Updated 5+ Days Ago
Highlights
- Professionally managed
- Modern finishes
- Professional team
- Generous living areas
Location
1945 W 48th St #1945-2, Chicago, IL 60609, USA|New City
Tour 1945 W 48th St #1945-2
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
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Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 1945 W 48th St #1945-2
Sweet deal!
This listing is 14% below the median price for 3 bedroom apartments in New City.
AVAILABLE NOW!! Welcome to this beautifully maintained and thoughtfully updated residence at 1945 W 48th Street – Unit 2, located in the heart of Chicago's vibrant Back of the Yards community. This spacious unit offers a well-designed layout featuring generous living areas filled with natural light, modern finishes, and a comfortable flow ideal for both everyday living and entertaining. The unit showcases updated flooring, a contemporary kitchen with ample cabinetry and counter space, and well-proportioned bedrooms that provide both comfort and functionality. Large windows enhance the bright and airy atmosphere throughout the home. Conveniently situated near public transportation, local parks, shopping, and dining, this property offers both accessibility and neighborhood charm. Professionally managed and move-in ready, this is an excellent opportunity to enjoy quality living in a prime Chicago location. Schedule your private tour today and make this charming apartment your next home! Utilities Tenant responsible for electricity and gas. Rental Terms •Application Fee: $65 per applicant (non-refundable) •Move-in Fee: Half of the first month's rent due within 48 hours of approval (non-refundable) Approval Requirements Applications will not be processed without required documentation. •Minimum 575 Equifax credit score •No evictions, bankruptcies, judgments, felony convictions, or collections •Verified one-year lease history •Employment verification (6+ months on the job; employer contact required) •Net monthly income 3x rent after taxes •Minimum one-year lease •All applicants 18+ must apply •3-bedroom voucher holders welcome Pet Policy No pets allowed At PIP Realty Group, we're committed to providing our residents with a clean, safe, and comfortable place to call home. Our professional team is here to guide you every step of the way, ensuring a seamless leasing experience and attentive support whenever you need it. • Schedule your viewing today at piprent. com
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1945 W 48th St, Chicago, IL 60609, USA compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- High school nearby
- There is a high school 0.2 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
Address details
| Neighborhood | New City |
|---|---|
| Zip code | 60609 |
| Type | Apartment for rent |
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Rent trends in New City
3-bedroom apartments at 1945 W 48th St #1945-2 cost about 14% less than the average rent price for 3-bedroom apartments in Chicago.
Median rents as of Jul 11 2026.
New City
Chicago
| Month | Median Rent |
|---|---|
| July 2024 | $3,250 |
| August 2024 | $3,019 |
| September 2024 | $3,002 |
| October 2024 | $2,997 |
| November 2024 | $2,921 |
| December 2024 | $2,891 |
| January 2025 | $2,880 |
| February 2025 | $2,917 |
| March 2025 | $2,888 |
| April 2025 | $2,911 |
| May 2025 | $2,944 |
| June 2025 | $2,961 |
| July 2025 | $2,986 |
| August 2025 | $2,854 |
| September 2025 | $2,699 |
| October 2025 | $2,650 |
| November 2025 | $2,839 |
| December 2025 | $2,640 |
| January 2026 | $2,649 |
| February 2026 | $2,751 |
| March 2026 | $2,932 |
| April 2026 | $2,985 |
| May 2026 | $3,000 |
| June 2026 | $3,024 |
| July 2026 | $2,997 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,550 |
| August 2024 | $1,580 |
| September 2024 | $1,593 |
| October 2024 | $1,612 |
| November 2024 | $1,690 |
| December 2024 | $1,799 |
| January 2025 | $1,718 |
| February 2025 | $1,625 |
| March 2025 | $1,690 |
| April 2025 | $1,750 |
| May 2025 | $1,740 |
| June 2025 | $1,700 |
| July 2025 | $1,660 |
| August 2025 | $1,600 |
| September 2025 | $1,628 |
| October 2025 | $1,628 |
| November 2025 | $1,695 |
| December 2025 | $1,712 |
| January 2026 | $1,735 |
| February 2026 | $1,602 |
| March 2026 | $1,460 |
| April 2026 | $1,474 |
| May 2026 | $1,497 |
| June 2026 | $1,667 |
| July 2026 | $1,700 |
Affordability calculator
Can I afford to live at 1945 W 48th St #1945-2?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$58,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $58,400 annually to afford this 3-bedrooms monthly rent price of $1,460.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 2 years ago | $1,450 | 3 bed | 1 bath | ||
| 4 years ago | $1,350 | 3 bed | 1 bath | ||
| 4 years ago | $1,350 | 3 bed | 1 bath | ||
| 5 years ago | $1,325 | 3 bed | 1 bath |
Schools near 1945 W 48th St #1945-2
Hedges Elementary School
4747 s winchester ave
chicago, IL, 60609
PK, K-8Public
C-
Christopher Elementary School
5042 s artesian ave
chicago, IL, 60632
K-8Public
C
Chicago Commons Paulo Freire Center
1653 west 43rd st
chicago, IL, 60609
PKPublic
Talman Elementary School
5450 s talman ave
chicago, IL, 60632
PK, K-8Public
B-
Thomas Early Childhood Center
3625 s hoyne ave
chicago, IL, 60609
PKPublic
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Internet available near 1945 W 48th St #1945-2
Neighborhood
New City | Chicago, IL
Getting around Chicago near 1945 W 48th St #1945-2
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 1945 W 48th St #1945-2, Chicago
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Other units at this address
1945 W 48th St, Chicago, IL
1945 W 48th St Chicago, IL
Occupied
2
3 Beds
1 Bath
$1,350
Hardwood Floor
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