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$824,000
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Property 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 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.
Full Property Details
Full Property Details for 1908 W 48th St
General
- Price: $824,000
- Taxes: $3,182 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12533442
- Updated: 12/22/2025
- Added to Site: 31 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: Ashland to 48th Street, West to Property.
Heating & Cooling
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 466
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Composition
- Stories/Levels: 4
- Current Bldg. Use: Multi-Family
- Year Built: 1914
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
Lot Features
- Lot Size (Sq. Ft.): 3,050
- Lot Dimensions: THAN .25 ACRE
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $10,675
- Operating Expenses: $16,740
- Assessment Year: 1914
- Tax Amount: $3,182.08
- Tax Year: 2023
- Tenant Pays: Electricity, Heat, Hot Water
- Pays Electric: 600
- Pays Trash: 466
Disclosures and Reports
- Property ID: 20072010260000
Listed by Compass
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Schools
Schools serving 1908 W 48th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hedges Elementary School 4747 South Winchester Avenue, Chicago, IL 60609 | PK-8 | 0 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1908 W 48th St
Date
Details
Price
Change
Source
12/16/2025
Listed
$824,000
268.68%
MLS
7/15/2021
Sold
$223,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1908 W 48th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,182
3%
$15,000
—
2022
$3,103
3%
$15,000
—
2021
$3,016
213%
$15,000
249%
2020
$963
-69%
$4,295
-72%
2019
$3,136
2%
$15,508
—
2018
$3,083
-45%
$15,508
-40%
2017
$5,617
7%
$25,920
—
2016
$5,226
9%
$25,920
—
2015
$4,784
21%
$25,920
23%
2014
$3,939
2%
$21,064
—
2013
$3,862
1%
$21,064
—
2012
$3,811
—
$21,064
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1908 W 48th St
1908 W 48th Street, Chicago, IL 60609 (MLS# 12533442) is a Commercial property. 1908 W 48th Street is currently listed for $824,000 and was received on December 16, 2025. Want to learn more about 1908 W 48th Street? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

