Two-Story Brick
New
For Sale
$290,000
725 W 47th Street, Chicago, IL 60609
The building includes a half bath and offers a compact footprint for storage or warehouse use.
Property Size3,238 SF
Price / SF$89.56
Days on Market4
Property Features for 725 W 47th Street
General Information
Standard status
Active
Size
3,238 SF
Property subtype
COMMERCIAL
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$14,535
Building Details
Building Size
3,238 SF
Year Built
1897
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Realty of America, LLC
Listed By:
Laura Rodriguez · License #475168402
(312) 607-0165
Source:
Dawnmckennagroup
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:18AM
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 Realty of America, LLC
Investment Insights
Based on property information with market context.
This two-story brick warehouse building contains 3,238 square feet and includes a half bath. Built in 1897, the structure is suited to warehouse or storage use, with contractor and light industrial use also identified as possibilities.
The property is at 725 W 47th Street in Chicago, near Halsted Street, along an established corridor.
The property is at 725 W 47th Street in Chicago, near Halsted Street, along an established corridor.
Key Highlights
- 3,238‑square‑foot, two‑story brick building
- Built in 1897
- Half bath included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,527
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,540
$490.5K
Cap Rate 7%
$350,386
$350.4K
Cap Rate 9%
$272,522
$272.5K
Market Conditions
NOI Build-Up for 3,238 SF
Gross rent
$30.5K $9.43/SF
− Vacancy
−$1.7K −$0.52/SF
EGI
$28.9K $8.91/SF
− OpEx
−$4.3K −$1.34/SF
NOI
$24.5K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,540
Cap Rate 7%
$350,386
Cap Rate 9%
$272,522
Alternative Uses
Best Use
Warehouse
$350.4K
$306.6K – $408.8K
NOI $24,527 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,870 @ 7.0% cap · market cap 36.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Chicago, IL
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Similar Off Market Nearby
- Devon Shipping & Receiving — W 48th St, Chicago, IL 60609
- 47th Truck Parking and Mobile Diesel Repair — 1017 W 47th St, Chicago, IL 60609
- Crozet Self Storage Unit — 4666 S Halsted St, Chicago, IL 60609
- Dixone Storage Facility — 4124 S Racine Ave, Chicago, IL 60609
Frequently Asked Questions
What type of property is this?
Warehouse - The building includes a half bath and offers a compact footprint for storage or warehouse use.
Where is this warehouse located?
The property is located at 725 W 47th Street Chicago, IL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 3,238‑square‑foot, two‑story brick building; Built in 1897; Half bath included
