342 E 71st St - Apartments FOR SALE


Chicago, IL 60619- Greater Grand Crossing
$1,200,000 USD
708-466-9128
342 E 71st St, Chicago, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/17
null | 8.63% Cap Rate

342 E 71st St
Chicago, IL 60619
Greater Grand Crossing


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

14

PRICE/UNIT

$85,714

CAP RATE

8.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B4-4, Chicago

APN/PARCEL ID

20-22-326-016-0000

ASK ABOUT THIS PROPERTY

Karmen SpearsPOWER Realty ChicagolandMore Info
708-466-9128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Karmen SpearsPOWER Realty ChicagolandMore Info
708-466-9128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.