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 |
| Commercial Sub-Type | Mixed Use |
| Status | Active |
| Taxes | $31,282 |
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 |
|---|---|
| New Construction | 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
| Office | POWER Realty Chicagoland,PLLC |
|---|