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    4800 S Wood St Chicago, IL 60609

    New
    Under Contract
    For Sale
    $225,000

    Residential Income - Chicago, IL

    Days on Market:
    7
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 4800 S Wood St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    APN
    20072110230000

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1906
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Michael Scanlon (888) 574-9405 License #475188240

    Listing date Dec 8, 2025

    MLS# 12525430 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Chicago

    This mixed-use property in Chicago's Back Of The Yards neighborhood presents an investment opportunity. The property is currently configured with retail space at the front of the lower level and a single residential unit at the rear. The second floor features three apartments, and a finished walk-up attic offers additional potential living space. Currently zoned RS3 for multi-family use, there is potential to rezone for mixed-use. The existing retail space could be divided into two storefronts, suitable for businesses such as a nail salon or hairdresser, contingent upon successful rezoning. Alternatively, the retail space could be converted into a large apartment, creating a four-unit property. The building includes a full unfinished basement and a full finished attic. Approximately $200,000 worth of renovations have been completed, including a new roof, windows, and tuck pointing. Each floor spans approximately 3000 square feet, allowing for flexible floor plans. The finished attic could be utilized to create duplex-up apartments. The property is located near supermarkets, shopping on 47th and Ashland, Davis Park, the I-90 Expressway, and the Western Orange Line, which is one mile away. Seller financing is a possibility; otherwise, cash only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tam Mex Mechanic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6701402
    Latitude
    41.8066223

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential potential in Chicago.
    Where is this mixed-use property located?
    The property is located at 4800 S Wood St Chicago, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Significant renovations completed: New roof, windows, and tuck pointing (nearly $200K value).; - Potential for increased income: Convert to a 4-unit property or rezone for mixed-use with divisible storefronts.; - Large building: Approximately 3000 sq ft per floor allows for flexible floor plans and duplex-up apartment creation.
    (888) 574-9405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4800 S Wood St Chicago, IL 60609
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