1949 W 48th Street Chicago, IL $ 425,000
1949 W 48th Street
$ 425,000
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1949 W 48th Street

Chicago, IL, 60609
$ 425,000
Bedrooms-- Baths-- Sq 8,805
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Property for Rent in Chicago, IL

for $425,000. This 8,805 square foot property was built in 1940 on a lot size of 0.3.

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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Rental Active

Price

$ 425,000

Taxes

$ 0

Style

Lot Size

0.3

Year Built

1940

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12481371

Features
General
Cooling None
Zoning OTHER
Construction Materials Concrete Brick Limestone Other
Year Built 1940
Electric Circuit Breakers Fuses
Stories Count 3
Township Lake
Tax Year 2023
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Status Active
Directions Damen Avenue to 48th Street - parking onsite behind the subject property off the alley entrance
City Chicago
MLS Area CHI - New City
Lot Size Square Feet 14632
Tax Annual Amount 0
Additional Parcels Y/N N
Lease Type N/A
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 8805
Lot Dimensions 118x124
Lot Size Acres 0.3
Frontage Type City Street
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* Excluded Features
List By
Century 21 Circle

Broker

c21kmiecik@aol.com; jkmiecik@c21circle.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/26/2025$425,000 Listed Price

Map


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1949 W 48th Street, Chicago, IL, 60609 is a Property for Rent at $425,000 with 8,805 sqft and a lot size of 0.3. 1949 W 48th Street was built in 1940. The property's zip code is 60609 which is in Chicago, IL