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Listing provided courtesy of Aria Real EstateMREDas Distributed by MLSGrid- MLS# 12584354MLS Provider

2427 W 47th StreetChicago, IL 60632

Commercial · 4,020 Sq. ft.
$720,000 Active

2427 W 47th Street Overview

Time on Site:
115 days
Visits:
1

Rare opportunity to acquire a well-established tire and automotive service business with real estate included located at 2427 W 47th St. This long-standing neighborhood shop has been successfully operating for over 30 years, building a loyal customer base and strong reputation within the local community. The property consists of approximately 6,200 square feet and features two service bays, providing ample workspace for tire installation, repairs, storage, and additional automotive services. The building sits on a highly visible commercial corridor with consistent daily traffic, offering excellent exposure for continued business growth. This business is an attractive opportunity for an owner-operator seeking immediate cash flow or an automotive operator looking to expand their footprint in Chicago. This offering includes both the operating business and the underlying real estate, providing long-term investment value and eliminating the risk of leasing.

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2427 W 47th Street Facts & Features

  • Type Commercial
  • Sq. ft. 4,020
  • Price/Sq.ft. $179

Details

General

Income/Expenses

  • Operating Expense: 123600

Business Information

  • Business Type: Auto Service

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Brighton Park

Tax Information

  • Tax Annual Amount: $10,924.00
  • Tax Year: 2023

General Information

  • Parcel Number: 19122060080000
  • Property Type: Business Opportunity
  • Zoning: OTHER

Interior

Building Interior

  • Building Area Total: 4020

General Information

  • Cooling: None
  • Stories: 2

Unit Information

  • Unit SqFt.: 6200

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 6200
  • Lot Size Square Feet: 6200

2427 W 47th Street Neighborhood

Community

60632 (Chicago) Demographics

31
Median Age
11,593
Population Density (per sq. mile)
16%
College Educated
$46,937
Estimated Median Income
13,824
Estimated Total Home Owners
11,346
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2427 W 47th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2427 W 47th Street Market Data

Based on the last 30 days in this zip code

$356,042
Average List Price
$254
Average Price per Square Foot
16
Properties Sold
60
Average Days on Market
48
Properties for Sale
Calculations provided by Reliance Network

2427 W 47th Street History

Date Event Value Agent
3/11/2026Source: MRED Status Change
Active
3/6/2026Source: MRED Added to Database
March 06, 2026