520 E 47th St | Chicago, IL 60653
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- LoopNet Team
520 E 47th St
Chicago, IL 60653
Central Arms Hotel | Hospitality and Retail · Hospitality Property For Sale
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11,358 SF
INVESTMENT HIGHLIGHTS
- Versatile three-story 62 unit single-room occupancy hotel with three retail storefronts.
- Value-add investment opportunity to turn SRO hotel into a cash-flowing asset or to redevelop into a new mixed-use development.
- Located just 15 minutes from Downtown Chicago with easy access to several major transportation routes.
- In Bronzeville, one of Chicago’s hottest southside neighborhoods experiencing million-dollar development and rehabilitation of older properties.
- Within a two-mile radius of national and regional retailers, major fast-food chains, local restaurants, and convenient amenities.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 11,358 SF |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1909/2013 |
| Lot Size | 0.11 AC | Corridor | Interior |
| Zoning | C - Commercial Hotel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 11,358 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1909/2013 |
| Corridor | Interior |
| Zoning | C - Commercial Hotel |
PROPERTY TAXES
| Parcel Number | 20-03-424-021-0000 | Improvements Assessment | $99,925 |
| Land Assessment | $29,063 | Total Assessment | $128,988 |
PROPERTY TAXES
Parcel Number
20-03-424-021-0000
Land Assessment
$29,063
Improvements Assessment
$99,925
Total Assessment
$128,988
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