See Home Value
$914,663*
Commercial - Off Market

706 E 47th Street

Chicago, IL 60653
bedrooms
Studio
bathrooms
0 Bath
square feet
15000 Sqft
$810,000 - $988,000
Reference Base Price*
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

The Sydni Building is a 15,000 sq. ft. totally gutted brick structure with concrete floors on the 1st level and wood floors on the 2nd level. The 1st level concrete was a total demo replaced with CA6 & CA7 limestone, compacted, vapor barrier, wire mesh, 5/8" rebar and 5-6" concrete pour. There is a partial sub-basement at the rear of the building. The structure is supported by timber beams and columns. The interior walls are currently exposed brick which have been sandblasted and tuck-pointed. The 2nd level is an open bow truss design with an average 12 ft. ceiling supported with arched wood trusses. The ceiling height for the 1st floor is also approximately 12 ft. The 1st floor has a large dock with an overhead service door in the rear of the building off the alley.  There are plans for 15 parking spaces in the vacant lot behind the building. Some of the extensive work has already been completed.  All new underground sewer and plumbing work has been recently installed with 6 futures installed placed down middle of building for additional tentative sewer/plumbing lines to be placed. Bathrooms are plumbed on the 1st floor; both the 1st & 2nd floor bathrooms are studded. In addition, the building's interior brick walls & ceiling timbers have been repaired, power washed, & tuck-pointed.  The roof has been repaired & sealed.  The stairwell shafts have been rebuilt, and the elevator shaft has been repaired ready for the elevator mechanicals to be installed. The owner is willing to negotiate the inclusion of their city-approved, permitted & stamped architectural plans. That could save the buyer time & dollars without having to begin their design & drawings from scratch. This building has an extremely rich history of the 708 Blues Club site. Many past musical greats like Muddy Waters, Buddy Guy, others are linked to the site. If you are looking to use this for entertainment, this location is ideal for your project.

The manager has listed the unit size as 15000 square feet.
Unit Size
15,000Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$60
Property Type
Commercial
Property Taxes
$2,523
HOA Dues
-
Year Built
1911

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold $1,048,000
Sold
Apr 7, 2023 No longer available -
No longer available
Dec 10, 2022 Price Decreased $899,000
↓ $301K (25.1%)
Price Decreased
Oct 1, 2022 Listed $1,200,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
15,000 ft²
$53/ft²
$799,000 Apr 20, 2023
-
$2,283/mo
House
3 Beds
3.5 Baths
3,500 ft²
$225/ft²
$789,000 May 15, 2023
-
-
House
3 Beds
3.5 Baths
3,500 ft²
$225/ft²
$789,000 Apr 14, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221001
10/01/2022
Loft
-
15000 ft²
$1,200,000
bedrooms
Loft
bathrooms
-
square feet
15000 ft²
-
-
-
Sarah Ware
Ware Realty Group, LLC

Building Info

706 East 47th Street 706 East 47th Street, Chicago, IL 60653
  • 1 Unit for Sale
More about this Building
706 East 47th Street
Want to find out who owns 706 East 47th Street, Chicago, IL 60653? Get detailed property transactions here .

About South Side


Similar Homes for Sale

Unit for sale at 4535 South Evans Avenue, Chicago, IL 60653

$789,000

  • 3 Beds
  • 3.5 Baths
  • 3,500 ft²
4535 South Evans Avenue, Chicago, IL 60653 Listing by Joanna Olszynska

Nearby Rentals

Unit for rent at 1418 E 48th Street, Chicago, IL, 60615

$4,000 /mo

  • 5 Beds
  • 2.5 Baths
  • 2,625 ft²
1418 E 48th Street, Chicago, IL, 60615 Listing by Ryan Casper
Unit for rent at 1616 E 56th Street, Chicago, IL

$5,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,872 ft²
1616 E 56th Street, Chicago, IL
Unit for rent at 6227 S Ellis Avenue, Chicago, IL, 60637

$4,500 /mo

  • 4 Beds
  • 3.5 Baths
6227 S Ellis Avenue #B, Chicago, IL, 60637 Listing by Joanna Olszynska


Quantcast