1 year on rocket

121 E 47th St, Chicago, IL, 60653

$650,000

Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #11409973
StatusActive

About 121 E 47th St

This is a rare opportunity to own seven (7) contiguous lots in the hot Bronzeville area at the southwest corner of 47th and Indiana. The lot measures at 110' x 161.70' x 110' x 161.70' which equates to 17,787 square feet. This is a B3-3 zoning. All plans and permits are included with this sale.

Property Details

Property Features

Listing Office:

  • Office Name: Peter Drossos Real Estate
  • Office Phone: (773) 593-5626
  • Listing Agent: Peter Drossos

School Info

Assigned Schools Information:

  • Phillips Academy High School, Public District Grades 9-12
  • Mollison Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Please drive by at the southwest east corner of 47th and Indiana.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
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Housing Market Comparison

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Chicago, IL

City

Med. Sold Price

$346.4K

Med. Price/SqFt

$246

Avg. Days On Market

40

# of Sold Homes

1846

121 E 47th St vs Chicago

705 DAYS ON ROCKET

+665 Days

$650,000

+$303.5K More

KEY TAKEAWAY

This property is $303.5K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11409973

Listing Office:

  • Office Name: Peter Drossos Real Estate
  • Office Phone: (773) 593-5626
  • Listing Agent: Peter Drossos

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2024, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2698200
2
/10

  • Mollison Elementary School

  • 4415 South Dr Martin L King Jr

  • 0.48 miles

  • Public District Grades PK-8

High School

school-card-donut-2698201
1
/10

  • Phillips Academy High School

  • 244 E Pershing Rd

  • 1.06 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,134. Residents of Chicago, IL typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In South Side, Chicago

What type of housing is available in South Side, Chicago?

Small apartment buildings are the most common housing type, representing roughly one third of buildings in South Side, whereas the rest are mainly large apartment buildings, duplexes, and single detached homes. This area has a good selection of housing size options, ranging from lofts to four or more bedrooms. Roughly 70% of the population of this community rent their home and 30% are owners. This part of the city experienced its largest building boom before the 1960s, so most of the available properties are from this time period.

Is South Side, Chicago a good place to live?

South Side offers a vast selection of green spaces to enjoy, despite its sometimes busy ambience. There are over 50 parks nearby for residents to visit, like Dunbar Park and Palmisano Park, making it very easy to reach them. Lastly, a large number of parts of this community are very calm and quiet, but some other sections can be noisy, especially close to Interstate 55, Dan Ryan Expressway or one of the railway lines.

Are things conveniently located in South Side, Chicago?

Home buyers in South Side will welcome that a grocery store is always only a very short walk away. Additionally, this area is a good place in which to go out to eat, and residents are served by over 50 cafes as well. Residents can find a good number of nearby clothing stores. Regarding education, property owners will value the proximity to primary as well as high schools, which are within walking distance from most houses for sale in South Side. Besides public schools, there are private elementary and secondary schools.

What does the transportation in South Side, Chicago look like?

South Side will attract homeowners that value different methods of transportation. Traveling on foot is very feasible for residents in this area; meeting daily needs is straightforward, and a good number of businesses of different types can be found as well. The public transit service in South Side is very good by reason of many rapid transit stations on the Red Line, Orange Line and Green Line, and around 30 nearby bus lines. This part of Chicago is also car friendly. It is easy to park, and nearby highways, such as Stevenson Expressway, are very easy to access from anywhere in this community.

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Frequently Asked Questions About 121 E 47th St

What is the listing price of this property?

The listing price of 121 E 47th St property is $650,000.

What type of property is this?

The property 121 E 47th St is land located in Chicago, Illinois, 60653.

Is this property for sale now?

Active Listing: 121 E 47th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 121 E 47th St are:
Mollison Elementary School: GreatSchools Rating 2/10
Phillips Academy High School: GreatSchools Rating 1/10
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Rocket Homes›Illinois›Cook County›Chicago›60653›121 E 47th St

This home is located at 121 E 47th St in Chicago, IL and zip code 60653 in the South Side neighborhood. It has been listed on Rocket Homes since May 20, 2022 and is currently priced at $650,000.

In March 2024 more than 612 listings in Chicago, IL were sold above the asking price. During the same period more than 317 listings were sold at asking price, while more than 916 were sold below. The number of homes for sale in Chicago, IL increased by 21.5% between February 2024 and March 2024. In March 2024 median list price was $346,470 and the average listing age was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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