342 E 71st Street, Chicago, IL

$1,200,000

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About 342 E 71st Street

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.

Features of 342 E 71st Street

MLS® # 12696374
Price $1,200,000
Bathrooms 0.00
Year Built 1915
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 342 E 71st Street
Area CHI - Greater Grand Crossing
City Chicago
County Cook
State IL
Zip Code 60619

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Central Individual, Office Only
Fireplace No
Has Basement No

Exterior

Exterior Brick, Concrete
Roof Membrane
Foundation Concrete Perimeter

Additional Information

Days on Market 10
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePOWER Realty Chicagoland,PLLC

Listing Map

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