Commercial Sale

1501 47th Street, Chicago, Illinois 60609

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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.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD12275464
Price : $390,000
Year Built : 1933
Property Sub Type : Apts/Stores
Features
Cooling System : Window unit(s)
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60609
Street : 47th
Street Number : 1501
Street Suffix : Street
Floor Number : 0
Longitude : W88° 20' 14.3''
Latitude : N41° 48' 30.2''
Area : CHI - New City
Street Dir Prefix : W
MLS Addon
Agent Name : Gustavo
DaysOnMarket : 28
Directions : Ashland Ave, to 47th Street, east to property. On
Flooring : Carpet, Tile, Concrete, Vinyl
FrontageType : Public Road, City Street, Signal Intersection
List Agent Full Name : Gustavo Vargas
List Agent MLSID : MRD409737
List Office MLSID : MRD40335
List Office Name : RE/MAX Partners
Parcel Number : 20081010110000
Tax Year : $2,023
Zoning : COMMR
ListAgentLastName : Vargas
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 27/01/2025 18:51:01
Commercial Sale For Sale
  • Listing ID : MRD12275464
$390,000
Agent info
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