350 E 71st ST, Chicago, IL 60619
350 E 71st ST, Chicago, IL 60619
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Sara Latta-Young

Sara Latta-Young

+1(815) 685-5090
$ 750,000
Est. payment | /mo

3,600 SqFt

Save
$ 750,000
Est. payment | /mo
Save

3,600 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $208

MLS Listing ID 12769910

Year Built 1916

Annual Tax Amount $25,301

Tax Year 2025

Lot Dimensions 0.1768

Property Sub-Type Mixed Use

Property Description

Exceptional mixed-use investment opportunity in Greater Grand Crossing! This 12-unit property features 8 residential apartments and 4 commercial spaces, providing multiple income streams in one asset. Currently, 7 of the 8 apartments are occupied at $1,000/month each, while 3 of the 4 commercial spaces are occupied and generating a combined $5,000/month. Current occupied rental income totals approximately $12,000 per month / $144,000 annually, with additional upside from the vacant apartment and commercial/restaurant space. The property offers separately metered utilities rear parking and established commercial tenants. The available restaurant space creates an opportunity for an investor to increase income through lease-up or potentially reposition the space for another permitted use. At the current $750,000 asking price, the property offers an attractive income-producing opportunity with significant value-add potential through stabilization of the remaining vacancies. Convenient South Side location with access to transportation, neighborhood businesses and major Chicago thoroughfares. Property sold as-is. Buyer to verify all information, income, expenses, zoning, permitted uses, unit count and measurements.

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shawna Jeninga of  Listing Leaders Northwest, Inc 

NEARBY PROPERTIES

Sara Latta-Young

+1(815) 685-5090

saralattayoung@gmail.com

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350 E 71st ST

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