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$2,350,000
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Property Description
Exceptional commercial opportunity in the heart of Chicago's Jefferson Park/Mayfair corridor. Situated on highly visible Central Avenue, this versatile mixed-use/retail property offers strong street presence, excellent traffic exposure, and easy access to major transportation routes. The property features approximately 5,000 square feet of flexible commercial space ideal for retail, office, medical, showroom, or owner-user occupancy. Surrounded by established neighborhood businesses, dense residential housing, and steady consumer traffic, this location provides outstanding potential for investors or entrepreneurs seeking long-term growth in one of Chicago's most active northwest side corridors. Conveniently located near I-90/94, CTA transit, and Metra access, the property combines accessibility with strong local demographics. Perfect for an owner-occupant, redevelopment opportunity, or income-producing investment in a rapidly evolving commercial district.
Full Property Details
Full Property Details for 4800 N Central Ave
General
- Price: $2,350,000
- Taxes: $54,289 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12651179
- Updated: 9/18/2026
- Added to Site: 145 day(s) ago
Location
- Area: CHI - Portage Park
- County: Cook
- Driving Directions: Northwest corner of Central and Lawrence
- Location Details: Chicago Northwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 1
- Current Bldg. Use: Commercial
- Year Built: 1960
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.56
- Lot Dimensions: 150 x 163
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $32,753
- Assessment Year: 1960
- Tax Amount: $54,289.14
- Tax Year: 2025
Disclosures and Reports
- Property ID: 13084320260000
Listed by @properties Commercial
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Schools
Schools serving 4800 N Central Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Prussing Elementary School 4650 North Menard Avenue, Chicago, IL 60630 | PK-8 | 0.3 mi |
Taft High School 6530 West Bryn Mawr Avenue, Chicago, IL 60631 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4800 N Central Ave
Date
Details
Price
Change
Source
5/18/2026
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4800 N Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,714
—
$78,507
5%
2023
$15,714
3%
$74,475
—
2022
$15,318
2%
$74,475
—
2021
$14,976
-9%
$74,475
—
2020
$16,519
11%
$74,152
—
2019
$14,898
2%
$74,152
—
2018
$14,648
-4%
$74,152
5%
2017
$15,238
7%
$70,785
—
2016
$14,177
68%
$70,785
54%
2015
$8,448
-17%
$46,104
-16%
2014
$10,172
2%
$54,825
—
2013
$9,971
1%
$54,825
—
2012
$9,838
—
$54,825
—
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
Estimate the Cost for 4800 N Central Ave
4800 N Central Avenue, Chicago, IL 60630 (MLS# 12651179) is a Commercial property. 4800 N Central Avenue is currently listed for $2,350,000 and was received on May 18, 2026. Want to learn more about 4800 N Central Avenue? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

