GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 665,500
$ 685,000 2.8%
Est. payment /mo
Sold on 07/15/2026
4748 S Ashland AVE Chicago, IL 60609
10,984 SqFt
UPDATED:
Key Details
Sold Price $665,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,984 sqft
Price per Sqft $60
MLS Listing ID 12546622
Sold Date 07/15/26
Year Built 1912
Annual Tax Amount $27,692
Tax Year 2024
Lot Dimensions 111'X123.60'
Property Sub-Type Mixed Use
Property Description
Introducing a prime income producing investment opportunity plus tremendous development potential in the Back of the Yards neighborhood at 4748 South Ashland Avenue - spread over 5 CITY LOTS - 124 FT of frontage on Ashland Ave & on the corner of 48th Street. This 10,984 SF, 2-story building offers a spacious & versatile layout on the 1st floor with a long-term daycare tenant + a 5,450 SF vacant, ready to build out second floor ideal for offices, medical, apartments, gym or other uses, + three vacant lots for new construction retail, parking or both. This property presents a compelling opportunity for investors seeking a strategic addition to their portfolio with huge upside development potential. With its prime location & ample space, this property is prepped to meet the demands of modern businesses. Take advantage of this rare chance to secure a valuable asset in a thriving commercial real estate market. The building was gut rehabbed from a shell & in superb condition, with all modern mechanicals. Excellent visibility & accessibility with a high walk score of 85/100. City Reinvestment Opportunity, "INVEST South/West" corridor. Potential for customization & value add potential to suit specific business needs. Ample off street parking potential for employees & visitors. Proximity to critical amenities & transportation options. -Strong potential for rental income growth &/or an owner operator. Unlimited potential offers huge development opportunity, leading to value appreciation in an upcoming neighborhood. Sellers are retiring & are pricing this to sell & way below their cost.
Location
State IL
County Cook
Area Chi - New City
Zoning RTAIL
Interior
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Roof Type Membrane
Building
Structure Type Brick,Concrete,Stone,Stucco
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lukasz Kristen of Great Lakes Realty Central Inc
Bought with Non Member of NON MEMBER
Bought with Non Member of NON MEMBER