1501 West 47th Street

Chicago, IL 60609

$389,999
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Nestled at the bustling crossroads of 47th Street and Laflin Avenue, this MASSIVE BUILDING unveils a world of possibilities in a prime corner location. A versatile mixed-use gem, it seamlessly blends the best of commercial and residential living, making it an enticing prospect for the savvy investor. The property's charm is evident from the outset, with a spacious storefront that stands ready to accommodate an array of business ventures. Positioned strategically at a corner, it enjoys a high-visibility...Nestled at the bustling crossroads of 47th Street and Laflin Avenue, this MASSIVE BUILDING unveils a world of possibilities in a prime corner location. A versatile mixed-use gem, it seamlessly blends the best of commercial and residential living, making it an enticing prospect for the savvy investor. The property's charm is evident from the outset, with a spacious storefront that stands ready to accommodate an array of business ventures. Positioned strategically at a corner, it enjoys a high-visibility presence, drawing attention from the steady stream of passersby. Moving beyond the commercial aspect, the true essence of this property comes to life in the MASSIVE apartment at the rear - it's like a single-family home, boasting a bit over 1,600 square feet of living space. With three generously sized bedrooms and two full bathrooms, it offers an unparalleled haven of comfort. The separate kitchen, formal living room, family room, and huge dining room exude an air of sophistication and cater to various lifestyle needs. Descend to the basement, and you'll find a space brimming with potential. While currently unfinished, its impressive size and well-maintained condition present a blank canvas for creative transformation. What sets this property apart is its rich history and cherished ownership. With over two decades of family stewardship, it has been thoughtfully and lovingly maintained. Now, it stands ready to welcome a new chapter, offering the perfect opportunity to continue its legacy while creating something uniquely yours. Seize the chance to be a part of this remarkable narrative and make your mark on this cherished corner.
  1. Listed by Eduardo Garcia • Realty of Chicago LLC

Property Details for 1501 West 47th Street

Area
CHI - New City
Num of Interior Fireplaces
0
Zoning
COMMR

Location

Listing Courtesy of Realty of Chicago LLC
Add your commute
LISTING UPDATED: 04/29/2024 09:25 AM

Property Details for 1501 West 47th Street

StatusContingent
MLS #11875320
Days on Market241
Taxes$2,212 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1935
Lot Size0.07 AC / 3,131 SF
CountyCook County

Location

Listing Courtesy of Realty of Chicago LLC
Add your commute

Building Information for 1501 West 47th Street

Stories-Residences2Year Built1935Lot Size0.07 AC / 3,131 SF

Payment Calculator

$2,313 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,128

Property Taxes

$184

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1501 West 47th Street

General Information
Addtl Parking Information
  • Outdoor Parking: Parking-Street
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street, Public Road, Signal Intersection
  • Geographic Locale: Chicago South
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Other
  • Flooring: Carpet, Concrete, Tile, Vinyl
  • # Of Washers: 1
  • Heat/Ventilation: Radiators
  • # Of Window/Ac: 2
  • # Of Refrigerators: 4
  • Misc Inside: Public Restroom/s,Storage Inside,Basement
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Storms and Screens (as exist)
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3131.0
  • Stories: 1
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • # Of Offices: 0
  • # Of Ranges: 1
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Retail
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 53
Miscellaneous
  • Location: Corner,Industrial Area/Campus,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Known Encumbrances: None Known
  • Expense Year: 0
  • Net Operating Income Year: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1501 West 47th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1501 West 47th Street

Taxable ValueLand$2,974Additions$8,025Total$10,999
Tax Record2022$855 ($71 / month)
Home Facts
Baths3.5Total Finished SqFt2,818 SqFtAbove Grade Finished SqFt2,818 SqFtStories1Lot Size3,131 SqFtStyleMulti-Family Res (5+ Units)Year Built1933CountyCOOKAPN20-08-101-011

Schools near 1501 West 47th Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 10 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hamline Elementary School
PublicPK to 8

BACK OF THE YARDS IB HS
Public9 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.

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty of Chicago 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.