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$4,000,000

442-444 E 48th Street
Chicago, Illinois 60615

Active / MLS #12499290 / Multiple Family / Hyde Park
Listing information updated 11/17/2025 at 9:23pm
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.
Water Front:
No
Square Feet:
N/A
Built:
1902
Stories:
3
Current Net Income:
$288,540
Unit 1:
11 room(s) / 3 bed(s) / 2 bath(s)
Unit 2:
11 room(s) / 4 bed(s) / 3 bath(s)
Unit 3:
8 room(s) / 3 bed(s) / 3 bath(s)
Unit 4:
6 room(s) / 2 bed(s) / 2 bath(s)
Tax Amount:
$12,000
Tax Year:
2023
Zip Code:
60615
City:
Chicago
County:
Cook

Listing Office: REMAX Legends

Listing Office Phone: 630.216.8000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/17/2025 at 9:23pm. 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. Some listings have been excluded from this website.

Hyde Park

Hyde Park, IL

Between enriching art exhibits and museums, a world-renowned university, and well-kept community green spaces, Hyde Park has a lot to offer. The lakefront neighborhood is home to the University of Chicago, which has one undergraduate college and five graduate research divisions. The university is th...

CTA

CTA
Green line at 47th
CTA
Red line at 47th
$398,214
Average Sale Price
69
Average Days On The Market
95%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 442-444 E 48th Street, Chicago, IL 60615
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442-444 E 48th Street, Chicago, IL 60615 is a multiple family currently listed at $4,000,000. This multiple family has been listed on @properties Christie's International Real Estate since October 30th, 2025 and was built in 1902. The nearest transit stops include 47th CTA Green line.

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