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$425,000
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Property Description
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.
Full Property Details
Full Property Details for 1949 W 48th St
General
- Price: $425,000
- Taxes: (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12481371
- Updated: 10/2/2025
- Added to Site: 112 day(s) ago
Interior
- Interior Features: Common Meeting Room(s), Private Restroom(s), Public Restroom(s), Storage Inside, Laundry Room
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: Damen Avenue to 48th Street - parking onsite behind the subject property off the alley entrance
- Location Details: Chicago Southwest, Corner
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat, Gas, Hot Water, Radiators
Structural Information
- Construction: Concrete, Brick, Limestone, Other
- Exterior Const.: Concrete, Brick, Limestone, Other
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 8,805
- Year Built: 1940
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 14,632
- Lot Dimensions: 118 x 124
- Frontage: City Street
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1940
- Tax Year: 2023
Disclosures and Reports
- Property ID: 20072000310000
Listed by Century 21 Circle
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Schools
Schools serving 1949 W 48th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hedges Elementary School 4747 South Winchester Avenue, Chicago, IL 60609 | PK-8 | 0.1 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.7 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 1949 W 48th St
Date
Details
Price
Change
Source
9/26/2025
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1949 W 48th St
1949 W 48th Street, Chicago, IL 60609 (MLS# 12481371) is a Commercial property. 1949 W 48th Street is currently listed for $425,000 and was received on September 26, 2025. Want to learn more about 1949 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.

