501-505 East 47th Street, Chicago
technical data · neighborhood and transit
Quick answers
- Does 501-505 East 47th Street have open permits or code violations?
- Chicago Department of Buildings lists 22 permits, 12 not closed, and 26 violations, 18 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 501-505 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
12 permits not closed out. Unfinished permits pass to the next owner. 18 open violations.
- Permit - easy permit process May 2023
Emergency repair due to vehicle damage: rebuild store front window / door, affected masonry walls and drywall
- Permit - easy permit process Sep 2022
501-509 e. 47th street:tuckpointing - no structural work - 2500 sqft
- Permit - easy permit process Aug 2022
501-509 e. 47th st. tear off existing roofing and underlayment. replace with new torch down modified bitumen roofing
- Permit – express permit program Feb 2022Complete
Installation of low voltage burglar alarm interior work only # 404080980 job # 112408001
- Permit - easy permit process Sep 2021
Work in 1 commerical space only: replace drywall (appx 20 sheets). tile. paint. replace doors. baseboard. trim- (no electrical work under this permit)- all work same as existing
- Permit - renovation/alteration Jan 2020Complete
Renovation to separate existing tenant space with partition wall as per plans
- Permit - easy permit process Oct 2019
Tuckpoint south elevation and rear parapet wall; loose bricks; repair cornice and open mortar joints, repair 3' lintel at east elevation (wall opening to be performed on permit no. 100846143)
- Permit - easy permit process Mar 2018
Remove plumbing fixtures and water supply. clear up all plumbing violations. all work subject to field inspections. 507 1/2 e. 47th st.
- Permit – express permit program Feb 2018Complete
Conduit for camera
- Permit – express permit program Sep 2017Complete
Install electrical service
- Permit - easy permit process Mar 2017
Replace 3 compartment sink with associated piping,using existing plumbing.plumbing only,subject to field inspection.no other work under this permit.
- Permit – express permit program Jan 2016Complete
Connect electric power line for laundry machines
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
Brownfield site
1,900 ft
4958 S Forrestville Ave 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
2,050 ft
Mollison Elem School (2,050 ft), Woodson South Elem School (2,200 ft), Bronzeville Academy Charter Sch (2,350 ft). Confirm the assigned school with the district.
U.S. Department of Education, NCES
Major airport
7.3 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.
- Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.
- 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.
- Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
- Schedule a viewing on a weekday too, between 6:00 and 7:30 PM, the window when the building is busiest: neighbors, parking, elevator.
Neighborhood recommendations are derived from public OpenStreetMap data and may be incomplete. Checking in person is still what matters most.
The year built, height regime, structure, and elevator for this address are being indexed right now, city by city. Save the page and check back: it fills in over time. If you live here, you can fill it in yourself in a minute by leaving a review.