314-318 East 47th Street, Chicago
technical data · neighborhood and transit
Quick answers
- Does 314-318 East 47th Street have open permits or code violations?
- Chicago Department of Buildings lists 7 permits, 5 not closed, and 48 violations, 6 open.
- What is the 2026 conforming loan limit in Cook County?
- $832,750 for a single-unit home, per FHFA. Larger loans are jumbo loans.
- Is radon a problem here?
- EPA radon zone 2, moderate potential.
- What natural disasters is 314-318 East 47th Street at risk for?
- FEMA's National Risk Index rates the area relatively low overall, with elevated cold wave risk.
Permits and code violations
5 permits not closed out. Unfinished permits pass to the next owner. 6 open violations.
- Permit - easy permit process Jul 2023
Correct all plumbing code violations.. repair and replace all d,w,v and water piping associated with repairs. work subject to inspection.
- Permit – express permit program Jul 2023Complete
Repair electrical violations
- Permit - easy permit process Dec 2019
Replace laminate flooring and installing show casing (no changes to floor layout, no m.e.p.)
- Permit - signs May 2016
Install a store front sign at 312 east 47th st
- Permit - renovation/alteration Oct 2014Complete
Tenant build out expand exist. grocery store w/ cooking facility- 316 east 47th street
- Permit - easy permit process Mar 2011
Plumbing work in existing space for deli-piping diagrams to be on jobsite
- Permit - signs Mar 2006
(non-illuminated) sign above store front 387037
Chicago Department of Buildings
Safety and environment
FEMA natural hazard risk
Relatively Low
Highest for this area: cold wave. These drive insurance cost here.
FEMA National Risk Index, census tract
Leaking fuel tanks
2 within 1,650 ft
Nearest: Marathon Gas Station, 4654 South Wabash Avenue (1,550 ft), open. 2 still open. Ask whether groundwater or soil vapor testing was done.
EPA UST Finder, leaking underground storage tank releases
Brownfield site
2,550 ft
510 E 50th St and 1 more within half a mile. Former industrial land in EPA's cleanup and reuse program.
EPA ACRES Brownfields
Radon potential
Moderate
Average indoor levels of 2 to 4 pCi/L. EPA still suggests testing ground-floor and basement units.
EPA and USGS Geologic Radon Potential Map
Nearest public schools
2,000 ft
Mollison Elem School (2,000 ft), Beethoven Elem School (2,350 ft), Williams Medical Prep High Sch (2,350 ft). Confirm the assigned school with the district.
U.S. Department of Education, NCES
Major airport
7.1 mi
Chicago Midway (MDW). Aircraft may be audible under approach paths.
FAA large-hub airports
Sinkhole-prone ground
Limestone karst
The bedrock here (dolostone (dolomite), Silurian) can dissolve and open sinkholes. Ask for a geotechnical report and check whether sinkhole coverage is in the insurance policy.
USGS Karst in the United States (OFR 2014-1156)
Conforming loan limit 2026
$832,750
Cook County. Mortgages up to this amount qualify for Fannie Mae and Freddie Mac pricing. Above it, the loan is a jumbo with stricter terms.
FHFA Conforming Loan Limit Values, one-unit
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Who lives and works in Chicago
Trading floors, logistics and the deepest architecture stock in America
Chicago carries a full corporate economy at a price the coasts do not match. Neighborhoods are distinct and walkable, two and three flats are everywhere, and the Loop still sets the commute for finance, law and consulting.
- $71,673
- median household income
- 18.9%
- residents aged 25 to 34
- 45%
- households that own their home
What pays the bills
- Finance and trading
- Logistics and rail
- Law and consulting
- Healthcare
- Manufacturing
Who anchors the economy
CME Group · Boeing suppliers · University of Chicago · Northwestern Medicine · United Airlines
The market is shaped around
- Young professionals
- Families buying space
- Two and three flat owners
More on East 47th Street
All addressesViewing recommendations
What's worth checking in person before deciding.
- Test water pressure and temperature at the tap, in the bathroom and kitchen, for at least a minute.
- Schedule a viewing on a weekday too, between 6:00 and 7:30 PM, the window when the building is busiest: neighbors, parking, elevator.
- Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
- Ask for the latest maintenance bill from a winter month, not a summer one: that's where the real cost of living there shows up.
- Ask specifically where you'd park: is there paid city parking, who currently holds it, what the permit costs, and how long the waitlist is.
- Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.
Neighborhood recommendations are derived from public OpenStreetMap data and may be incomplete. Checking in person is still what matters most.
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