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Mixed-Use Building With Garage
For Sale
$615,000

601 W 47th Street, Chicago, IL 60609

Commercial Sale, Chicago, IL

Property Size5,780 SF
Lot Size0.07 Acres
Price / SF$106.40
Days on Market99

Property Features for 601 W 47th Street

General Information

Property type Commercial Sale
Property subtype Other
Fireplace 1
Directions east/west on 47th St to property; just east of Halsted St.
Subdivision CHI - New City
Standard status Active
APN 20091010210000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6228

Utilities

Cooling system Central Air

Amenities

hardwood flooring
exposed brick accents
high ceilings
in-unit washer/dryer
central heat/air conditioning
private balcony
rear deck access
fireplace
separate gas and electric meters
oversized brick 2-car garage

Building Details

Year built 1893
Floors in Building 3
Number of units 3
Building materials Brick, Frame
Roof type Rubber
Listing Agency: Century 21 S.G.R., Inc. · Century 21 Real Estate
Listed By: Qizhong Guan
Added: May 21 Changed: Aug 19 Last Checked: Aug 27 at 11:06PM
MLS# 12655207

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This three-level mixed-use building combines a ground-floor commercial storefront with residential living areas on the upper floors. The retail portion measures 2,742 square feet and has 13-foot ceilings; it is currently arranged for hardware retail use. A brick two-car garage is attached to the storefront, adding enclosed storage or functional support space. The upper levels provide approximately 1,500+ square feet of residential space with three bedrooms, 1.1 baths, a living room with fireplace, formal dining room, kitchen, private balcony, and rear deck access. Hardwood floors, exposed brick, central heat and air conditioning, and in-unit laundry are also included.

The property is located at 601 W 47th Street in Chicago, with access to I-90/94 and proximity to downtown, Chinatown, the lakefront, and major commercial corridors. Seven outdoor parking spaces supplement the garage. Separate gas and electric meters support the building’s mixed-use configuration. The property is offered as-is.

Key Highlights

  • 2,742 SF ground‑floor commercial storefront
  • 13‑ft ceilings in the retail area
  • Attached oversized brick 2‑car garage

Property Analytics

Current Use

Discount Hardware and Supply Building Supply

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Hair Salon Bakery

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

Lease Details

1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

493
Businesses Nearby
34k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 53% Dining 29% Apparel 18%
Family Dollar Shops & Services
17,847 visits/mo 0.4 miles
Dunkin' Donuts Dining
9,645 visits/mo 0.4 miles
Citi Trends Apparel
6,152 visits/mo 0.4 miles

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail space occupies the ground floor, with residential living areas, parking, and separate utility metering above and behind.
Where is this mixed-use property located?
The property is located at 601 W 47th Street Chicago, IL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 2,742 SF ground‑floor commercial storefront; 13‑ft ceilings in the retail area; Attached oversized brick 2‑car garage
More about this property
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