1 /
11
Map
$914,663*
●
Commercial -
Off Market
706 E 47th Street
Chicago, IL 60653
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Commercial
Loft
-
15,000 ft²
$53/ft²
$799,000
Apr 20, 2023
-
$2,283/mo
In Contract
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 |
---|---|---|---|---|---|---|---|---|
10/01/2022
|
|
Loft
|
-
|
15000 ft²
|
$1,200,000
Loft
-
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