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$199,999

  • For Sale
  • Active
  • Commercial
  • 2,247 Sq. Ft.
  • Updated 11 days ago
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Introducing a standout commercial offering perfect for retailers, service providers, and entrepreneurs seeking strong exposure and consistent foot traffic. This well-appointed retail storefront building combines functionality with exceptional visibility, making it an ideal home for a wide range of business uses. Boasting a welcoming storefront with large display windows, the property delivers excellent street presence and natural light throughout. The flexible interior layout allows for easy customization-perfect for showrooms, boutique retail, specialty shops, professional services, or a branded flagship location. Schedule your private showing now!

Full Property Details for 4940 S Ashland Ave

General

  • Price: $199,999
  • Taxes: $10,894 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12530280
  • Updated: 1/5/2026
  • Added to Site: 38 day(s) ago

Additional Information

  • Security/Safety: Other

Location

  • Area: CHI - New City
  • County: Cook
  • Driving Directions: South of 49th St, North of 50th St, West of Justine St, East of Marshfield Ave

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Ceiling Units

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 1
  • Square Feet: 2,247
  • Current Bldg. Use: Other
  • Year Built: 1912

Lot Features

  • Lot Size (Sq. Ft.): 2,750
  • Lot Dimensions: 2247
  • Frontage: City Street, Public Road, Alley Access
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Assoc Fee Freq.: Annually
  • Security Deposit: Other
  • Assessment Year: 1912
  • Tax Amount: $10,894.24
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 20072230360000

Listed by Smart Home Realty

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— 4940 S Ashland Ave —

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NMLS#: 1598647

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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 4940 S Ashland Ave

School District:Chicago Public School District 299
NameGradesDistance
Chavez Elementary Multicultural Academy Center
4747 South Marshfield Avenue, Chicago, IL 60609
PK-80.3 mi
Richards Career Academy High School
5009 South Laflin Street, Chicago, IL 60609
9-120.2 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 4940 S Ashland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/09/2025
Listed
$199,999
400%
MLS
9/05/2008
Sold
$40,000
—
Public Record
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 4940 S Ashland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,225
3%
$43,721
—
2022
$8,993
2%
$43,721
—
2021
$8,792
27%
$43,721
41%
2020
$6,906
-12%
$31,000
-21%
2019
$7,851
2%
$39,077
—
2018
$7,719
1%
$39,077
10%
2017
$7,661
7%
$35,590
—
2016
$7,128
9%
$35,590
—
2015
$6,522
-1%
$35,590
—
2014
$6,603
2%
$35,590
—
2013
$6,473
1%
$35,590
—
2012
$6,386
—
$35,590
—
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.

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

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4940 S Ashland Avenue, Chicago, IL 60609 (MLS# 12530280) is a Commercial property. 4940 S Ashland Avenue is currently listed for $199,999 and was received on December 09, 2025. Want to learn more about 4940 S Ashland Avenue? 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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