Address
1501 W 47th Street, Chicago, IL
Price
$ 389,999
Property Attributes
- MLS#11875320
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - New City
- Zip60609
- Style
- Year Built1935
- Taxes$ 2211
- Price$ 389,999
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.071878 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Nestled at the bustling crossroads of 47th Street and Laflin Avenue, this MASSIVE BUILDING unveils a world of possibilities in a prime corner location. A versatile mixed-use gem, it seamlessly blends the best of commercial and residential living, making it an enticing prospect for the savvy investor. The property's charm is evident from the outset, with a spacious storefront that stands ready to accommodate an array of business ventures. Positioned strategically at a corner, it enjoys a high-visibility presence, drawing attention from the steady stream of passersby. Moving beyond the commercial aspect, the true essence of this property comes to life in the MASSIVE apartment at the rear - it's like a single-family home, boasting a bit over 1,600 square feet of living space. With three generously sized bedrooms and two full bathrooms, it offers an unparalleled haven of comfort. The separate kitchen, formal living room, family room, and huge dining room exude an air of sophistication and cater to various lifestyle needs. Descend to the basement, and you'll find a space brimming with potential. While currently unfinished, its impressive size and well-maintained condition present a blank canvas for creative transformation. What sets this property apart is its rich history and cherished ownership. With over two decades of family stewardship, it has been thoughtfully and lovingly maintained. Now, it stands ready to welcome a new chapter, offering the perfect opportunity to continue its legacy while creating something uniquely yours. Seize the chance to be a part of this remarkable narrative and make your mark on this cherished corner.
| Price History | |
|---|---|
| 9/1/2023 | Listed $400,000 |
| 10/3/2023 | 3% - $389,999 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Possession | Closing |
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1935 |
| Electric | Other |
| Stories | 1 |
| Property SubType | Apts/Stores |
| Tax Year | 2021 |
| County | Cook |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Possible Use | Commercial,Retail |
| Status | Contingent |
| Directions | 47 Street to Laflin North to Property |
| City | Chicago |
| NumberOfUnitsTotal | 2 |
| MLS Area | CHI - New City |
| Lot Size Square Feet | 3131 |
| Street Name | 47th |
| Tax Annual Amount | 2211.82 |
| Additional Parcels Y/N | No |
| Days on Market | 242 |
| Lease Type | N/A |
| Standard Status | Active Under Contract |
| Property Type | Mixed Use |
Interior Features
| Flooring | Carpet,Concrete,Tile,Vinyl |
|---|---|
| Street Suffix | Street |
Exterior Features
| Lot Dimensions | 25X125 |
|---|---|
| Frontage Type | City Street,Public Road,Signal Intersection |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60609
Price
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of June 17, 2024 3:35 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of June 17, 2024 3:35 PM UTC
