9,995 Square Foot Hotel/Lodging Space For Sale @ 520 E 47th St
520 E 47th St, Chicago, IL 60653
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The Renaissance Collaborative T.
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Property Highlights
Single Room Occupancy Hotel
SRO II License from City of Chicago
68 units plus 3 retail tenants
24-hour security and staff
Historically high occupancy rate
Est. Gross Income: $345,000
This single room occupancy hotel in the Bronzeville neighborhood features 68 rentable units, some of which have en suite bathrooms. The Central Arms Hotel historically has had a high occupancy rate, benefiting from close proximity to several major transportation routes as well as a number of businesses.
Sale Price: $832,500
Size: 9,995 square feet
Type: Hotel/Lodging Space
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