520 E 47th St - Hospitality FOR SALE
Chicago, IL 60653 |
520 E 47th St
Chicago, IL 60653
HIGHLIGHTS
- Versatile three-story 62 unit single-room occupancy hotel with three retail storefronts.
- In Bronzeville, one of Chicago’s hottest southside neighborhoods experiencing million-dollar development and rehabilitation of older properties.
- Value-add investment opportunity to turn SRO hotel into a cash-flowing asset or to redevelop into a new mixed-use development.
- Within a two-mile radius of national and regional retailers, major fast-food chains, local restaurants, and convenient amenities.
- Located just 15 minutes from Downtown Chicago with easy access to several major transportation routes.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Central Arms Hotel | Hospitality and Retail
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
11358
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1909
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C
APN/PARCEL ID
20-03-424-021-0000
