AbodeABODE

1501 W 47th Street

Chicago, IL 60609

1501 W 47th Street, Chicago, IL 60609 — exterior front view
1501 W 47th Street, Chicago, IL 60609 — exterior view
1501 W 47th Street, Chicago, IL 60609 — exterior view

1501 W 47th Street

Chicago, IL

$379,999

ActiveMLS #MRD12561001

1501 W 47th Street

Chicago, IL 60609

$379,999

Reduced $20,000

List Price

Studio

Layout

About This Property

Exceptional mixed-use investment opportunity in the rapidly developing New City neighborhood, just steps from 47th Street and Laflin Avenue. Positioned on a prime corner lot, this property is best positioned as a three-unit building with significant value-add potential, making it ideal for investors or owner-occupants seeking long-term growth. Currently configured as three income-producing units, the building offers a flexible layout that blends commercial and residential uses. The highly vis...

Property Details

Key Facts

Overview
Property TypeCommercial Sale
BedroomsStudio
Days on Market164
Building
StyleMixed Use
Year Built1933
Lot Size25X125
CountyCook
CoolingWindow Unit(s)
FlooringCarpet, Concrete, Tile, Vinyl
ExteriorBrick
Lot Dimensions25X125
MLS #MRD12561001
Days on Market164
List DateFebruary 4, 2026
StatusActive
Annual Taxes$2,212
Listing Courtesy OfCity Living Realty Inc.

Price reduced

$379,999

$20,000

Jul 2, 2026

Price increased

$399,999

+$1,000

Mar 30, 2026

Price reduced

$398,999

$1,000

Mar 26, 2026

Listed for sale

MLS #MRD12561001

$399,999

Feb 4, 2026

Mortgage Estimate

$2,106

/month
Principal & Interest
$1,921
Property Taxes
$184
20% · $76,000
6.5%

Location

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1501 W 47th Street, Chicago, IL 60609

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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.

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