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$720,000
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Property Description
Rare opportunity to acquire a well-established tire and automotive service business with real estate included located at 2427 W 47th St. This long-standing neighborhood shop has been successfully operating for over 30 years, building a loyal customer base and strong reputation within the local community. The property consists of approximately 6,200 square feet and features two service bays, providing ample workspace for tire installation, repairs, storage, and additional automotive services. The building sits on a highly visible commercial corridor with consistent daily traffic, offering excellent exposure for continued business growth. This business is an attractive opportunity for an owner-operator seeking immediate cash flow or an automotive operator looking to expand their footprint in Chicago. This offering includes both the operating business and the underlying real estate, providing long-term investment value and eliminating the risk of leasing.
Full Property Details
Full Property Details for 2427 W 47th St
General
- Price: $720,000
- Taxes: $10,924 (2023)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12584354
- Updated: 3/12/2026
- Added to Site: 31 day(s) ago
Business
- Business Type: Auto Service
- Years in Business: 11 or More
Location
- Area: CHI - Brighton Park
- County: Cook
- Driving Directions: From Western Ave, head west on 47th St. Property is located mid block on the north side of the street.
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 2
- Square Feet: 4,020
Lot Features
- Lot Size (Sq. Ft.): 6,200
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 6200
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $123,600
- Tax Amount: $10,924
- Tax Year: 2023
Disclosures and Reports
- Property ID: 19122060080000
Listed by Aria Real Estate
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Schools
Schools serving 2427 W 47th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Shields Middle School 2611 West 48th Street, Chicago, IL 60632 | 5-8 | 0.3 mi |
Shields Elementary School, Chicago, IL 4250 South Rockwell Street, Chicago, IL 60632 | PK-4 | 0.6 mi |
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2427 W 47th St
Date
Details
Price
Change
Source
3/05/2026
Listed
$720,000
169.66%
MLS
7/16/2024
Sold
$267,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2427 W 47th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,104
3%
$28,931
—
2022
$5,951
2%
$28,931
—
2021
$5,818
-23%
$28,931
-15%
2020
$7,574
-10%
$34,000
-19%
2019
$8,461
2%
$42,115
—
2018
$8,319
-9%
$42,115
-1%
2017
$9,181
7%
$42,651
—
2016
$8,542
16%
$42,651
6%
2015
$7,395
-1%
$40,357
—
2014
$7,488
2%
$40,357
—
2013
$7,340
1%
$40,357
—
2012
$7,242
—
$40,357
—
Disclaimer: Historical tax 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 2427 W 47th St
2427 W 47th Street, Chicago, IL 60632 (MLS# 12584354) is a Business property. 2427 W 47th Street is currently listed for $720,000 and was received on March 05, 2026. Want to learn more about 2427 W 47th Street? Do you have questions about finding other Business real estate for sale in Brighton Park? You can browse all Brighton Park real estate or contact a Coldwell Banker agent to request more information.

