321 W 47th St Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $1,795/month
Highlights
- Balcony
- Porch
- Paved or Partially Paved Lot
About This Home
Located in the heart of Chicago's Canaryville/Back of the Yards area, this solid two-flat offers a versatile opportunity for both owner-occupants and investors alike. Whether you're looking to live in one unit while generating rental income from the other, or fully lease both units for steady cash flow, this property delivers flexibility and long-term potential. Each unit offers generous living space with separate entrances, making it ideal for multi-generational living, house hacking, or traditional investment use. The unfinished basement provides additional value-add potential and may offer the opportunity to create a duplex-down with the first-floor unit, adding even more living space and future upside. Investors will appreciate the strong rental demand and income-producing potential in this growing neighborhood. Conveniently located near public transportation, major expressways, parks and schools.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $251
Year Built
- Built in 1888 | Remodeled in 2015
Lot Details
- Lot Dimensions are 25x125
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
- No Tub in Bathroom
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Parking Available
- Off Alley Parking
- Parking Included in Price
Outdoor Features
- Balcony
- Porch
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
- Gross Income $2,000
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $251 | $12,000 | $756 | $11,244 |
| 2024 | $251 | $12,000 | $756 | $11,244 |
| 2023 | $223 | $4,500 | $1,638 | $2,862 |
| 2022 | $223 | $4,500 | $1,638 | $2,862 |
| 2021 | $236 | $4,500 | $1,638 | $2,862 |
| 2020 | $2,539 | $14,501 | $1,638 | $12,863 |
| 2019 | $3,349 | $16,668 | $1,638 | $15,030 |
| 2018 | $3,293 | $16,668 | $1,638 | $15,030 |
| 2017 | $2,134 | $9,912 | $1,512 | $8,400 |
| 2016 | $1,985 | $9,912 | $1,512 | $8,400 |
| 2015 | $1,816 | $9,912 | $1,512 | $8,400 |
| 2014 | $1,973 | $10,633 | $1,386 | $9,247 |
| 2013 | $1,934 | $10,633 | $1,386 | $9,247 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/16/2026 05/16/26 | For Sale | $320,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $40,000 | Attorney | |
| Quit Claim Deed | -- | Fidelity National Title |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12650480
APN: 20092010020000
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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