321 W 47th Street

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 321 W 47th St, Chicago, IL 60609, USA
Chicago & Midwest + Apartment Buildings
Created date: May 17, 2026
Date last updated: September 17, 2026
Price: $320,000Investment Analyzer NEW!

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $320,000
Year Built: 1888
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 2
Address: 321 W 47th Street, Chicago, IL 60609, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

15852-15856 S 51st Place

Terre Haute, Indiana
Chicago & Midwest + Apartment Buildings
Price: $19,900

2313 Polk Street NE

Minneapolis, Minnesota
Chicago & Midwest + Apartment Buildings
Price: $389,900

517 7th Street E

Hastings, Minnesota
Chicago & Midwest + Apartment Buildings
Price: $349,000

Brokers

View All

Lenders

View All