342 E 71st Street
Chicago, IL, 60619
$1,100,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,100,000
342 E 71st Street
Chicago, IL, 60619
MLS #MRD12696374 image #0MLS #MRD12696374 image #1MLS #MRD12696374 image #2MLS #MRD12696374 image #3MLS #MRD12696374 image #4MLS #MRD12696374 image #5MLS #MRD12696374 image #6MLS #MRD12696374 image #7MLS #MRD12696374 image #8MLS #MRD12696374 image #9MLS #MRD12696374 image #10MLS #MRD12696374 image #11MLS #MRD12696374 image #12MLS #MRD12696374 image #13MLS #MRD12696374 image #14MLS #MRD12696374 image #15MLS #MRD12696374 image #16MLS #MRD12696374 image #17MLS #MRD12696374 image #18MLS #MRD12696374 image #19MLS #MRD12696374 image #20MLS #MRD12696374 image #21MLS #MRD12696374 image #22MLS #MRD12696374 image #23MLS #MRD12696374 image #24MLS #MRD12696374 image #25MLS #MRD12696374 image #26MLS #MRD12696374 image #27MLS #MRD12696374 image #28
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.

Property Details

Price:
$1,100,000
MLS #:
MRD12696374
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chigreatergrandcrossing
Listed Date:
Jul 8, 2026
Year Built:
1915
Chi – Greater Grand CrossingChigreatergrandcrossing

Schools

Interior

Cooling
Central Air, Central Individual, Office Only

Exterior

Construction Materials
Brick, Concrete
Roof
Membrane
Stories
3

Financial

Net Operating Income
$103,598
Tax Year
2024
Taxes
$31,282
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Nov 08, 2026
875
Commercial Listed
181
Avg DOM
$1,025,642
Avg List Price

Community

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Property Summary

    342 E 71st Street Chicago IL is a Commercial for sale in Chicago, IL, 60619. It is listed for $1,100,000 To schedule a showing of MLS#mrd12696374 at 342 E 71st Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
342 E 71st Street
Chicago, IL