747 E 47th St | Chicago, IL 60653
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- LoopNet Team
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 | Lot Size | 5.21 AC |
| Property Type | Multifamily | Building Size | 219,728 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2014 |
| Building Class | B | ||
| Zoning | PD 1095 | ||
| 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
| Parcel Numbers | Improvements Assessment | $1,542,139 | |
| Land Assessment | $291,554 | Total Assessment | $1,833,693 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$291,554
Improvements Assessment
$1,542,139
Total Assessment
$1,833,693
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