Listing provided courtesy of Avenue 1 Realty GroupMREDas Distributed by MLSGrid- MLS# 12666511MLS Provider

1448 S Rockwell AvenueChicago, IL 60608

Commercial · 6 Beds · 7,200 Sq. ft.
$1,175,000 Active

1448 S Rockwell Avenue Overview

Time on Site:
26 days
Visits:
0

Located directly across from Cinespace Chicago Film Studios in the rapidly developing Douglas Park neighborhood, this legal 7-unit property presents a rare investment opportunity with strong income potential and owner-occupant flexibility. The property consists of a spacious single-family home plus a well-maintained 6-unit apartment building, blending classic Chicago character with modern updates throughout. The single-family residence features 4 bedrooms and 2 full bathrooms, hardwood flooring throughout, a combined kitchen and dining area, central HVAC, and basement washer/dryer hookups. A gated rear parking pad provides secure off-street parking and can also function as a private patio space, adding extra value for tenants or an owner-occupant. The neighboring 6-unit building is comprised entirely of updated 2-bedroom, 1-bathroom apartments. Each unit has been renovated within the past few years with newer flooring, updated kitchen cabinetry, appliances, lighting fixtures, and ceiling fans. Additional income is generated through the on-site coin laundry located in the basement. Tenants are responsible for all utilities except water, helping to minimize operating expenses. Ideally situated within walking distance to Mount Sinai Hospital, Douglass Park, public transportation, and the CTA Pink Line station, this property offers convenience, accessibility, and long-term upside in one of Chicago's evolving investment corridors.

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1448 S Rockwell Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 7,200
  • Price/Sq.ft. $163

Details

General

Income/Expenses

  • Other Expense: 4500
  • Electric Expense: 464
  • Fuel Expense: 0
  • Gross Income: 9406
  • Gross Scheduled Income: 112872
  • Insurance Expense: 4680
  • Maintenance Expense: 3766
  • Net Operating Income: 64302
  • Operating Expense: 30522
  • Trash Expense: 0
  • Water Sewer Expense: 4755

Building Information

  • Year Built: 1930

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - North Lawndale
  • Township: South Chicago

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $9,074.30
  • Tax Year: 2024

General Information

  • Parcel Number: 16242170160000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 7200

General Information

  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 28x133
  • Lot Size Square Feet: 3693

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 7

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 4
  • Baths Total: 2
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1448 S Rockwell Avenue Neighborhood

Community

60608 (Chicago) Demographics

33
Median Age
12,268
Population Density (per sq. mile)
35%
College Educated
$57,183
Estimated Median Income
10,169
Estimated Total Home Owners
16,042
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1448 S Rockwell Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1448 S Rockwell Avenue Market Data

Based on the last 30 days in this zip code

$465,593
Average List Price
$352
Average Price per Square Foot
26
Properties Sold
74
Average Days on Market
85
Properties for Sale
Calculations provided by Reliance Network

1448 S Rockwell Avenue History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Added to Database
June 03, 2026