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$550,000 Contingent
Property Description
Exceptional investment opportunity in Cicero! Whether you're looking to expand your portfolio or house hack your way into real estate investing, this impressive brick two-unit building offers the flexibility, space, and income potential to fit a variety of buyers' needs. Current tenants are willing to vacate at closing, providing the opportunity to immediately occupy a unit, make any personal updates, or lease at market rents to maximize cash flow. The first-floor unit features 4 generously sized bedrooms, a spacious living room, a formal dining room, 2 full baths, and a dedicated laundry area. The second-floor unit offers 4 large bedrooms, including a private primary suite, along with a bright living room, formal dining room, full bath, and in-unit laundry. High ceilings, large room sizes, and abundant natural light create an inviting atmosphere throughout the building. The finished walkout basement expands the possibilities even further with open space and a full bath, offering excellent flexibility for extended family living, recreation space, storage, or additional income-producing potential where permitted. Extensively updated, the property showcases modern kitchens with quartz countertops, stainless steel appliances, double ovens, oversized islands, and contemporary fixtures. Additional improvements include updated bathrooms, newer windows and doors, upgraded insulation, plumbing, electrical service, and high-efficiency HVAC systems. Outside, you'll find a 2.5-car garage and an additional parking pad, providing ample off-street parking. Separate gas and electrical utilities make management convenient for investors and owner-occupants alike. Conveniently located near shopping, dining, schools, public transportation, and major expressways, this turn-key multi-unit building presents a rare opportunity to generate strong rental income, build equity through owner occupancy, or add a high-performing asset to your investment portfolio. Please note: The property is currently occupied. Listing photos have been AI-enhanced and virtually decluttered to better showcase the space and potential layout.
Full Property Details
Full Property Details for 1928 S 48th Ct
General
- Price: $550,000
- Taxes: $11,557 (2024)
- Status: Contingent
- Type: Multi-Family
- Source: MRED
- MLS ID: 12694694
- Updated: 7/6/2026
- Added to Site: 8 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 11
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: Cicero
- County: Cook
- Township: Cicero
- Driving Directions: Cicero Ave turn left on 21st Place and turn right on 48th Ct
School Information
- School District: 99
- Elem School District: 99
- Midd School District: 99
- High School District: 201
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1914
- Built Before 1978: Yes
- Remodeled/Updated: 2023
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 37 x 80
Financial Considerations
- Assessment Year: 1914
- Tax Amount: $11,557.9
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16214220350000
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Schools
Schools serving 1928 S 48th Ct
School Districts:Cicero School District 99, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Cicero West Elementary School 4937 West 23rd Street, Cicero, IL 60804 | PK-3 | 0.4 mi |
Cicero East Elementary School 3003 50th Court, Cicero, IL 60804 | 4-6 | 1.1 mi |
Unity Jr High School, Cicero, IL 2115 South 54th Avenue, Cicero, IL 60804 | 7-8 | 0.6 mi |
J Sterling Morton Freshman Center 1801 South 55th Avenue, Cicero, IL 60804 | 9- | 0.8 mi |
J Sterling Morton East High School 2423 South Austin Boulevard, Cicero, IL 60804 | 10-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1928 S 48th Ct
Date
Details
Price
Change
Source
7/02/2026
Listed
$550,000
10%
MLS
3/04/2024
Sold
$500,000
—
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 1928 S 48th Ct
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,818
38%
$33,000
62%
2022
$7,126
1%
$20,420
—
2021
$7,090
1%
$20,420
—
2020
$7,008
36%
$20,420
39%
2019
$5,143
3%
$14,656
—
2018
$5,007
3%
$14,656
—
2017
$4,853
-2%
$14,656
15%
2016
$4,940
2%
$12,791
—
2015
$4,822
-17%
$12,791
-16%
2014
$5,790
7%
$15,238
-3%
2013
$5,410
4%
$15,721
—
2012
$5,209
—
$15,721
—
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 1928 S 48th Ct
1928 S 48th Court, Cicero, IL 60804 (MLS# 12694694) is a Multi-Family property with 2 units containing 11 bedrooms and 0 full bathrooms. 1928 S 48th Court is currently listed for $550,000 and was received on July 02, 2026. Want to learn more about 1928 S 48th Court? Do you have questions about finding other Multi-Family real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.
