Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1745 W 47Th St Chicago, IL 60609

    For Lease
    $23 SF/Yr

    Other - Chicago, IL

    Days on Market:
    53
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1745 W 47Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Number of units
    2
    Architectural style
    Other

    RE/MAX MI CASA (773) 767-1616 [email protected]

    Listing agent Maria Castillo (773) 767-1616 License #475122116

    Listing date Oct 14, 2025

    MLS# 12493457 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

    Prime Location on 47th Street

    This property presents an excellent opportunity in the New City area, situated on 47th Street, a high-traffic location on the Southwest Side. The main level, previously an income tax office for many years, offers flexible space suitable for a variety of professional or retail uses. The second floor features a spacious 4-bedroom apartment that is also available for rent, providing the option to live and work in the same building or generate additional income. The property includes a full basement perfect for storage, a 2-car garage, and 2 additional parking spaces. Conveniently located near public transportation, shopping, and dining, this property is ready for a business vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Santiago Express Chicago Tour Agency Solid State Accounting Accountant S&D Property Rehab ... General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6692253
    Latitude
    41.8083106

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • New
      $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $35 SF/Yr
      Pending

      Turnkey Restaurant Space in Logan Square

      1400 SF restaurant with fully built-out kitchen and outdoor patio.
      1858 N Western Ave, Chicago, IL 60647
      View Details

    FAQs

    What type of property is this?
    Retail space - High-traffic location suitable for retail or professional use with apartment.
    Where is this retail space located?
    The property is located at 1745 W 47Th St Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on 47th Street, a high-traffic area ideal for business.; - Flexible main level space suitable for various professional or retail uses.; - Spacious 4-bedroom apartment on the second floor, offering live/work option or rental income.
    (773) 767-1616
    Request Owner's contact information
    1745 W 47Th St Chicago, IL 60609
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1745 W 47Th St
    Chicago, IL 60609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1745 W 47Th St Chicago, IL 60609
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.