4948 S Ashland Avenue Chicago, IL ^$ 170,000

4948 S Ashland Avenue

^$ 170,000

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4948 S Ashland Avenue

Chicago, IL, 60609

^$ 170,000

Studio Baths0.0

Monthly Estimate*

^$ 1,073

4948 S Ashland Avenue, Chicago, IL 60609 - Image 1

4948 S Ashland Avenue, Chicago, IL 60609 - Image 2

4948 S Ashland Avenue, Chicago, IL 60609 - Image 3

4948 S Ashland Avenue, Chicago, IL 60609 - Image 4

4948 S Ashland Avenue, Chicago, IL 60609 - Image 5

Studio

Lots and Land for sale in Chicago, IL

for $170,000.

Prime 50' x 110' (5,500 sq. ft.) corner lot featuring B3-2 Community Shopping District zoning along the high-traffic Ashland Avenue commercial corridor in Chicago's Back of the Yards footprint. This versatile zoning classification accommodates a broad array of development possibilities, including retail storefronts, service businesses, office spaces, financial institutions, or multi-unit mixed-use residential developments above ground-floor commercial space. Benefiting from high daily vehicle visibility, strong foot traffic, and effortless access to major thoroughfares and public transit, this high-exposure parcel offers an exceptional footprint for business owners, developers, or portfolio investors looking to capitalize on a prime south side location.

Lots and Land Active

Price

^$ 170,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 1,307

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12740534

Features

General

Sewer Storm Sewer

Utilities Electricity Nearby Natural Gas Nearby Water Nearby

Possession Closing

Zoning COMMR

Township Lake

Tax Year 2024

Ownership Fee Simple

Additional Parcels Description 20072230390000

County Cook

Property Type Land Land

Status New

Directions 47th St to Ashland Ave South to Property

City Chicago

High School District 299

MLS Area CHI - New City

Tax Annual Amount 1307.6

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Total Parking 0

Lot Dimensions 50 X 110

Road Surface Type Asphalt

Frontage Length 50

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Realty Of America, Llc

Broker

roachicagohomes@gmail.com

Affordability Calculator

$1,182

Per Month

Monthly Principal & Interest: $1,073
Monthly Property Taxes: $109
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$204,122

Percent of Sale Price 20%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/27/2026	$170,000		Listed Price

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4948 S Ashland Avenue, Chicago, IL, 60609 is a Lots and Land for sale at $170,000. 4948 S Ashland Avenue is a studio with 0.0 baths. The property's zip code is 60609 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 8/30/2026.

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4948 S Ashland Avenue

Lots and Land for sale in Chicago, IL

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