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
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
Tax Year
2025
Taxes
$25,301
Map
Community
- Address350 E 71st Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60619
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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Copyright 2026. All rights reserved.
350 E 71st Street
Chicago, IL


