4748 S Ashland AVE, Chicago, IL 60609
4748 S Ashland AVE, Chicago, IL 60609
4748 S Ashland AVE, Chicago, IL 60609
4748 S Ashland AVE, Chicago, IL 60609
4748 S Ashland AVE, Chicago, IL 60609
4748 S Ashland AVE, Chicago, IL 60609
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Legacy Properties

Legacy Properties

+1(224) 999-9100
$ 685,000
Est. payment | /mo

10,984 SqFt

Save
$ 685,000
Est. payment | /mo
Save

10,984 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,984 sqft

Price per Sqft $62

MLS Listing ID 12546622

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

Dwelling Type Mixed Use

Structure Type Brick,Concrete,Stone,Stucco

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lukasz Kristen of  Great Lakes Realty Central Inc 

Nearby Locations

Legacy Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9100

managingbroker@legacypropertiesil.com

2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Legacy Properties, A Sarah Leonard Company, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4748 S Ashland AVE