2857 W 71st Street
Chicago, IL, 60629
$699,900
Beds
0 Baths
0 SqFt
0 Acres
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$699,900
2857 W 71st Street
Chicago, IL, 60629
MLS #MRD12425932 img 0MLS #MRD12425932 img 1MLS #MRD12425932 img 2MLS #MRD12425932 img 3MLS #MRD12425932 img 4MLS #MRD12425932 img 5MLS #MRD12425932 img 6MLS #MRD12425932 img 7MLS #MRD12425932 img 8MLS #MRD12425932 img 9MLS #MRD12425932 img 10MLS #MRD12425932 img 11MLS #MRD12425932 img 12MLS #MRD12425932 img 13MLS #MRD12425932 img 14MLS #MRD12425932 img 15MLS #MRD12425932 img 16MLS #MRD12425932 img 17MLS #MRD12425932 img 18MLS #MRD12425932 img 19MLS #MRD12425932 img 20MLS #MRD12425932 img 21MLS #MRD12425932 img 22MLS #MRD12425932 img 23MLS #MRD12425932 img 24MLS #MRD12425932 img 25MLS #MRD12425932 img 26MLS #MRD12425932 img 27MLS #MRD12425932 img 28MLS #MRD12425932 img 29MLS #MRD12425932 img 30MLS #MRD12425932 img 31
Attention Investors, Rehabbers, Developers! Exceptional value-add opportunity in the heart of Chicago’s Marquette Park neighborhood. This solid 12-unit multifamily building features a desirable unit mix: 8 two-bedroom units, 2 one-bedroom units, and 2 studios, all served by a hydronic radiant floor heating system. With existing rents well below market, the property offers substantial upside through lease-up, rental repositioning, and renovation. Located directly across from the expansive Marquette Park-featuring walking trails, a lagoon, golf course, sports fields, and year-round recreational amenities-this location is well-suited to attract and retain long-term tenants. On-site parking for 7-8 vehicles (currently unassigned) adds further convenience and value. Estimated at a 9 cap rate with room for growth, this is a compelling opportunity for investors seeking to unlock value in a well-located multifamily asset.

Property Details

Price:
$699,900
MLS #:
MRD12425932
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
2857 W 71st Street
Type:
Commercial
Neighborhood:
CHI – Chicago Lawn
City:
Chicago
Listed Date:
Jul 24, 2025
State:
IL
ZIP:
60629
Year Built:
1958

Schools

Interior

Cooling
None

Exterior

Financial

Net Operating Income
$15,178
Tax Year
2023
Taxes
$14,150
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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2857 W 71st Street
Chicago, IL