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Listing provided courtesy of NAIM LUXE REALTY LLCMREDas Distributed by MLSGrid- MLS# 12481421MLS Provider

1718 W 48th StreetChicago, IL 60609

Commercial
$260,000 Active

1718 W 48th Street Overview

Time on Site:
271 days
Visits:
8

Don't miss this opportunity to own a versatile two-story property just one block from bustling 47th Street. The first floor offers over 2,000 sq. ft. of commercial space, currently zoned B3-1, perfect for retail, office, or a variety of business uses. Upstairs, you'll find a large 3-bedroom apartment with generous living space, plus an additional attic area for storage or potential expansion. Ideal for investors, business owners, or those seeking live/work opportunities. Conveniently located near shopping, dining, public transportation, and major thoroughfares. Selling in as-is condition.

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1718 W 48th Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1914

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - New City

Tax Information

  • Tax Annual Amount: $2,954.00
  • Tax Year: 2023

General Information

  • Parcel Number: 20072050360000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: None
  • Electric: Circuit Breakers
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 124.9 x 25
  • Lot Size Square Feet: 3125

General Information

  • Number Of Units Total: 2

1718 W 48th Street Neighborhood

Community

60609 (CHICAGO) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1718 W 48th Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1718 W 48th Street Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

1718 W 48th Street History

Date Event Value Agent
11/21/2025Source: MRED Status Change
Active
11/16/2025Source: MRED Price Increase
$260,000 8.3%
11/15/2025Source: MRED Price Reduction
$240,000 -11.1%
11/15/2025Source: MRED Status Change
Price Change
10/6/2025Source: MRED Status Change
Active
10/1/2025Source: MRED Added to Database
October 01, 2025