Katelyn Cooper
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Massive 5,780 sq ft mixed-use building ideally located on busy, high-traffic 47th St in Canaryville. This versatile property offers exceptional visibility and endless potential for investors or owner-operators alike. The 1st floor features an expansive 2,742 sq ft commercial storefront with impressive 13-ft ceilings, creating a bright and open workspace ideal for a variety of business uses. The space is currently configured as a hardware store for retail, but would also be perfect for mechanical shops, restaurant, cafe, showroom, or many other commercial opportunities. Attached to the storefront is a newer oversized brick 2-car garage, providing additional storage and functionality. The 2nd and 3rd floors offer large, light-filled residential living with approximately 1,500+ sq ft, featuring 3 bedrooms and 1.1 baths. The units include an expansive living room with fireplace, formal dining room, large kitchen, generously-sized bedrooms with ample closet space, private balcony, and rear deck access. Additional highlights include hardwood flooring, exposed brick accents, high ceilings, in-unit washer/dryer, and central heat/air conditioning, blending character and comfort throughout. Plenty of parking - 7 outdoor parking spaces in addition to the 2-car garage. Separate gas and electric meters add convenience for multi-tenant or mixed-use ownership. Excellent location with easy access to I-90/94 and close proximity to downtown, Chinatown, the lakefront, major commercial corridors, new developments, and more. Outstanding investment opportunity with strong income and redevelopment potential! Sold as-is.
Property Highlights
Property Type: Commercial - Retail
Building Description: 3.0 stories
Year Built: 1893
General Information
County: Cook
Listed By:
Century 21 S.G.R., Inc.
312-326-2121
MRED MLS
MLS ID: 12655207
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601 W 47th Street, Chicago, IL 60609.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $615,000 | $615,000 | $615,000 |
| Down Payment | $123,000 | $21,525 | $153,750 |
| Monthly Mortgage Amount | $3,029 | $3,669 | $3,830 |
| Taxes | $856 | $856 | $856 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $271 | $0 |
| Monthly Estimated Total | $4,064 | $4,975 | $4,865 |
Katelyn Cooper
REALTOR®
Cell: (563) 449-6075
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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