4901 W 47th St Chicago, IL 60638

Listing office Brookline Real Estate Show Phone

Listing date May 26, 2026

Source Moodyscre

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Investment Insights

Based on property information with market context.

This commercial land is immediately surrounded by a freestanding Starbucks and Dunkin', and sits across from Hearst Elementary School among dense single family homes near the major retail intersection of Cicero Avenue and 47th Street. The site benefits from its proximity to CTA bus lines (one block away), I-55 (1/2 mile), and Midway Airport (one mile), resulting in heavy vehicle and foot traffic. National retailers at the intersection include McDonald’s, BP, Taco Bell, and Subway. Currently leased by a parking business through May of 2025, the lot can continue to be used for parking given proximity to the airport. The property can alternatively be developed for a number of commercial uses as its C2-1 zoning allows for even more business types than B1 including liquor stores, warehouses, and auto shops.

Key Highlights

• Excellent location near Cicero Avenue and 47th Street, surrounded by national retailers.
• Strong transit location: one block from CTA bus lines, close to I‑55 and Midway Airport.
• High vehicle and foot traffic.

Property Analytics

Property Profile Location Intelligence

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FAQs

What type of property is this?

Commercial land - Commercial land near transportation and retail, potential development opportunity.

Where is this commercial land located?

The property is located at 4901 W 47th St Chicago, IL.

What are key features of this property?

This property features: Excellent location near Cicero Avenue and 47th Street, surrounded by national retailers.; Strong transit location: one block from CTA bus lines, close to I‑55 and Midway Airport.; High vehicle and foot traffic.