321 W 47th St, Chicago, IL, 60609
About This Home
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.
Getting Around
Somewhat Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1888
Materials
- Roof: Asphalt
- Construction materials: Vinyl Siding,Brick
Notable Dates
- Major remodel year: 2015
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished,Full,Walk-Out Access
Bathroom
- Features: No Tub
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heating features: Natural Gas
Property
Details
- Parcel number: 20092010020000
- Special condition: None
Features
- Patio & porch: Porch
- Exterior features: Balcony
Lot
- Lot size: 3,125 sqft
- Lot size dimensions: 25X125
Parking
- Total spaces: 2
- Parking features: Off Alley,Yes,Owned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,618 | $19,416 |
| Home Insurance * | $262 | $3,144 |
| Property Taxes | $461 | $5,532 |
| Electricity | $130 | $1,569 |
| Total | $2,471 | $29,652 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-16 | Listed for sale | $320,000 |
| 2017-07-07 | Sold | $40,000 |
| 2017-05-30 | Pending sale | $50,000 |
| 2017-04-18 | Price change | $50,000 |
| 2017-03-13 | Price change | $65,000 |
| 2017-01-27 | Price change | $70,000 |
| 2017-01-19 | Listed for sale | $82,000 |
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