PRIME COMMERCIAL OPPORTUNITY WITH HUGE POTENTIAL! Located at 4950-4958 W Division St, this C1-3 zoned commercial property offers an excellent opportunity for an investor, owner-user, or developer looking to bring their vision to life. The property requires work and is being sold in its current condition. Buyer will be responsible for removing and disposing of all remaining personal property and items left by the previous owner. Property is being sold AS-IS. Bring your ideas, creativity, and vision-this property offers significant potential for redevelopment, renovation, or a new commercial venture. Buyer is responsible for verifying zoning, permitted uses, building requirements, dimensions, and all other information with the City of Chicago. Great opportunity for the right buyer!
Details
MLS #
12753742
Listing Type
For Sale
Style
Office/tech
Sub-Type
Resale
Status
Active
Year
1927
Days On Site
28
Listing Provided By
Realty of America, LLC | Margarita Mata
Features
SQ Feet
12,936
Story(s)
2
Zoning
COMMR
Acreage
0.29
Interior
Cooling
None
Exterior
Roof
Rubber
Foundation Details
Concrete Perimeter
Construction Materials
Brick
Utilities
Utilities
Electric to Site
Electric
Circuit Breakers
Taxes
Tax Year
2025
Tax Annual Amount
11017.77
Area Information
State
IL
County
Cook
City
Chicago
Zip Code
60651
Area
CHI Austin
Listing VS Median (in 60651)
Price: $399,000
low | high
Med: $290,000
77.318295739348% of Average
sqft: 12,936
low | high
Med: 2,000
100% of Average
$ / sqft: $31
low | high
Med: $145
100% of Average
On site: 28
low | high
Med: 194
14.432989690722% of Average
Sourced by Back At You
Market Activity 60651
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 2
Avg $ Per SqFt: $157.45
Min Sale Price: $43,000
Max Sale Price: $205,000
Med Sale Price: $124,000
Date: Aug 2026
Sales: 6
Avg $ Per SqFt: $272.9
Min Sale Price: $327,500
Max Sale Price: $1,127,000
Med Sale Price: $572,450
Date: Jul 2026
Sales: 14
Avg $ Per SqFt: $226.12
Min Sale Price: $47,000
Max Sale Price: $821,000
Med Sale Price: $346,500
Date: Jun 2026
Sales: 23
Avg $ Per SqFt: $222.84
Min Sale Price: $162,000
Max Sale Price: $722,500
Med Sale Price: $435,000
Date: May 2026
Sales: 21
Avg $ Per SqFt: $260.9
Min Sale Price: $55,000
Max Sale Price: $865,000
Med Sale Price: $420,000
Date: Apr 2026
Sales: 25
Avg $ Per SqFt: $220.16
Min Sale Price: $170,000
Max Sale Price: $925,000
Med Sale Price: $431,000
Date: Mar 2026
Sales: 31
Avg $ Per SqFt: $237.63
Min Sale Price: $101,325
Max Sale Price: $1,126,500
Med Sale Price: $377,000
Date: Feb 2026
Sales: 25
Avg $ Per SqFt: $240.88
Min Sale Price: $110,000
Max Sale Price: $999,000
Med Sale Price: $395,000
Date: Jan 2026
Sales: 30
Avg $ Per SqFt: $184.11
Min Sale Price: $42,000
Max Sale Price: $1,175,000
Med Sale Price: $390,000
Date: Dec 2025
Sales: 20
Avg $ Per SqFt: $184.93
Min Sale Price: $117,140
Max Sale Price: $1,827,000
Med Sale Price: $302,500
Date: Nov 2025
Sales: 25
Avg $ Per SqFt: $215.9
Min Sale Price: $165,000
Max Sale Price: $900,000
Med Sale Price: $430,000
Date: Oct 2025
Sales: 27
Avg $ Per SqFt: $165.08
Min Sale Price: $48,000
Max Sale Price: $755,000
Med Sale Price: $435,000
Sourced by Back At You
Sep 2026
Sales:
2
Avg $ Per SqFt:
$157.45
Min Sale Price:
$43,000
Max Sale Price:
$205,000
Med Sale Price:
$124,000
Aug 2026
Sales:
6
Avg $ Per SqFt:
$272.9
Min Sale Price:
$327,500
Max Sale Price:
$1,127,000
Med Sale Price:
$572,450
Jul 2026
Sales:
14
Avg $ Per SqFt:
$226.12
Min Sale Price:
$47,000
Max Sale Price:
$821,000
Med Sale Price:
$346,500
Jun 2026
Sales:
23
Avg $ Per SqFt:
$222.84
Min Sale Price:
$162,000
Max Sale Price:
$722,500
Med Sale Price:
$435,000
May 2026
Sales:
21
Avg $ Per SqFt:
$260.9
Min Sale Price:
$55,000
Max Sale Price:
$865,000
Med Sale Price:
$420,000
Apr 2026
Sales:
25
Avg $ Per SqFt:
$220.16
Min Sale Price:
$170,000
Max Sale Price:
$925,000
Med Sale Price:
$431,000
Mar 2026
Sales:
31
Avg $ Per SqFt:
$237.63
Min Sale Price:
$101,325
Max Sale Price:
$1,126,500
Med Sale Price:
$377,000
Feb 2026
Sales:
25
Avg $ Per SqFt:
$240.88
Min Sale Price:
$110,000
Max Sale Price:
$999,000
Med Sale Price:
$395,000
Jan 2026
Sales:
30
Avg $ Per SqFt:
$184.11
Min Sale Price:
$42,000
Max Sale Price:
$1,175,000
Med Sale Price:
$390,000
Dec 2025
Sales:
20
Avg $ Per SqFt:
$184.93
Min Sale Price:
$117,140
Max Sale Price:
$1,827,000
Med Sale Price:
$302,500
Nov 2025
Sales:
25
Avg $ Per SqFt:
$215.9
Min Sale Price:
$165,000
Max Sale Price:
$900,000
Med Sale Price:
$430,000
Oct 2025
Sales:
27
Avg $ Per SqFt:
$165.08
Min Sale Price:
$48,000
Max Sale Price:
$755,000
Med Sale Price:
$435,000
MLS Number: 12753742
Margarita Mata – (312) 420-3595
Realty of America, LLC – (708) 788-1900 – tanya.diaz@roaworld.com
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The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12753742
Margarita Mata – (312) 420-3595
Realty of America, LLC – (708) 788-1900 – tanya.diaz@roaworld.com
