record #1468038857

$223,500

+97.0% / yr

06/07/2021

Cancelled

MRED #11059319

$259,900
04/19/2021

Listed (Active)

MRED #11059319

$259,900
02/23/2021

Cancelled

MRED #10949305

$154,900
12/08/2020

Listed (Active)

MRED #10949305

$169,000
03/16/2020

Sold

MRED #10619342

$90,000
03/12/2020

Sold (Public Record)

Public Record #665584765

$90,000
02/06/2020

Pending

MRED #10619342

01/25/2020

Listed (Active)

MRED #10619342

$120,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1908 West 48th Street

Taxable ValueLand$2,440Additions$12,560Total$15,000
Tax Record2023$3,182 ($265 / month)
Home Facts
Baths6Total Finished SqFt4,869 SqFtAbove Grade Finished SqFt4,869 SqFtStories3Lot Size3,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1914CountyCOOKAPN20-07-201-026

Schools near 1908 West 48th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Hedges Elementary School
PublicPK to 8

Richards Career Academy High School
Public9 to 12

BACK OF THE YARDS IB HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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1908 West 48th Street is a multi-family home for sale in Chicago, IL 60609. This property was listed for sale on June 9, 2025 by Compass, it's currently listed at $865,000. It has been on the market for a total of 42 days and was last sold on July 15, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Hedges Elementary School, Richards Career Academy High School and BACK OF THE YARDS IB HS. 1908 West 48th Street is a 15-bed, 7-bath, multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/13/2025 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.