607 E 47th St, Chicago, IL

Listing description

What the seller provided

City-owned lot in Chicago (Grand Boulevard, Ward 4), offered for sale by the City through ChiBlockBuilder. 2,991 sq ft lot (city estimate). Zoned B1-1. Assessed land value $56,827 as of 2026-10-01 (not an asking price). Applications open 2026-10-01 and close 2026-11-16 (Q4 2026 offer round) for Mixed-use development; sold as part of the 601-609 E. 47th St group. The city sets the price by program and property.

How this sale works

Land bank or city-owned property sale

A public land bank or city agency is disposing of property it already holds, usually acquired through tax foreclosure. Prices are set or negotiated rather than auctioned.

• Many programs sell by application or fixed price and may require a rehab plan, owner-occupancy or a deadline to build.
• Title is generally cleared by the land bank, which is a major advantage over a tax sale.
• Expect program eligibility rules, and sometimes a preference for neighbors, nonprofits or first-time buyers.

How to buy government surplus land and lots →

General information, not legal advice. The official sale notice controls.

Research this property

Look it up before you bid

The public notice gives an address and a date. These outside tools fill in what it does not.

Record details

Lot size

2,991 sq ft

Zoning

B1-1

Ward

4

PIN

20-10-203-002-0000

ZIP

00000

Street address

607 E 47th St

Assessed land value

$56,827

Apply online

cocdpd.submittable.com/submit/5dfab578-6c8e-4931-8548-3191503c52c0/chiblockbuilder-2026 ↗

Application deadline

Nov 16, 2026

Application opens

Oct 1, 2026

Application use

Mixed-use development

Community area

Grand Boulevard

Community area number

38

Grouped parcels

601-609 E. 47th St

Last listed

Sep 28, 2026

Managing organization

DPD Planning

Offer round

Q4 2026

Property status

Owned by City

Sale offering reason

E

Sale offering status

Environmental Review Disclaimer

Sales status

Apply

Times listed

1

Valuation date

Oct 1, 2026