442-444 E 48th ST, Chicago, IL 60615
442-444 E 48th ST, Chicago, IL 60615
442-444 E 48th ST, Chicago, IL 60615
442-444 E 48th ST, Chicago, IL 60615
442-444 E 48th ST, Chicago, IL 60615
442-444 E 48th ST, Chicago, IL 60615
Ali Arciniega
Ali Arciniega

Broker | License ID: 475163462

+1(773) 683-1249

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$ 4,200,000

$ 4,000,000 5.0%

Est. payment | /mo

$ 4,200,000

$ 4,000,000 5.0%

Est. payment | /mo

Key Details

Sold Price $4,200,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12499290

Sold Date 05/22/26

Maintenance Fees $999

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

Area Chi - Hyde Park

Interior

Fireplace N

Midwest Real Estate Data (MRED) IDX
Listed by Jaymi Block of  REMAX Legends 
Bought with Jaymi Block of REMAX Legends

Nearby Locations

Ali Arciniega

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 683-1249

aarciniega@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

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442-444 E 48th ST