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$615,000
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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! Sold "as-is."
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
—
$31,000
35%
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.

