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$225,000 Contingent
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Property Description
Excellent investment opportunity in Back Of The Yards! Currently setup as mixed use with retail space on front portion of lower level plus single residential unit in the rear. Second floor is setup with 3 apartments and walkup finished attic for additional potential living space. Currently zoned RS3 (pure multi family) with potential to rezone for mixed use. Old retail space can be easily divisible into 2 storefronts with successful rezoning - perfect size for a local nail salon, hairdresser, etc. Other option is to convert the old retail space into a large apartment to create a HUGE 4 unit property. Full unfinished basement, plus full finished attic. Nearly $200K worth of work already completed including brand new roof, windows, and tuck pointing. Each floor is approximately 3000 square feet and would allow for a wide variety of floor plans. Take advantage of the full finished attic by creating duplex up apartments. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away. Seller financing is a possibility otherwise, CASH ONLY.
Full Property Details
Full Property Details for 4800 S Wood St
General
- Price: $225,000
- Taxes: $2,743 (2023)
- Status: Contingent
- Type: Multi-Family
- Source: MRED
- MLS ID: 12525430
- Updated: 12/8/2025
- Added to Site: 48 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 6
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 10
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: 47th St then south on Wood
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1906
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3000
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1906
- Tax Amount: $2,743
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20072110230000
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Schools
Schools serving 4800 S Wood St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chavez Elementary Multicultural Academy Center 4747 South Marshfield Avenue, Chicago, IL 60609 | PK-8 | 0.2 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.5 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 4800 S Wood St
Date
Details
Price
Change
Source
12/01/2025
Listed
$225,000
42.86%
MLS
12/13/2000
Sold
$157,500
—
Public Record
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 S Wood St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,743
3%
$12,999
—
2022
$2,674
2%
$12,999
—
2021
$2,614
-1%
$12,999
10%
2020
$2,635
-6%
$11,830
-15%
2019
$2,796
2%
$13,918
—
2018
$2,749
-31%
$13,918
-24%
2017
$3,964
7%
$18,412
—
2016
$3,688
9%
$18,412
—
2015
$3,374
10%
$18,412
11%
2014
$3,075
2%
$16,573
—
2013
$3,014
1%
$16,573
—
2012
$2,974
—
$16,573
—
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 S Wood St
4800 S Wood Street, Chicago, IL 60609 (MLS# 12525430) is a Multi-Family property with 4 units containing 10 bedrooms and 0 full bathrooms. 4800 S Wood Street is currently listed for $225,000 and was received on December 01, 2025. Want to learn more about 4800 S Wood Street? Do you have questions about finding other Multi-Family 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.

