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
Price:
$320,000
MLS #:
MRD12650480
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
chifullerpark
Listed Date:
Jul 27, 2026
Year Built:
1888
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Construction Materials
Vinyl Siding, Brick
Exterior Features
Balcony
Parking Features
Off Alley, Yes, Owned
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch
Roof
Asphalt
Financial
Tax Year
2023
Taxes
$251
Map
Community
- Address321 W 47th Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60609
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 06, 2026
1,355
Multi Family Listed
78
Avg DOM
$530,523
Avg List Price
Property Summary
- 321 W 47th Street Chicago IL is a Multi Family for sale in Chicago, IL, 60609. It is listed for $320,000
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Copyright 2026. All rights reserved.
321 W 47th Street
Chicago, IL


