321 W 47th Street, Chicago, IL 60609

Chicago
Local realty services provided by:ERA Naper Realty
321 W 47th Street,Chicago, IL 60609
$320,000
  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tiffany martinez
Office: north clybourn group, inc.
MLS#:12650480
Source:MLSNI

Price summary

  • Price:$320,000

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.

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Home facts

  • Year built:1888
  • Listing ID #:12650480
  • Updated:September 30, 2026 at 11:46 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:4
  • Bathrooms Description:No Tub
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1888
  • Exterior Features:Balcony

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$320,000
  • Tax amount:$251 (2023)

Parking

  • Total parking spaces:2
  • Parking description:Off Alley
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