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$1,995,000
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Property Description
Versatile Warehouse in Prime Lincoln Square Location! 14,526 sq. ft. warehouse and by level office with main area featuring 20-foot ceilings, offering ample space for a wide range of industrial, commercial, or redevelopment opportunities. This property includes two levels of office space, a breakroom, 2500 sq ft of storage areas, and a reception area, great environment for business operations. Equipped with a full-size pull-in loading dock, 800-amp 3-phase electric, and an oversized new HVAC system providing A/C throughout entire warehouse (2023), plus a 10-year-old HVAC system in the office section. Also, new sump pump and a new roof (2018). Situated in a B3-3 zoning area, this property is ideal for redevelopment possibilities of all types. Located in Lincoln Square, just three blocks from L train access, and surrounded by popular restaurants, bars, and shops, this location delivers convenience and vibrant community appeal. Also willing to lease the space, reach out for more details.
Full Property Details
Full Property Details for 4949 N Western Ave
General
- Price: $1,995,000
- Taxes: $47,540 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12354805
- Updated: 12/14/2025
- Added to Site: 261 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Sprinklers (Wet)
Location
- Area: CHI - Lincoln Square
- County: Cook
- Driving Directions: On Western north of Lawrence and Lincoln
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 2
- Square Feet: 13,688
- Year Built: 1970
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 16,375
- Lot Dimensions: 125 x 131
Financial Considerations
- Lease Price: $16
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Smoke or Fire Protectors, Sprinklers-Wet
- Assessment Year: 1970
- Tax Amount: $47,540
- Tax Year: 2023
Disclosures and Reports
- Property ID: 14073100400000
Listed by @properties Commercial
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Schools
Schools serving 4949 N Western Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chappell Elementary School, Chicago, IL 2135 West Foster Avenue, Chicago, IL 60625 | PK-8 | 0.4 mi |
Amundsen High School 5110 North Damen Avenue, Chicago, IL 60625 | 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 4949 N Western Ave
Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$1,995,000
-13.07%
MLS
8/04/2025
Price Reduced
$2,295,000
-7.27%
MLS
6/18/2025
Price Reduced
$2,475,000
-8.33%
MLS
5/01/2025
Listed
$2,700,000
264.86%
MLS
5/14/2021
Sold
$740,000
—
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 4949 N Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,347
3%
$68,000
—
2022
$13,986
8%
$68,000
—
2021
$13,004
—
$68,000
11%
2020
$12,983
3%
$61,381
-9%
2018
$12,645
-2%
$67,452
—
2019
$12,863
35%
$67,452
42%
2017
$9,529
5%
$47,640
—
2016
$9,042
10%
$47,640
—
2015
$8,249
4%
$47,640
6%
2014
$7,902
2%
$45,156
—
2013
$7,735
1%
$45,156
—
2012
$7,655
—
$45,156
—
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 4949 N Western Ave
4949 N Western Avenue, Chicago, IL 60625 (MLS# 12354805) is a Commercial property. 4949 N Western Avenue is currently listed for $1,995,000 and was received on May 01, 2025. Want to learn more about 4949 N Western Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Square? You can browse all Lincoln Square real estate or contact a Coldwell Banker agent to request more information.

