321 W 47th Street Chicago, IL $ 320,000
321 W 47th Street
$ 320,000
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321 W 47th Street

Chicago, IL, 60609
$ 320,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 2,021

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Multi-Family Home for sale in Chicago, IL

for $320,000 with 4 bedrooms and 2 full baths. This home was built in 1888.

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.

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Multi-Family Active

Price

$ 320,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 251

Style

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12650480

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Construction Materials Vinyl Siding Brick
Year Built 1888
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
Gross Income 2000
Community Features Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 4
Status Active
Directions East/West on 47th St. to Property
City Chicago
High School District 299
MLS Area CHI - Fuller Park
Tax Annual Amount 251
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full Walk-Out Access
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Bathroom No Tub
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Exterior Amenities Balcony
Parking Features Off Alley Yes Owned
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 25X125
Waterfront Y/N N
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* Excluded Features
List By
North Clybourn Group, Inc.

Broker

tiffany@ncgchicago.com;tiffany@ncgchicago.com

Email

Affordability Calculator

$2,041
Per Month
99%
1%
0%
Monthly Principal & Interest
$2,021
Monthly Property Taxes
$21
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/27/2026$320,000 Listed Price

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321 W 47th Street, Chicago, IL, 60609 is a Multi-Family Home for sale at $320,000. 321 W 47th Street has 4 bedrooms, 2.0 baths, and was built in 1888. The property's zip code is 60609 which is in Chicago, IL