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$615,000 Just Listed
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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!
Full Property Details
Full Property Details for 601 W 47th St
General
- Price: $615,000
- Taxes: $6,228 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12655207
Interior
- Interior Features: Storage Inside
- Fireplace: Yes
- Number of Fireplaces: 2
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: east/west on 47th St to property; just east of Halsted St.
- Location Details: Chicago South, Chicago Southwest, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick, Frame
- Exterior Const.: Brick, Frame
- Foundation: Concrete Perimeter
- Roof: Rubber
- Stories/Levels: 3
- Square Feet: 5,780
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1893
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,000
- Lot Dimensions: 24 x 125
- Potential Use: Commercial, Retail, Other
Financial Considerations
- Insurance Fee: $3,800
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1893
- Tax Amount: $6,228.18
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Other
Disclosures and Reports
- Property ID: 20091010210000
Listed by Century 21 S.G.R., Inc.
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Schools
Schools serving 601 W 47th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Graham A Elementary School 4436 South Union Avenue, Chicago, IL 60609 | K-8 | 0.3 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 601 W 47th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,853
3%
$23,000
—
2022
$4,731
2%
$23,000
—
2021
$4,625
49%
$23,000
66%
2020
$3,096
-5%
$13,897
-14%
2019
$3,247
2%
$16,160
—
2018
$3,192
-21%
$16,160
-14%
2017
$4,049
7%
$18,807
—
2016
$3,767
9%
$18,807
—
2015
$3,446
-7%
$18,807
-5%
2014
$3,688
2%
$19,877
—
2013
$3,615
1%
$19,877
—
2012
$3,567
—
$19,877
—
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 601 W 47th St
601 W 47th Street, Chicago, IL 60609 (MLS# 12655207) is a Commercial property. 601 W 47th Street is currently listed for $615,000 and was received on May 21, 2026. Want to learn more about 601 W 47th Street? Do you have questions about finding other Commercial 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.

