211 E 48th St
Chicago, IL 60615
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 11,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1898/2005 |
| Building Class | C | ||
| Zoning | RM-5 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1898/2005 |
| Zoning | RM-5 |
About 211 E 48TH ST , CHICAGO, IL 60615
Monarch Realty Partners is pleased to exclusively offer for purchase 211 E. 48th Street, an eight (8) unit center entrance apartment building located in Chicago's Historic Bronzeville neighborhood. This multifamily property consists of six (6) 4 BD/1.1BA units, one (1) 4BD/1BA unit, and one (1) 3BD/1BA unit. The building was gut renovated in 2005 with a new 400 amp electric service, 100% copper plumbing, individual energy efficient furnaces, and individual 40 gallon hot water tanks. All units are equipped with in unit laundry and are already on a master key system to provide easy access for a new owner/manager. Current residents of the property benefit from the 47th Street Metra Station just one block away that provides easy access throughout Chicago. 211 E. 48th Street provides an investor the opportunity to acquire a building that has been owner managed for the past fifteen (15) years. Given the strength of the rental market, a new owner would have the opportunity to increase the rent and immediately increase the net operating income.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 6 | - | 1,400 |
| 3+1 | 1 | - | 1,300 |
| 4+1 | 1 | - | 1,300 |
Property Taxes
| Parcel Number | 20-10-109-002-0000 | Improvements Assessment | $93,913 |
| Land Assessment | $18,288 | Total Assessment | $112,201 |
Property Taxes
