350 E 71st Street
Chicago, IL, 60619
$750,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12769910 image #0
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.

Property Details

Price:
$750,000
MLS #:
MRD12769910
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chigreatergrandcrossing
Listed Date:
Sep 28, 2026
Total Sq Ft:
3,600
Year Built:
1916
Chi – Greater Grand CrossingChigreatergrandcrossing

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Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
3

Financial

Net Operating Income
$66,000
Tax Year
2025
Taxes
$25,301

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 07, 2026
890
Commercial Listed
184
Avg DOM
$1,020,749
Avg List Price

Property Summary

    350 E 71st Street Chicago IL is a Commercial for sale in Chicago, IL, 60619. It is listed for $750,000

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