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$ 395,000
Est. payment /mo
Active Under Contract
3121 W 71st ST Chicago, IL 60629
8,864 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,864 sqft
Price per Sqft $44
MLS Listing ID 12468108
Year Built 1959
Annual Tax Amount $4,008
Tax Year 2023
Lot Dimensions 60x264
Property Sub-Type Mixed Use
Property Description
Prime mixed-use opportunity directly across from Marquette Park! This well-maintained building offers approximately 4,500 SF of ground-floor retail/office space, easily divisible into two separate units. The upper level features three residential apartments currently generating $4,000/month in rental income, providing immediate cash flow. Additional highlights include two, 2-car garages on site and B1-1 zoning, offering flexibility for a variety of business and investment uses. Perfect for an owner-user looking to operate their business on the ground floor while offsetting expenses with rental income, or for an investor seeking a stable, income-producing asset in a strong neighborhood location. With high visibility, strong foot and vehicle traffic, and a prime location across from the 318-acre Marquette Park, this property offers a unique blend of business potential and long-term investment upside.
Location
State IL
County Cook
Area Chi - Chicago Lawn
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Sean Wagner of Millennium Properties RE, Inc.
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