601 W 47th Street
Chicago, IL, 60609 $ 615,000
Bedrooms-- Baths-- Sq 5,780 Monthly Estimate*
$ 3,787
for $615,000. This 5,780 square foot building was built in 1893 on a lot size of 0.068871.
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!
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FeaturesGeneralCooling Central Air
Possession Closing
Roof Rubber
Construction Materials Brick Frame
Year Built 1893
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Other
Stories Count 3
Township Lake
Tax Year 2024
Current Use Commercial
Gross Income 39000
County Cook
Insurance Expense 3800
Property Type Commercial Sale Mixed Use
Possible Use Commercial Retail Other
Status New
Directions east/west on 47th St to property; just east of Halsted St.
City Chicago
Number Of Units Total 3
MLS Area CHI - New City
Lot Size Square Feet 3000
Tax Annual Amount 6228.18
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 3600
Additional Parcels Y/N N
Standard Status Active
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 5780
Lot Dimensions 24 x 125
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* Excluded FeaturesList ByCentury 21 S.G.R., Inc.Broker
quinn.guan1@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,787
- Monthly Property Taxes
- $519
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $960,253
Percent of Sale Price 56%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $615,000 | | Listed Price |