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$260,000

  • For Sale
  • Active
  • Commercial
See This Home
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See This Home
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Don't miss this opportunity to own a versatile two-story property just one block from bustling 47th Street. The first floor offers over 2,000 sq. ft. of commercial space, currently zoned B3-1, perfect for retail, office, or a variety of business uses. Upstairs, you'll find a large 3-bedroom apartment with generous living space, plus an additional attic area for storage or potential expansion. Ideal for investors, business owners, or those seeking live/work opportunities. Conveniently located near shopping, dining, public transportation, and major thoroughfares. Selling in as-is condition.

Full Property Details for 1718 W 48th St

General

  • Price: $260,000
  • Taxes: $2,954 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12481421
  • Updated: 11/22/2025
  • Added to Site: 107 day(s) ago

Location

  • Area: CHI - New City
  • County: Cook
  • Driving Directions: Take S Ashland Ave to 48th St, west to property.
  • Location Details: Chicago South

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Structural Information

  • Stories/Levels: 1
  • # of Stores: 1
  • Year Built: 1914
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 3,125
  • Lot Dimensions: 124.9 x 25
  • Frontage: City Street

Financial Considerations

  • Assessment Year: 1914
  • Tax Amount: $2,954
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 20072050360000

Listed by Naim Luxe Realty Llc

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— 1718 W 48th St —

  • Naim Luxe Realty Llc

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1718 W 48th St

School District:Chicago Public School District 299
NameGradesDistance
Chavez Elementary Multicultural Academy Center
4747 South Marshfield Avenue, Chicago, IL 60609
PK-80.1 mi
Richards Career Academy High School
5009 South Laflin Street, Chicago, IL 60609
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1718 W 48th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/16/2025
Price Increased
$260,000
8.33%
MLS
11/15/2025
Price Reduced
$240,000
-11.11%
MLS
10/01/2025
Listed
$270,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1718 W 48th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,954
3%
$14,000
—
2022
$2,880
2%
$14,000
—
2021
$2,815
12%
$14,000
24%
2020
$2,524
-6%
$11,328
-15%
2019
$2,678
2%
$13,327
—
2018
$2,633
-36%
$13,327
-30%
2017
$4,112
7%
$19,104
—
2016
$3,826
9%
$19,104
—
2015
$3,501
6%
$19,104
8%
2014
$3,297
2%
$17,768
—
2013
$3,232
1%
$17,768
—
2012
$3,188
—
$17,768
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1718 W 48th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Naim Luxe Realty Llc

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1718 W 48th Street, Chicago, IL 60609 (MLS# 12481421) is a Commercial property. 1718 W 48th Street is currently listed for $260,000 and was received on October 01, 2025. Want to learn more about 1718 W 48th Street? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

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