601 W 47th Street Chicago, IL $ 615,000
601 W 47th Street
$ 615,000
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601 W 47th Street

Chicago, IL, 60609
$ 615,000
Bedrooms-- Baths-- Sq 5,780

Monthly Estimate*

$ 3,787

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Commercial Property for sale in Chicago, IL

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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Commercial Active

Price

$ 615,000

Property Type

Commercial

Taxes

$ 6,228

Style

Commercial

Lot Size

0.068871

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12655207

Features
General
Cooling 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 Active
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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Interior
Total Fireplaces 2
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 5780
Lot Dimensions 24 x 125
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* Excluded Features
List By
Century 21 S.G.R., Inc.

Broker

quinn.guan1@gmail.com

Email

Affordability Calculator

$4,306
Per Month
88%
12%
0%
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$615,000 Listed Price

Map


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601 W 47th Street, Chicago, IL, 60609 is a Commercial Property for sale at $615,000 with 5,780 sqft and a lot size of 0.068871. 601 W 47th Street was built in 1893. The property's zip code is 60609 which is in Chicago, IL