$425,000
1949 W 48th Street
Chicago, IL, 60609
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.
Property Details
Price:
$425,000
MLS #:
MRD12481371
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chinewcity
Listed Date:
Sep 26, 2025
Total Sq Ft:
8,805
Lot Size:
14,632 sqft / 0.30 acres (approx)
Year Built:
1940
Schools
Interior
Cooling
None
Exterior
Construction Materials
Concrete, Brick, Limestone, Other
Financial
Tax Year
2023
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Commercial in Chicago as of Oct 06, 2025
1,114
Commercial Listed
163
Avg DOM
155
Avg $ / SqFt
$1,033,962
Avg List Price
Community
- Address1949 W 48th Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60609
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Property Summary
- 1949 W 48th Street Chicago IL is a Commercial for sale in Chicago, IL, 60609. It is listed for $425,000 To schedule a showing of MLS#mrd12481371 at 1949 W 48th Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.

1949 W 48th Street
Chicago, IL