$389,999
1501 W 47th Street
Chicago, IL, 60609
Nestled at the bustling crossroads of 47th Street and Laflin Avenue, this MASSIVE BUILDING unveils a world of possibilities in 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 the savvy investor. 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 stewardship, 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. Seize the chance to be a part of this remarkable narrative and make your mark on this cherished corner.
Property Details
Price:
$389,999
MLS #:
MRD11875320
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
1501 W 47th Street
Type:
Commercial
Subtype:
Apts/Stores
City:
Chicago
Listed Date:
Sep 1, 2023
State:
IL
ZIP:
60609
Year Built:
1935
Schools
Interior
Cooling
Window Unit(s)
Flooring
Carpet, Concrete, Tile, Vinyl
Exterior
Construction Materials
Brick
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2021
Taxes
$2,212
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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1501 W 47th Street
Chicago, IL
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