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Grand Boulevard Retail Investment Property
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339 E 47Th Street, Chicago, IL 60653

Six-unit retail building with long-term tenants in Grand Boulevard.

Property SizeContact for details
Days on Market98

Property Features for 339 E 47Th Street

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 1990
Listing Agency: Century 21 Affiliated Orland Park
Listed By: Mark Vaccaro · License #471.021485
Source: Crexi
Added: May 17 Changed: Jul 10 Last Checked: Aug 22 at 9:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Affiliated Orland Park

Investment Insights

Based on property information with market context.

This six-unit building is located in the Grand Boulevard neighborhood, near a train station. The property is fully occupied by five tenants, with one tenant occupying two storefronts. Current tenants include a cellphone store, barbershop, beauty shop, grocery store, and a restaurant. The property generates rental income, making it suitable for investment portfolios.

Key Highlights

  • Great rental income from this spectacular income producing property
  • 6 unit building with 5 awesome tenants
  • Longtime tenants include cellphone store, barbershop, beauty shop, grocery store, and restaurant

Property Analytics

Current Use

Boost Mobile Mobile Phone Store

Suggested Use

Top Pick Law Firm HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,828
Businesses Nearby
32k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 93% Electronics 7%
Dollar Tree Shops & Services
16,577 visits/mo 0.5 miles
BP Shops & Services
12,427 visits/mo 0.3 miles
Boost Mobile Electronics
2,303 visits/mo 0.1 miles
Associated Bank Shops & Services
1,013 visits/mo 0.5 miles

Demographics for 60653, IL

33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Six-unit retail building with long-term tenants in Grand Boulevard.
Where is this retail space located?
The property is located at 339 E 47Th Street Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Great rental income from this spectacular income producing property; 6 unit building with 5 awesome tenants; Longtime tenants include cellphone store, barbershop, beauty shop, grocery store, and restaurant
(708) 307-9761 Call to check price and availability
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