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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 1,135,000

Est. payment | -/mo

Save

$ 1,135,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12696374

Year Built 1915

Annual Tax Amount $31,281

Tax Year 2024

Lot Dimensions 100 X 75

Property Sub-Type Mixed Use

Property Description

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.

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Zoning OTHER

Interior

Cooling Central Air, Central Individual, Office Only

Fireplace N

Exterior

Roof Type Membrane

Building

Dwelling Type Mixed Use

Structure Type Brick,Concrete

Listed by Karmen Spears of POWER Realty Chicagoland,PLLC

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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342 E 71st ST Chicago, IL 60619