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C1-3 Zoned Commercial Land
New
For Sale
$399,000

4950 W Division Street, Chicago, IL 60651

C1-3-zoned commercial property offered in its current condition and requiring work.

Property SizeContact for details
Days on Market4

Property Features for 4950 W Division Street

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $11,018

Amenities

Rubber Roof

Building Details

Year Built 1927
Listing Agency: REALTY OF AMERICA, LLC
Listed By: MARGARITA MATA
Source: Corcoran
Added: Sep 9 Changed: Sep 11 Last Checked: Sep 11 at 7:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY OF AMERICA, LLC

Investment Insights

Based on property information with market context.

Located at 4950 W Division Street in Chicago, this C1-3-zoned commercial property is offered in its present condition and requires work. The asset may support renovation, redevelopment, or a new commercial use, subject to verification of permitted uses, building requirements, dimensions, and other applicable details with the City of Chicago.

The sale is conducted on an as-is basis. Remaining personal property and other items left by the previous owner must be removed and disposed of by the buyer. The property is suited to a purchaser prepared to address the existing condition and evaluate a future commercial plan.

Key Highlights

  • C1‑3 zoning
  • Offered in its current condition and requiring work
  • As‑is sale

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,190
Businesses Nearby
150k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 34% Shops & Services 26% Dining 20% Apparel 19%
Food 4 Less Groceries
51,025 visits/mo 0.4 miles
Wendy's Dining
28,530 visits/mo 0.5 miles
Five Below Shops & Services
22,390 visits/mo 0.4 miles
Ross Dress for Less Apparel
20,258 visits/mo 0.4 miles
Shell Shops & Services
6,235 visits/mo 0.2 miles

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - C1-3-zoned commercial property offered in its current condition and requiring work.
Where is this commercial land located?
The property is located at 4950 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: C1‑3 zoning; Offered in its current condition and requiring work; As‑is sale
More about this property
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