About This Home
This 0-bedroom, 0-bathroom commercial at 342 E 71st Street in Chicago, IL is listed for $1,135,000. Built in 1915, on a 0.17 acres lot.
Key Features
- Built in 1915
- 0.17 acre lot
- 3 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$6,070/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
342 E 71st Street
Chicago, IL 60619
Property Details
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 342 E 71st Street is listed at $1,135,000. The estimated monthly payment is $6,070 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1915, 0.17 acre lot, 3 stories.
This property is listed by Karmen Spears and can be reached at (708) 466-9128.
