The StopulosTeam
Description
Welcome to 1908 West 48th Street, a prime investment opportunity nestled in the vibrant city of Chicago. This expansive property features fifteen bedrooms and seven bathrooms, offering a versatile layout that caters to a variety of living arrangements. Each unit within this property is equipped with separate furnaces, hot water tanks, and electric meters, ensuring convenience and efficiency for both tenants and owners. The property is heated with gas and features a forced air system, providing a cozy atmosphere during the colder months. A full basement offers additional storage space or potential for further development. Recent renovations include a new roof and back porch, enhancing the property's durability and aesthetic appeal. The two-car garage offers secure parking, while the fenced-in yard provides a private outdoor space for relaxation or entertainment. This property is fully rented to reliable tenants, making it a turnkey investment ready to generate income from day one. Whether you're looking to expand your investment portfolio or seeking a property with strong rental potential, 1908 West 48th Street is an opportunity not to be missed. Schedule your showing today and discover the potential of this cash-flowing asset.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Compass
773-466-7150
MRED MLS
MLS ID: 12590060
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1908 W 48th Street, Chicago, IL 60609.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $824,000 | $824,000 | $824,000 |
| Down Payment | $164,800 | $28,840 | $206,000 |
| Monthly Mortgage Amount | $3,847 | $4,722 | $5,009 |
| Taxes | $1147 | $1147 | $1147 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $362 | $0 |
| Monthly Estimated Total | $5,234 | $6,471 | $6,396 |
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