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Mixed-Use Building with Storefronts

731 W 47th Street, Chicago, IL 60609

For Sale
$675,000

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market54

Property Features for 731 W 47th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions 47th Street & Halsted Street then East to address
Subdivision CHI - New City
Standard status Active
APN 20091000120000
Lot size 0.14 Acres

Additional Details

Mixed-Use Components retail, warehouse, residential
Property Use Mixed Use

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5607

Building Details

Year built 1893
Floors in Building 2
Number of units 4
Building materials Brick, Block
Buildings 1
Listing Agency: Chicagoland Brokers, Inc.
Listed By: Nicholas Clancy · License #475153611
Added: Sep 17 Changed: Nov 8 Last Checked: Nov 9 at 5:06AM
MLS# 12763251

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.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property at 731 W 47th Street includes two storefronts connected to an attached warehouse and garage. The second floor contains two apartments that are ready for completion, offering additional space within the existing building configuration.

Constructed in 1893, the building uses brick and block construction and occupies a 0.1377-acre lot in Chicago, Illinois. Its combination of retail-facing space, warehouse or garage area, and upper-level residential units creates a varied commercial property profile.

Key Highlights

  • Two storefronts with an attached warehouse and garage
  • Two second‑floor apartments ready to be finished
  • 0.1377‑acre lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

499
Businesses Nearby

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
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Market

Average Price Trend$/SF for Mixed-use properties in Chicago, IL

$342 Jul
$241 Aug
$205 Sep
$203 Oct

Properties on Market for Mixed-use properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two storefronts connect to an attached warehouse and garage, with unfinished apartment space above.
Where is this mixed-use property located?
The property is located at 731 W 47th Street Chicago, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two storefronts with an attached warehouse and garage; Two second‑floor apartments ready to be finished; 0.1377‑acre lot
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