Apartment Building with
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518-24 E 47th Street, Chicago, IL 60653
Mixed-use property with SRO accommodations and ground-floor commercial frontage.
Property SizeContact for details
Days on Market146
Property Features for 518-24 E 47th Street
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Multifamily Units
68
Building Details
Tenancy
Multi
Listing Agency:
SVN | Chicago Commercial
Listed By:
Dawn Overstreet · License #IL 475156479
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 1:05AM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This apartment building contains 68 single-room occupancy units, with en suite bathrooms provided in some units. Three commercial storefronts are also included, creating a combination of residential accommodations and street-level commercial space.
The property is at 518-24 E 47th Street in Chicago’s Bronzeville neighborhood, within the Douglas and Grand Boulevard community areas. It is situated a few miles south of downtown and near businesses, major transportation routes, and the Illinois Institute of Technology and Illinois College of Optometry. CTA Green and Red Line service provides additional transit access, while Hyde Park and the South Loop are nearby.
The property is at 518-24 E 47th Street in Chicago’s Bronzeville neighborhood, within the Douglas and Grand Boulevard community areas. It is situated a few miles south of downtown and near businesses, major transportation routes, and the Illinois Institute of Technology and Illinois College of Optometry. CTA Green and Red Line service provides additional transit access, while Hyde Park and the South Loop are nearby.
Key Highlights
- 68 SRO units, including some with en suite bathrooms
- Three commercial storefronts included
- Located at 518‑24 E 47th Street in Chicago’s Bronzeville neighborhood
Property Analytics
Current Use
Lease Details
68
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,847
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use property with SRO accommodations and ground-floor commercial frontage.
Where is this apartment building located?
The property is located at 518-24 E 47th Street Chicago, IL.
What are key features of this property?
This property features: 68 SRO units, including some with en suite bathrooms; Three commercial storefronts included; Located at 518‑24 E 47th Street in Chicago’s Bronzeville neighborhood
