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Listed by Jaymi Blockof REMAX Legends
$ 4,000,000
Est. payment /mo
Active
442-444 E 48th Street Chicago, IL 60615
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12499290
Year Built 1902
Annual Tax Amount $12,000
Tax Year 2023
Lot Dimensions 163X65
Property Sub-Type Multi Family 5+
Property Description
Discover a rare investment opportunity where timeless architecture meets modern luxury. Nestled in the heart of Bronzeville, just minutes from Hyde Park, the University of Chicago, Washington Park, and the lakefront, this fully renovated 9-unit brick building exudes character and craftsmanship at every turn. Over 16k finished sq ft ! Each residence has been reimagined with all-new mechanicals, electrical, plumbing, and HVAC systems, blending contemporary convenience with the preserved charm of the original structure. Thoughtfully designed layouts include (3) 4 BD/3BA, (3) 3BD/2.5BA, and (3) garden units: all featuring custom kitchens, spa-inspired baths, and in-unit laundry. Projected rents between $3,250-$4,250 per month deliver a pro forma gross income of approximately $33,500/month, making this both a turnkey acquisition and a long-term growth asset. With one PIN, low taxes (~$12,000), and proximity to Chicago's premier cultural and commercial hubs, this property represents the perfect balance of historic elegance, modern performance, and exceptional investment potential.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
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