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Listing provided courtesy of Millennium Properties RE, Inc.MREDas Distributed by MLSGrid- MLS# 12136623MLS Provider

700 E 47th StreetChicago, IL 60653

Commercial · 3,600 Sq. ft.
$650,000 Active

700 E 47th Street Overview

Time on Site:
686 days
Visits:
36

A 3,600 square foot retail center located in Chicago, IL is available for sale. This property is situated on a substantial stretch on 47th Street in Bronzeville. Tenants at the center include Raven Scaife/Pretty Hair Boss Studio, Taqueria Varitas and LaJoie Hair Care. Prominent pedestal, ample parking and close proximity to public transportation makes this is great opportunity for an investor. This property is situated in the commercial district of Bronzeville neighborhood, one of the rapidly growing sub-divisions of Chicago's south side.

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700 E 47th Street Facts & Features

  • Type Commercial
  • Sq. ft. 3,600
  • Price/Sq.ft. $181

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 2004

Business Information

  • Business Type: Retail

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Grand Boulevard

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $29,725.00
  • Tax Year: 2023

General Information

  • Parcel Number: 20034270310000
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 3600

General Information

  • Cooling: Central Air
  • Electric: Separate Meters
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 3600

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 50X125
  • Lot Size Square Feet: 11979

700 E 47th Street Neighborhood

Community

60653 (Chicago) Demographics

35
Median Age
11,237
Population Density (per sq. mile)
43%
College Educated
$34,621
Estimated Median Income
4,433
Estimated Total Home Owners
11,501
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

700 E 47th Street Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

700 E 47th Street Market Data

Based on the last 30 days in this zip code

$445,053
Average List Price
$227
Average Price per Square Foot
19
Properties Sold
46
Average Days on Market
72
Properties for Sale
Calculations provided by Reliance Network

700 E 47th Street History

Date Event Value Agent
8/17/2024Source: MRED Status Change
Active
8/12/2024Source: MRED Added to Database
August 12, 2024