4727 S Wabash Avenue Chicago, IL $ 400,000
4727 S Wabash Avenue
$ 400,000
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4727 S Wabash Avenue

Chicago, IL, 60615
$ 400,000
Bedrooms-- Baths-- Sq 6,135

Monthly Estimate*

$ 2,526

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Commercial Property for sale in Chicago, IL

for $400,000. This 6,135 square foot building was built in 1930 on a lot size of 0.189853.

Positioned in the heart of Chicago's historic Bronzeville/Grand Boulevard neighborhood, 4727 S. Wabash Avenue presents a rare opportunity to acquire a commercially zoned redevelopment property in one of the city's most dynamic investment corridors. Situated on approximately 8,270 square feet of land and improved with an approximately 6,135-square-foot masonry building, this vacant property offers the scale, flexibility, and location sought by investors, developers, owner-users, educational institutions, healthcare providers, nonprofits, and entrepreneurs looking to establish a presence in one of Chicago's fastest-growing neighborhoods. Whether your vision is adaptive reuse, commercial redevelopment, or establishing a flagship location, this property provides an exceptional foundation to bring that vision to life. The property is zoned C1-1 Neighborhood Commercial District, opening the door to a wide variety of commercial and mixed-use possibilities. Permitted uses include professional and medical offices, retail establishments, restaurants and cafes, educational and training facilities, childcare centers, fitness and wellness studios, religious institutions, personal service businesses, creative office space, and numerous neighborhood-serving commercial uses. The existing building features soaring ceiling heights, expansive open gathering areas, multiple classrooms and offices, durable masonry construction, and architectural character that would be difficult and costly to replicate today. The flexible layout allows a purchaser to preserve and modernize the existing improvements or reimagine the site to meet today's evolving commercial real estate market. Beyond the building itself, the location is what truly distinguishes this investment. Bronzeville continues to experience unprecedented public and private investment, transforming the neighborhood into one of Chicago's premier destinations for residential, commercial, healthcare, educational, and technology development. The property is located minutes from the transformative Bronzeville Lakefront redevelopment, the award-winning 43 Green Transit-Oriented Development, the historic Indiana Avenue and King Drive commercial corridors, and numerous Invest South/West initiatives that continue attracting new businesses, housing, restaurants, retail, and community investment throughout the area. As redevelopment accelerates across Bronzeville and the surrounding South Side, opportunities to acquire well-located commercial assets continue to become increasingly limited. Accessibility further enhances the property's long-term value. Located just blocks from the CTA Green Line 47th Street Station and within close proximity to the CTA Red Line, the property offers convenient access to Downtown Chicago, the Loop, Hyde Park, the Illinois Medical District, McCormick Place, and the lakefront. Major transportation corridors including Interstate 90/94 (Dan Ryan Expressway), Lake Shore Drive, State Street, King Drive, and 47th Street provide outstanding regional connectivity for employees, customers, and visitors while supporting future commercial growth. Investors will appreciate the property's location within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investments while benefiting from nearby Tax Increment Financing (TIF) districts, neighborhood revitalization initiatives, and additional economic development programs that continue fueling investment throughout Bronzeville. Combined with the neighborhood's strong demographic trends, expanding residential population, and continued commercial growth, these incentives position the property for both immediate redevelopment potential and long-term appreciation. Commercial redevelopment opportunities with this combination of size, flexibility, architectural character, commercial zoning, transit accessibility, and strategic location rarely become available in Bronzeville.

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Commercial Contingent

Price

$ 400,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.189853

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12702212

Features
General
Cooling Window Unit(s)
Zoning COMMR
Year Built 1930
Electric Service - 0 to 100 Amps Service - 101 to 200 Amps
Stories Count 1
Tax Year 2023
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Retail/Stores
Contingency Financing
Status Contingent
Directions I-90/94 to 47th St exit. East on 47th to Wabash Ave. South on Wabash to 4727 S Wabash (west side of street)
City Chicago
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 8270
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active Under Contract
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Exterior
Building Area Total 6135
Lot Dimensions 66 x 125
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* Excluded Features
List By
Mohall Commercial & Urban Development

Broker

moses@mohallcommercialud.com

Email

Affordability Calculator

$2,526
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,526
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/11/2026$400,000 Listed Price

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4727 S Wabash Avenue, Chicago, IL, 60615 is a Commercial Property for sale at $400,000 with 6,135 sqft and a lot size of 0.189853. 4727 S Wabash Avenue was built in 1930. The property's zip code is 60615 which is in Chicago, IL