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$225,000 Contingent
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Property Description
Excellent investment opportunity in Back Of The Yards! Currently setup 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 tuckpointing. Each floor is approx 3000 sq 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. Potential seller financing is available, 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: Commercial
- Source: MRED
- MLS ID: 12525445
- Updated: 12/8/2025
- Added to Site: 124 day(s) ago
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: S Ashland Ave To Wood St
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 5,172
- # of Stores: 1
- Year Built: 1908
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,000
- Lot Dimensions: 24 x 125
- Potential Use: Commercial, Multi-Family, Retail
Financial Considerations
- Assessment Year: 1908
- Tax Amount: $2,743
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 20072110230000
Listed by eXp Realty
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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 ATTOM Data Solutions 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
2/09/2026
Sold
$215,000
-4.44%
Public Record
12/01/2025
Listed
$225,000
—
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 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# 12525445) is a Commercial property. 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 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.

