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342 E 71st Street Chicago, IL 60619

$1,200,000
New / MLS# 12696374 / Commercial - Retail / Chicago
0 Beds

Exceptional Mixed-Use Investment Opportunity! This rare package includes two modern buildings being sold together, offering a total of 10 residential units and 4 commercial storefronts in a prime, income-producing location. 342-348 E. 71st, features four retail storefronts and four spacious 2-bedroom apartments, while 7051 S. Calumet Avenue is a three-story, six-unit apartment building, with all six units offering 2-bedroom layouts. Additional improvements include a partial roof replacement in 2024 on 342-348 E 71st, along with updated electrical and copper plumbing in 2020. The residential units are highly desirable 2-bedroom layouts, and the commercial component provides diversified income with additional upside potential. Whether you're expanding your portfolio or completing a 1031 exchange, this turnkey mixed-use investment offers strong cash flow, multiple revenue streams, and long-term appreciation potential.

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Baird & Warner Laura Smith Agent Cell: 312.343.3289 Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air, Central Individual, Office Only
Lot Size: 0.17 Acres
Roof Type: Membrane
Stories: 3.0
Taxes: $31,281
Year Built: 1915

Feature Descriptions

Current Use: Commercial
Electric: Circuit Breakers
Exterior: Brick, Concrete
Fire Protection: Fire Extinguisher/s
Foundation: Concrete Perimeter
HVAC: Central Heat/Indiv Controls, Forced Air, Gas, None
Lot Dimensions: 100 X 75
Number of Tenant(s): 14
Parcel#: 20223260160000
Parking: Other
Potential Use: Multi-Family, Retail
Tenant Pays: Air Conditioning, Electricity, Heat, Other
Units: 14

Location

See details and scored characteristics about this location.

Listing Office: POWER Realty Chicagoland,PLLC

Listing Office Phone: 773-446-7708



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