700 E 47Th St Chicago, IL 60653
Property profile & analytics
700 E 47Th St Chicago, IL 60653
- Retail space
- 0.19 lot acres
Property ID
US28-0579057
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Healthy Hair Boutique / Hair Salon
- Prettyhairboss studios / Hair Salon
- Oddity / Clothing Store / Store
- Taqueria Varitas / Restaurant
- J.London Beauty & Body / Medical Clinic / Skin Care Clinic
Property Details for 700 E 47Th St
- Year built
- 2001
- Lot size
- 0.19 lot acres
- Property type
- Retail space
- APN
- 20-03-427-031
- APU
- 2003427031
Description
This exceptional 3,600 square foot retail strip center, built in 2004, is ideally situated on a high-traffic stretch of 47th Street in Chicago's vibrant Bronzeville neighborhood. Currently 100% occupied with a mix of established tenants including a hair salon, taqueria, and hair care business, this property offers a strong, stable income stream. The center boasts ample parking, a prominent street presence, and convenient access to public transportation. Located within a bustling commercial district, the property benefits from high daily traffic counts of 11,240 vehicles, and proximity to national retailers like McDonald's, Dollar Tree, and Family Dollar. The single-story building sits on an 11,979 square foot lot, zoned B1-1, and features a desirable storefront configuration perfect for a variety of retail uses. The asking price is $650,000, representing a price per square foot of $180.56, and a land value of $54 per square foot. 2023 property taxes totaled $29,724.74. This presents a compelling opportunity for both investors seeking a stable return and owner-users looking for a prime location in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6088
- Latitude
- 41.8098
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$28,909
$18,526
$103,650
$122,176
-
$74,104
$414,600
$488,704
