# 342 E 71st Street, Chicago, IL 60619

> **TL;DR:** commercial, $1,135,000, built 1915.
> A/C. Est. $6,070/mo. Listed 84 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,135,000 |
| Year Built | 1915 |
| Lot Size | 7,501 sqft (0.17 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 84 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,739 |
| Estimated Insurance | $331 |
| **Total** | **$6,070** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1915
- 0.17 acre lot
- 3 stories

## Description

### Agent Description
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.

## Location

- **Address:** 342 E 71st Street, Chicago, IL 60619
- **County:** Cook
- **Coordinates:** 41.765882, -87.616699
- **Google Maps:** https://www.google.com/maps?q=41.765882,-87.616699

## Listing Agent

- **Name:** Karmen Spears
- **Brokerage:** POWER REALTY CHICAGOLAND PLLC
- **Phone:** (708) 466-9128
- **Broker Phone:** (708) 466-9128
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/MREDIL/12696374/?channel=propsimple)

## Photos

![342 E 71st Street - Photo 1](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1807293966r.jpg)

![342 E 71st Street - Photo 2](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f3382574066r.jpg)

![342 E 71st Street - Photo 3](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f3887059215r.jpg)

![342 E 71st Street - Photo 4](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f3805917535r.jpg)

![342 E 71st Street - Photo 5](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f3887059215r.jpg)

![342 E 71st Street - Photo 6](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f2669045275r.jpg)

![342 E 71st Street - Photo 7](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1795475295r.jpg)

![342 E 71st Street - Photo 8](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f3228345402r.jpg)

![342 E 71st Street - Photo 9](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1853291697r.jpg)

![342 E 71st Street - Photo 10](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1100219919r.jpg)

![342 E 71st Street - Photo 11](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f701257457r.jpg)

![342 E 71st Street - Photo 12](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f653066989r.jpg)

![342 E 71st Street - Photo 13](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1974209333r.jpg)

![342 E 71st Street - Photo 14](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f2101590267r.jpg)

![342 E 71st Street - Photo 15](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f2688601576r.jpg)

![342 E 71st Street - Photo 16](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1979801726r.jpg)

![342 E 71st Street - Photo 17](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f2765951702r.jpg)

![342 E 71st Street - Photo 18](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f781399476r.jpg)

![342 E 71st Street - Photo 19](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1827419186r.jpg)

![342 E 71st Street - Photo 20](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f117486029r.jpg)

![342 E 71st Street - Photo 21](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f4079553496r.jpg)

![342 E 71st Street - Photo 22](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f921086r.jpg)

![342 E 71st Street - Photo 23](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1737990571r.jpg)

![342 E 71st Street - Photo 24](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f2196327294r.jpg)

![342 E 71st Street - Photo 25](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f1144086574r.jpg)

![342 E 71st Street - Photo 26](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f2509966008r.jpg)

![342 E 71st Street - Photo 27](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f877072618r.jpg)

![342 E 71st Street - Photo 28](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f3282368150r.jpg)

![342 E 71st Street - Photo 29](http://lh.rdcpix.com/88ba12aa5bfb6a1d0837a550f6ed4c03l-f5396275r.jpg)

---

**MLS#:** 12696374 | **Updated:** 2026-09-23
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/342-e-71st-street-chicago-il-60619-12696374)

---

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