321 W 47th Street, Chicago IL 60609
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.
Features & Information
Key Details
- List Price $320,000
- Property Taxes $251
- Year Built 1888
- Status Active
- List Market Time 73
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances None
- Rent $1,000/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 2026
-
Unit 2
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances None
- Rent $1,000/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 2026
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property East/west On 47th St. To Property
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 251
- Tax Year 2023
- Tax Exemptions Homeowner
- Parcel Identification Number 20092010020000
Listed by Tiffany Martinez for North Clybourn Group, Inc. | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/14/2026 10:32 AM. 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.
Explore Fuller Park
Fuller Park is a slender 15-block south side community that hugs the west side of the Dan Ryan Expressway between Pershing Road and Garfield Boulevard. The neighborhood is named after Melville Fuller, a Chicago resident who served as the Chief Justice of the United States between 1888 and 1910. But the area's history is only the base on which this stretching neighborhood was built. Today Fuller Park inhabitants enjoy recreational community programs and activities offered at the namesake park. When the weather is nice, the outdoor baseball fields, tennis courts, playground, and kiddie spraypool are always in use. But for the winter months, the indoor gymnasium is in full swing, keeping everyone active throughout the hibernation season.
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