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    4942 W Division St Chicago, IL 60651

    Sponsored
    For Sale
    Pending
    $365,000

    COMMERCIAL - Chicago, IL

    Type:Office
    Lot size:
    0.21 Acres
    Days on Market:
    201
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 4942 W Division St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Pending
    APN
    16042240390000
    Lot size
    0.21 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    1

    Realty Services Consortium (773) 264-6400 [email protected]

    Listing agent Pamela Martin (773) 264-6400

    Listing date Jun 19, 2025

    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

    Former Chicago Health Department Building

    This property, formerly a City of Chicago Health Department building, presents a unique opportunity. The offering includes two vacant lots, one on each side of the property. The interior space is substantial, offering a range of possibilities such as a health clinic, medical office, event venue, salon, barber shop, beauty school, church, daycare center, co-work space, commercial kitchen, restaurant, community center, dance studio, art gallery, or wholesale distribution center. The property is located in Chicago, Illinois. The lot size is 0.21 acres. Interested parties should verify zoning class for intended use prior to purchasing. This property is suitable for medical offices, restaurants, retail, churches and religious facilities, and other specialty purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alberta's Palace Psychologist Life Skills Training ... Training Centre Janaston Management & Development Mental Health Service

    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.

    Similar Places Nearby

    Seligman Animal Hospital, Bhaskar Bathala DVM, Veterinarian Care, Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7501428
    Latitude
    41.9025918

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    FAQs

    What type of property is this?
    Medical office - Former City of Chicago Health Department building with two vacant lots.
    Where is this medical office located?
    The property is located at 4942 W Division St Chicago, IL.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - Enormous interior space suitable for diverse uses such as a health clinic, event venue, or restaurant.; - Includes two vacant lots (see MLS 12380049) on either side of the property.; - Formerly a City of Chicago Health Department building.
    (773) 264-6400
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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
    4942 W Division St Chicago, IL 60651
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