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747 E 47th St
Chicago, IL 60653
The Shops and Lofts at 47 · Multifamily Property For Sale · 96 Units

INVESTMENT HIGHLIGHTS

  • 54,932 square-foot class A first floor retail shopping center built in 2014 with average weighted lease term of nearly 13-years.
  • 100% leased to eight tenant providing stable cash flow with strong contract rent increases providing significant NOI growth throughout hold peroid.
  • Sleek Modern design with three stories of contemporary apartments totaling 72- units.
  • Anchored by Walmart neighborhood Market, who occupies 74.5% leaseable space.
  • Located at the highly visible hard corner of E 47th St. and S Cottage Grove Ave.
  • Dense urban environment less than 5-miles from downtown Chicago with more than 600,000 people located with a 5-mile radius.

PROPERTY FACTS

No. Units 96
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 5.21 AC
Building Size 219,728 SF
No. Stories 4
Year Built 2014
Zoning PD 1095

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Ceiling Fans
  • Hardwood Floors
  • Vaulted Ceiling
  • Refrigerator
  • Range
  • Views
  • Smoke Free
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Property Manager on Site
  • Security System
  • Gas Range
  • On-Site Retail

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-10-206-044-0000
  • 20-10-206-036-0000
  • 20-10-206-043-0000
  • 20-10-206-037-0000
  • 20-10-206-042-0000
  • 20-10-206-038-0000
  • 20-10-206-039-0000
  • 20-10-206-041-0000
Land Assessment
$291,554
Improvements Assessment
$1,542,139
Total Assessment
$1,833,693
  • Listing ID: 19522701

  • Date on Market: 5/12/2020

  • Last Updated:

  • Address: 747 E 47th St, Chicago, IL 60653

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