REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 390,000
Est. payment /mo
Active
1501 W 47th ST Chicago, IL 60609
UPDATED:
02/20/2025 05:03 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12275464
Year Built 1933
Annual Tax Amount $2,211
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
Mixed Use Building located in up and coming New City!! New condo development just steps from 47th Street and Laflin Ave, a prime corner location. A versatile mixed-use gem, it seamlessly blends the best of commercial and residential living, making it an enticing prospect for an entrepreneur/occupant. The property's charm is evident from the outset, with a spacious storefront that stands ready to accommodate an array of business ventures. Positioned strategically at a corner, it enjoys a high-visibility presence, drawing attention from the steady stream of passersby. Moving beyond the commercial aspect, the true essence of this property comes to life in the MASSIVE apartment at the rear - it's like a single-family home, boasting a bit over 1,600 square feet of living space. With three generously sized bedrooms and two full bathrooms, it offers an unparalleled haven of comfort. The separate kitchen, formal living room, family room, and huge dining room exude an air of sophistication and cater to various lifestyle needs. Descend to the basement, and you'll find a space brimming with potential. While currently unfinished, its impressive size and well-maintained condition present a blank canvas for creative transformation. What sets this property apart is its rich history and cherished ownership. With over two decades of family run business, it has been thoughtfully and lovingly maintained. Now, it stands ready to welcome a new chapter, offering the perfect opportunity to continue its legacy while creating something uniquely yours. Tif funding area and special financing options available.
Location
State IL
County Cook
Area Chi - New City
Zoning COMMR
Interior
Cooling Window Unit(s)
Flooring Carpet, Concrete, Tile, Vinyl
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 1
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Gustavo Vargas • RE/MAX Partners