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Listing provided courtesy of RE/MAX PremierMREDas Distributed by MLSGrid- MLS# 12529659MLS Provider

1347 W 47th StreetChicago, IL 60609

Commercial · 2,400 Sq. ft.
$750,000 Active

1347 W 47th Street Overview

Time on Site:
202 days
Visits:
4

Mexican Restaurant with Bar and upscale kitchen with furniture and POS system available for purchase (Business Only). This glamorous build out was completed 2024. Seating for bar, high tops and booths & Hi def Televisions for watching sporting events and additional side for carry out orders. Great location on main bus line and off another for excellent access and shopping in area with high visibility. Liquor license comes with the business.

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1347 W 47th Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,400
  • Price/Sq.ft. $312

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Operating Expense: 0

Business Information

  • Business Type: Bar/Tavern/Lounge,Restaurant

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - New City

Rent/Lease Information

  • Lease Expiration: 2007-04-23
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs, Scavenger, Sewer, Gas

Tax Information

  • Tax Annual Amount: $4,358.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20081000130000
  • Property Type: Business Opportunity

Interior

Building Interior

  • Building Area Total: 2400

General Information

  • Cooling: Central Air, Exhaust Fan
  • Stories: 1

Unit Information

  • Unit SqFt.: 2400

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 50x150
  • Lot Size Square Feet: 7500

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

1347 W 47th Street Neighborhood

Community

60609 (Chicago) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1347 W 47th Street Monthly Cost

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$ %
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1347 W 47th Street Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

1347 W 47th Street History

Date Event Value Agent
2/11/2026Source: MRED Status Change
Active
2/6/2026Source: MRED Price Reduction
$750,000 -37.5%
2/6/2026Source: MRED Status Change
Price Change
12/14/2025Source: MRED Status Change
Active
12/9/2025Source: MRED Added to Database
December 09, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022