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$320,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 7 days ago
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Located in the heart of Chicago's Canaryville/Back of the Yards area, this solid two-flat offers a versatile opportunity for both owner-occupants and investors alike. Whether you're looking to live in one unit while generating rental income from the other, or fully lease both units for steady cash flow, this property delivers flexibility and long-term potential. Each unit offers generous living space with separate entrances, making it ideal for multi-generational living, house hacking, or traditional investment use. The unfinished basement provides additional value-add potential and may offer the opportunity to create a duplex-down with the first-floor unit, adding even more living space and future upside. Investors will appreciate the strong rental demand and income-producing potential in this growing neighborhood. Conveniently located near public transportation, major expressways, parks and schools.

Full Property Details for 321 W 47th St

General

  • Price: $320,000
  • Taxes: $251 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12650480
  • Updated: 7/27/2026
  • Added to Site: 80 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2
  • Bathroom Features: No Tub

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train

Exterior

  • Exterior Features: Balcony

Parking

  • Total Spaces: 2
  • Parking Features: Off-Alley, Yes, Owned

Location

  • Area: CHI - Fuller Park
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: East/West on 47th St. to Property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full, Walk-Out Access
  • Roof: Asphalt
  • Year Built: 1888
  • Built Before 1978: Yes
  • Remodeled/Updated: 2015

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 125

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1888
  • Tax Amount: $251
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20092010020000

Listed by North Clybourn Group, Inc.

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Listing agent

— 321 W 47th St —

  • North Clybourn Group, Inc.

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 321 W 47th St

School District:Chicago Public School District 299
NameGradesDistance
Sherwood Elementary School, Chicago, IL
245 West 57th Street, Chicago, IL 60621
PK-81.3 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-111.3 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 321 W 47th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/16/2026
Listed
$320,000
700%
MLS
6/26/2017
Sold
$40,000
—
Public Record
Get Price Alerts and Save Property
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 for 321 W 47th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$251
—
$12,000
167%
2023
$251
13%
$4,500
—
2022
$223
-6%
$4,500
—
2021
$236
-91%
$4,500
-69%
2020
$2,539
-24%
$14,501
-13%
2019
$3,349
2%
$16,668
—
2018
$3,292
54%
$16,668
68%
2017
$2,134
8%
$9,912
—
2016
$1,985
9%
$9,912
—
2015
$1,816
-8%
$9,912
-7%
2014
$1,973
2%
$10,633
—
2013
$1,934
1%
$10,633
—
2012
$1,908
—
$10,633
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by North Clybourn Group, Inc.

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321 W 47th Street, Chicago, IL 60609 (MLS# 12650480) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 321 W 47th Street is currently listed for $320,000 and was received on May 16, 2026. Want to learn more about 321 W 47th Street? Do you have questions about finding other Multi-Family real estate for sale in Fuller Park? You can browse all Fuller Park real estate or contact a Coldwell Banker agent to request more information.

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