1700 W 48th St

Chicago, IL 60609

$299,000
Price
5,625 / 0.13
Lot Size / Acres
Get preapproved with Rocket Mortgage1

Description

Prime development opportunity in the heart of Chicago's Back of the Yards neighborhood. This offering includes two adjacent vacant lots being sold together, situated on a corner location and currently fully fenced. The property includes two separate PIN numbers, and the listed lot dimensions represent the combined size of both parcels. Each lot is estimated at approximately 45' x 125', providing a combined footprint of approximately 90' x 125' (11,250 square feet total). The property is located in...Prime development opportunity in the heart of Chicago's Back of the Yards neighborhood. This offering includes two adjacent vacant lots being sold together, situated on a corner location and currently fully fenced. The property includes two separate PIN numbers, and the listed lot dimensions represent the combined size of both parcels. Each lot is estimated at approximately 45' x 125', providing a combined footprint of approximately 90' x 125' (11,250 square feet total). The property is located in a B3-1 Community Shopping District, which allows for a wide variety of commercial and mixed-use developments, including retail storefronts, service businesses, offices, and residential units above the ground floor. Buyers should verify zoning and permitted uses with the City of Chicago to confirm their intended development plans. The property is being sold together with 1704 W 48th St included in the sale. 2024 property taxes shown reflect the combined total for both parcels. Located in a rapidly evolving area, the property benefits from ongoing redevelopment and community investment throughout Back of the Yards, including the nearby United Yards mixed-use development featuring retail, housing, and community services, as well as new residential construction projects transforming vacant lots throughout the neighborhood. These improvements are part of broader initiatives aimed at revitalizing the commercial corridors and increasing housing opportunities in the area. This site presents an excellent opportunity for developers, investors, or owner-users seeking a buildable lot in a growing Chicago neighborhood with strong long-term potential.
  1. Listed by Ivan Hernandez • Realty of America, LLC
    P: (773)-520-0571 C: (773)-520-0571 ivan@chicagomultifamilybroker.com

Property Details for 1700 West 48th Street

Area
CHI - New City
Township
South Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
LISTING UPDATED: 04/25/2026 01:16 PM

Property Details for 1700 West 48th Street

StatusActive
MLS #12585334
Days on Market90
Taxes$2,940 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size0.13 AC
CountyCook County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Realty of America, LLC
Add your commute

Building Information for 1700 West 48th Street

Lot Size0.13 AC

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,751 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,506

Property Taxes

$245

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1700 West 48th Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 45'
  • Frontage Type: City Street
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Unknown (verify)
Property/Lot Information
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 45' x 125'
  • Buildings on Land: No
  • Waterfront: No
  • General Information: School Bus Service,Commuter Bus
  • North Coordinate: 0
  • South Coordinate: 4700
  • East Coordinate: 0
  • West Coordinate: 1700
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
  • OpenHouse Count: 0
Miscellaneous
  • Road Surface: Asphalt
  • Total Listed Lots Avail: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 1700 West 48th Street

DateEvent & SourcePriceAppreciation
Mar 6, 2026

Listed (Active)

MRED #12585334

$299,000—
Feb 29, 2016

Expired

MRED #09025493

$67,500—
Aug 30, 2015

Listed (Active)

MRED #09025493

$67,500—
DateEvent & SourcePrice
03/06/2026

Listed (Active)

MRED #12585334

$299,000
02/29/2016

Expired

MRED #09025493

$67,500
08/30/2015

Listed (Active)

MRED #09025493

$67,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1700 West 48th Street

Taxable ValueLand$6,764Additions-Total$6,764
Tax Record2023$1,189 ($99 / month)
Home Facts
Beds0Baths7.5Total Finished SqFt15,186 SqFtAbove Grade Finished SqFt15,186 SqFtStories3Lot Size5,637 SqFtStyleMiscellaneous Vacant LandYear Built1886CountyCOOKAPN20-07-205-041

Schools near 1700 West 48th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Chavez Elementary Multicultural Academy Center
Public - PK to 8
Richards Career Academy High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 12
Jefferson Alt High School
Public - 6 to 12
Rating
School
Distance
Chavez Elementary Multicultural Academy Center
PublicPK to 8

Richards Career Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

Jefferson Alt High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Explore Nearby Homes

More information about 1700 West 48th Street, Chicago, IL 60609

1700 West 48th Street is a 0.13 ac of land for sale in Chicago, IL 60609. This property was listed for sale on March 6, 2026 by Realty of America, LLC, it's currently listed at $299,000. This listing's school district is Chicago Public Schools. Nearby schools include Chavez Elementary Multicultural Academy Center, Richards Career Academy High School and Art in Motion Charter School. 1700 West 48th Street is a 0-bed, 0-bath, 0.13 ac of land on a 5,625 sq. ft. / 0.13 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty of America, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/25/2026 01:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.