O'Neil Property Group
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$425,000
364 Days On Site

1949 W 48th Street
Chicago, IL 60609

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
8,805
SqFt
$48
/SqFt
1940
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 Circle
1949 W 48th Street1949 W 48th Street1949 W 48th Street1949 W 48th Street
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An historic parcel of the Back of the Yards built in the early 1940's. Once used as St. Michael's Convent, more recently operated as a friary for an order of brothers. The first floor consists of nine rooms, three small offices, 3 large meeting/gatherings spaces, 2 separate but adjacent kitchens, one storage room one shared bath with three private stalls, and one other private bath and separate half-bath. The building's second floor has a total of nine rooms - six bedrooms or private sleeping areas, one large office/meeting area, a large living room/gathering space, a former designated chapel two private shared bathrooms, one with two tubs, and the other with a shower and five stalls. The third floor of this commodity property has sixteen individual sleeping rooms - all dormitory style. There are two separate bathrooms consisting of two bathtubs, two showers, and four individual stalls. The full walk-up attic is floored and unfinished - possibly available for future improvement. The full basement is unfinished and houses the mechanicals, storage, and a laundry area. The exterior of the building is truly impressive - constructed largely of face and common brick, and grey limestone. There are a number of arched doors and windows with some leaded-glass windows. The west side of the building, facing Damen Avenue has an expansive and open two-story porch/patio area for outdoor entertainment. The building is set on a corner lot measuring approximately 118'x124', or 14,632 square feet - about a third of an acre. A survey from August, 2023 shows the actual building set across the rear of five city lots - nos. 46, 47, 48, 49, and 50. There is a gravel parking area to the south of the building which is accessed through the alley. The entire parcel is fenced. The building itself has about 8,805 sq ft of usable and potential space. The building calls for development, creativity, repurposing, and deserves to be once again, an integral part of this vibrant community.

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Listing Snapshot
Price 
$425,000
Days On Site 
364 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,805 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3 Acres
Year Built 
1940
MLS® Number 
12481371
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
3 months agoStatus changed to Active
12 months agoListing first seen on site
General Features
Acres 
0.3
Foundation 
Concrete Perimeter
SqFt Total 
8805
Zoning 
OTHER
Interior Features
Electric 
Circuit BreakersFuses
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Exterior Features
Construction Details 
ConcreteBrickOther
Community Features
MLS Area 
CHI - New City
Township 
Lake
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 Circle



Based on information submitted to the MLS GRID as of 2026-09-26 06:23 AM UTC. 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.
Last checked: 2026-09-26 06:23 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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