Property profile

124 47Th St Chicago, IL 60609

OFF-MARKET
Warehouses
20,000 SF 0.21 ac lot Built 1907
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Property summary

AI-generated overview

This exceptional 20,000-square-foot warehouse, located at 124 W 47th Street in Chicago, Illinois, presents a compelling investment opportunity. The property, built in 1907, is a Class C, free-standing building situated on a 0.21-acre lot (with potential for additional land acquisition). The warehouse features one loading dock and one drive-in door, offering convenient access for loading and unloading. The building is a two-story structure with a single unit and is zoned M1-2, allowing for a variety of industrial uses. Its strategic location offers immediate access to I-90, providing seamless connectivity to major transportation routes. The property benefits from its proximity to the Stockyards Industrial Park, Bronzeville, Bridgeport, and Pilsen, providing access to a robust workforce and a wealth of amenities. The location is also approximately 30 minutes from O'Hare International Airport. This property offers significant potential for future expansion, making it an attractive investment for businesses seeking a well-located, functional warehouse space in a thriving industrial area of Chicago. The Cook County Assessor's Parcel Number (APN) is 20-04-446-030-0000. The asking price for this unique opportunity is $425,000.

Property profile

Verified
Property type Warehouses
Year built 1907
Total area 20,000 SF
Lot 0.21 ac (9,148 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Logistics Company

Location

124 47Th St Chicago, IL 60609
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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