4851 North Western, Chicago IL 60625
$2,495,000

Property Description

Rare Land OPP Lincoln Sq. 13,358sf 126' x 106' B3-3 zoning TOD Walk to the Western Ave. brown line or shops in Lincoln Square. Redevelop into Commercial/Residential Currently a Furniture Showroom 17' ceilings with LL Subject to the Western Ave ARO. Value add redevelopment. Environmental I+II available. Seller is willing to lease back for a short time after. Plans (older) avail for 4 story comm/residential redevelopment w/parking in LL. Don't hesitate to call LA to discuss.

Features & Information

Key Details

  • List Price $2,495,000
  • Property Taxes $78,572
  • Acreage 0.31
  • Lot Dimensions 126 x 106
  • Status New

Schools

  • Elementary School District 299
  • School Name Mcpherson Elementary Scho
  • Junior High District 299
  • High School District: 299
  • School Name Amundsen High School

Location

  • General Information None
  • County Cook
  • Township Lake View
  • Corporate Limits Chicago
  • Directions to Property Lawrence To Western Continue One Block North
  • Property Taxes

  • Tax $78,572
  • Tax Year 2025
  • Parcel Identification Number 14073180040000

Listed by: L.J.S. Real Estate | Phone: 312.738.9502
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/23/2026 5:02 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.

Explore Ravenswood

Filled with gigantic trees, spacious lawns, and old renovated homes, the Ravenswood neighborhood is a lovely place to get away from hectic city life, while remaining in the middle of a thriving community that has it all. One of Ravenswood's (or Lincoln Square's, depending on who you ask) crowning glories is the Old Town School of Folk Music. It originated in Old Town, but the performance venue (which has hosted the likes of Joni Mitchell) was moved up to Ravenswood in recent years and continues to produce great folk shows. A slew of Ravenswood cafés and taverns also welcome live music and the occasional comedy act, in addition to supplying the bulk of neighborhood nightlife. On the dining front, a long list of excellent restaurants has made a blip on Chicago's culinary radar. Romantic French bistros, trendy sushi bars, unforgettable Italian pasterias, and satisfying American diners cover any mood or craving with style and masterfully prepared meals.

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