226 East 48th Street

Chicago, IL 60615

$2,050,000
Price
16
Beds
14
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This amazing new construction project has just been finished and ready for savvy investors! The building features 6 spacious units: 4 simplex units with 2 bed/2 bath and 2 duplex down units with 4 bed/3 bath, family room. Each unit has large kitchens with quartz counters, stainless steel appliances, peninsula, in-unit washer dryer, private storage units, assigned parking. Each unit has high efficient furnaces and tankless water heaters.This amazing new construction project has just been finished and ready for savvy investors! The building features 6 spacious units: 4 simplex units with 2 bed/2 bath and 2 duplex down units with 4 bed/3 bath, family room. Each unit has large kitchens with quartz counters, stainless steel appliances, peninsula, in-unit washer dryer, private storage units, assigned parking. Each unit has high efficient furnaces and tankless water heaters.
  1. Listed by Marika Kakhiani • Pedestal Realty LLC

Property Details for 226 East 48th Street

Area
CHI - Grand Boulevard
LISTING UPDATED: 09/10/2024 12:07 AM

Property Details for 226 East 48th Street

StatusActive
MLS #12154781
Days on Market80
Taxes$2,371 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Condo/Townhouse
Year Built2023
Lot Size0.15 AC / 6,601 SF
CountyCook County

Building Information for 226 East 48th Street

Stories3Residences6Year Built2023Building Size-Lot Size0.15 AC / 6,601 SF

Property Information for 226 East 48th Street

General Information
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters, Service - 201 to 600 Amps
  • # Of Washers: 6
  • Basement Description: Finished
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 6
  • Misc Inside: Storage Inside
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 14.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 1-6 Years
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 41X161
  • Stories: 3
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Block, Steel Siding, Stone
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Hip
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10000
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 40
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $650.00
  • Fuel Expense: $.00
  • Gross Income: $199,200.00
  • Gross Scheduled Income: $199,200.00
  • Insurance Expense: $3,200.00
  • Maintenance Expense: $500.00
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 1200
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 16600
  • Water Expense Source: Owner Projection
  • Net Operating Income: $186,819.00
  • Operating Expense: $12,381.00
  • Other Expense: $1,000.00
  • Trash Expense: $960.00
  • Water Sewer Expense: $2,500.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 226 East 48th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 226 East 48th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mollison Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Williams Medical Prep High School
Public9 to 12

Bronzeville Scholastic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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226 East 48th Street is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on September 4, 2024 by Pedestal Realty LLC, it's currently listed at $2,050,000. This listing's school district is Chicago Public Schools. Nearby schools include Mollison Elementary School, Phillips Academy High School and Williams Medical Prep High School. 226 East 48th Street is a 16-bed, 14-bath, multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pedestal Realty LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/10/2024 12:07 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.