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$750,000
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Property Description
Mexican Restaurant with Bar and upscale kitchen with furniture and POS system available for purchase (Business Only). This glamorous build out was completed 2024. Seating for bar, high tops and booths & Hi def Televisions for watching sporting events and additional side for carry out orders. Great location on main bus line and off another for excellent access and shopping in area with high visibility. Liquor license comes with the business.
Full Property Details
Full Property Details for 1347 W 47th St
General
- Price: $750,000
- Taxes: $4,358 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12529659
- Updated: 2/12/2026
- Added to Site: 73 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Restaurant
- Years in Business: 1 to 3 Yea
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: East or West on 47 street 1543. Just east of Ashland Avenue
Heating & Cooling
- Cooling Type: Central Air Conditioning, Exhaust Fan
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 1
- Square Feet: 2,400
Lot Features
- Lot Size (Sq. Ft.): 7,500
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 150
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $4,358
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs, Scavenger, Sewer, Gas
Disclosures and Reports
- Property ID: 20081000130000
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Schools
Schools serving 1347 W 47th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hamline Elementary School 4747 South Bishop Street, Chicago, IL 60609 | K-8 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1347 W 47th St
Date
Details
Price
Change
Source
2/06/2026
Price Reduced
$750,000
-37.5%
MLS
12/09/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1347 W 47th St
1347 W 47th Street, Chicago, IL 60609 (MLS# 12529659) is a Business property. 1347 W 47th Street is currently listed for $750,000 and was received on December 09, 2025. Want to learn more about 1347 W 47th Street? Do you have questions about finding other Business real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

