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    1347 W 47Th St Chicago, IL 60609

    New
    For Sale
    $1,200,000

    Business Opportunity - Chicago, IL

    Property size:
    2,400 SF
    Days on Market:
    2
    Last Refresh:
    Dec 11 at 1:06 am

    Property Features for 1347 W 47Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20081000130000
    Size
    2,400 SF

    Utilities

    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Architectural style
    Other

    RE/MAX Premier Properties (312) 475-1717 [email protected]

    Listing agent Howard Thomas (312) 475-1717 License #471019584

    Listing date Dec 10, 2025

    MLS# 12529659 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Bar Opportunity

    This is a business opportunity to purchase a Mexican restaurant with a bar and upscale kitchen, including furniture and a POS system. The build-out was completed in 2024. The 2,400-square-foot property features seating at the bar, high-top tables, and booths. High-definition televisions are installed for viewing sporting events. There is an additional side area for carry-out orders. The property is located on a main bus line and off another, providing excellent access and high visibility in an area with shopping.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    TES KITCHEN L.L.C., Sukhman Rosa

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6596816
    Latitude
    41.8084281

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    FAQs

    What type of property is this?
    Restaurant - Equipped restaurant and bar in Chicago's high-visibility location.
    Where is this restaurant located?
    The property is located at 1347 W 47Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Fully Equipped Restaurant & Bar: Includes upscale kitchen, furniture, and POS system (available for purchase).; - Recently Built-Out: Glamorous build-out completed in 2024.; - Turnkey Operation: Ready for immediate operation as a Mexican restaurant and bar.
    (312) 475-1717
    Request Owner's contact information
    1347 W 47Th St Chicago, IL 60609
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    Chicago, IL 60609
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1347 W 47Th St Chicago, IL 60609
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