Listing provided courtesy of Century 21 CircleMREDas Distributed by MLSGrid- MLS# 12481371MLS Provider

1949 W 48th StreetChicago, IL 60609

Commercial · 8,805 Sq. ft. | 0.30 Acres
$425,000 Active

1949 W 48th Street Overview

Time on Site:
276 days
Visits:
4

An historic parcel of the Back of the Yards built in the early 1940's. Once used as St. Michael's Convent, more recently operated as a friary for an order of brothers. The first floor consists of nine rooms, three small offices, 3 large meeting/gatherings spaces, 2 separate but adjacent kitchens, one storage room one shared bath with three private stalls, and one other private bath and separate half-bath. The building's second floor has a total of nine rooms - six bedrooms or private sleeping areas, one large office/meeting area, a large living room/gathering space, a former designated chapel two private shared bathrooms, one with two tubs, and the other with a shower and five stalls. The third floor of this commodity property has sixteen individual sleeping rooms - all dormitory style. There are two separate bathrooms consisting of two bathtubs, two showers, and four individual stalls. The full walk-up attic is floored and unfinished - possibly available for future improvement. The full basement is unfinished and houses the mechanicals, storage, and a laundry area. The exterior of the building is truly impressive - constructed largely of face and common brick, and grey limestone. There are a number of arched doors and windows with some leaded-glass windows. The west side of the building, facing Damen Avenue has an expansive and open two-story porch/patio area for outdoor entertainment. The building is set on a corner lot measuring approximately 118'x124', or 14,632 square feet - about a third of an acre. A survey from August, 2023 shows the actual building set across the rear of five city lots - nos. 46, 47, 48, 49, and 50. There is a gravel parking area to the south of the building which is accessed through the alley. The entire parcel is fenced. The building itself has about 8,805 sq ft of usable and potential space. The building calls for development, creativity, repurposing, and deserves to be once again, an integral part of this vibrant community.

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1949 W 48th Street Facts & Features

  • Type Commercial
  • Sq. ft. 8,805
  • Price/Sq.ft. $48
  • Lot 0.30 Acres

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1940

Business Information

  • Current Use: Conditional Use

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - New City
  • Township: Lake

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2023

General Information

  • Parcel Number: 20072000310000
  • Property Type: Commercial Sale
  • Zoning: OTHER

Interior

Building Interior

  • Building Area Total: 8805

General Information

  • Cooling: None
  • Electric: Circuit Breakers, Fuses
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Unit Information

  • Unit SqFt.: 8805

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 0.3
  • Lot Size Dimensions: 118x124
  • Lot Size Square Feet: 14632

Building Exterior/Construction

  • Construction Materials: Concrete, Brick, Limestone, Other

1949 W 48th Street Neighborhood

Community

60609 (Chicago) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
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.

1949 W 48th Street 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.

1949 W 48th Street Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

1949 W 48th Street History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/22/2026Source: MRED Status Change
Re-activated
5/18/2026Source: MRED Status Change
Contingent
10/1/2025Source: MRED Status Change
Active
9/26/2025Source: MRED Added to Database
September 26, 2025