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$449,000

  • For Sale
  • Active
  • Commercial
  • 3,125 Sq. Ft.
  • Updated 11 days ago
See This Home
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Located in the Austin neighborhood, one of Chicago's largest residential communities with a variety of local amenities, and commercial corridors welcoming in new businesses and services. All type of use related building (has living quarter) just west of Major intersection of Cicero Ave., and North Ave., traffic lights with tremendous visibility and exposure. 2_overhead garge doors. Surrounded by all types of retailers offering multiple uses. C2-1 zoning offers wide business types including liquor stores, warehouses, auto shops, and apartments above the ground floor. Walking distance to public transportation, and quick access to major roads, interstate I-90 /I-94, and within a short distance to O'Hare International Airport.

Full Property Details for 4940 W North Ave

General

  • Price: $449,000
  • Taxes: $10,737 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12571682
  • Updated: 3/19/2026
  • Added to Site: 17 day(s) ago

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - Austin
  • County: Cook
  • Driving Directions: Cicero Ave then West on North Ave., to property. Central Park Ave. east on North Ave. to address.
  • Location Details: East/West Corridor

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Construction: Concrete
  • Exterior Const.: Concrete
  • Foundation: Concrete Perimeter
  • Stories/Levels: 2
  • Square Feet: 3,125
  • Current Bldg. Use: Commercial, Automotive
  • # of Stores: 2
  • Year Built: 1935
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 3,125
  • Lot Dimensions: 25 x 125
  • Frontage: City Street
  • Potential Use: Commercial, Conditional Use, Industrial, Office, Special Use
  • Zoning: WRHSE

Financial Considerations

  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1935
  • Tax Amount: $10,737
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 13334220440000

Listed by Century 21 Circle

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— 4940 W North Ave —

  • Century 21 Circle

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
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 W North Ave

School District:Chicago Public School District 299
NameGradesDistance
Lewis Elementary School
1431 North Leamington Avenue, Chicago, IL 60651
PK-80.3 mi
Foreman High School
3235 North Leclaire Avenue, Chicago, IL 60641
9-122.1 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 4940 W North Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Listed
$449,000
780.39%
MLS
3/22/2010
Sold
$51,000
—
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 W North Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,737
3%
$50,889
—
2022
$10,467
2%
$50,889
—
2021
$10,233
9%
$50,889
21%
2020
$9,356
11%
$42,000
—
2019
$8,438
64%
$42,000
61%
2018
$5,143
-4%
$26,036
5%
2017
$5,347
7%
$24,840
—
2016
$4,975
9%
$24,840
—
2015
$4,552
-1%
$24,840
—
2014
$4,609
2%
$24,840
—
2013
$4,518
-67%
$24,840
-68%
2012
$13,808
—
$76,950
—
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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Listed by Century 21 Circle

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4940 W North Avenue, Chicago, IL 60639 (MLS# 12571682) is a Commercial property. 4940 W North Avenue is currently listed for $449,000 and was received on March 13, 2026. Want to learn more about 4940 W North Avenue? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

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