706 East 47th Street

706 East 47th Street in Chicago, IL was first built in 1911 and is 113 years old. This has been categorized as a commercial property type. There are a total of 2 floors. In total, the area measurement of the land is 7,650 square feet.

Learn more about the property and building on this page. The property was last sold in Aug 26, 2023 for $1,048,000. That's $154.12 per sqft. Prior to that sales transaction, the property was also sold in Dec 16, 2003 for $400,000. 706 East 47th Street was last assessed in 2023. The total value of the property was assessed at $177,512. Specifically, the land the property is located on was valued at $17,213. While improvements on the property were assessed at a total of $160,299. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $42,002. The initial tax year of delinquency was in 2021. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.