442-444 East 48th, Chicago IL 60615
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. 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) 3BD/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.
Features & Information
Key Details
- List Price $4,000,000
- Property Taxes $12,000
- Price/ Sq. Ft. Unavailable
- Year Built 1902
- Status New
Building Information
- Age of Building New Rehab
- Heating & Cooling Central Heat/Indiv Controls, Forced Air, Gas
Location
- County Cook
- Directions to Property 47th St E To Vincennes-s On Vincennes To 48th- W On 48th To Property 442-444 48th
-
Property Taxes
- Tax 12000
- Parcel Identification Number 20102000210000
Listed by: REMAX Legends | Phone: 630.216.8000
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 11/1/2025 11:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Mortgage Calculator
- List Price${ formatCurrency(listPrice) }
- Taxes${ formatCurrency(propertyTaxes) }
- Assessments${ formatCurrency(assessments) }
- List Price
- Taxes
- Assessments
Estimated Monthly Payment
${ formatCurrency(monthlyTotal) } / month
- Principal & Interest${ formatCurrency(monthlyPrincipal) }
- Taxes${ formatCurrency(monthlyTaxes) }
- Assessments${ formatCurrency(monthlyAssessments) }
All calculations are estimates for informational purposes only. Actual amounts may vary.
