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$ 615,000
Est. payment /mo
New
601 W 47th ST Chicago, IL 60609
5,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,780 sqft
Price per Sqft $106
MLS Listing ID 12655207
Year Built 1893
Annual Tax Amount $6,228
Tax Year 2024
Lot Dimensions 24 x 125
Property Sub-Type Mixed Use
Property Description
Massive 5,780 sq ft mixed-use building ideally located on busy, high-traffic 47th St in Canaryville. This versatile property offers exceptional visibility and endless potential for investors or owner-operators alike. The 1st floor features an expansive 2,742 sq ft commercial storefront with impressive 13-ft ceilings, creating a bright and open workspace ideal for a variety of business uses. The space is currently configured as a hardware store for retail, but would also be perfect for mechanical shops, restaurant, cafe, showroom, or many other commercial opportunities. Attached to the storefront is a newer oversized brick 2-car garage, providing additional storage and functionality. The 2nd and 3rd floors offer large, light-filled residential living with approximately 1,500+ sq ft, featuring 3 bedrooms and 1.1 baths. The units include an expansive living room with fireplace, formal dining room, large kitchen, generously-sized bedrooms with ample closet space, private balcony, and rear deck access. Additional highlights include hardwood flooring, exposed brick accents, high ceilings, in-unit washer/dryer, and central heat/air conditioning, blending character and comfort throughout. Plenty of parking - 7 outdoor parking spaces in addition to the 2-car garage. Separate gas and electric meters add convenience for multi-tenant or mixed-use ownership. Excellent location with easy access to I-90/94 and close proximity to downtown, Chinatown, the lakefront, major commercial corridors, new developments, and more. Outstanding investment opportunity with strong income and redevelopment potential!
Location
State IL
County Cook
Area Chi - New City
Interior
Cooling Central Air
Fireplaces Number 2
Fireplace Y
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick,Frame
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Listed by Qizhong Guan of Century 21 S.G.R., Inc.