$545,000
414 E 71st Street
Chicago, IL, 60619
Prime commercial corner property successfully run as a neighborhood street level retail center with longtime laundromat, nail salon and beauty supply tenants. This 4,800 SF freestanding three unit building produces an 11.6% current cap rate and has 148 ft 71st Street frontage. The building is 100% occupied and each tenant just signed new three or five year leases. Located in Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Edens Expressway and The Skyway. Nearby intersection has 25,000+ VPD. Zoned B3-1 – Community Shopping District. Located in the 67th/Wentworth TIF District and in a Neighborhood Opportunity Grant district.
Property Details
Price:
$545,000
MLS #:
MRD12002638
Status:
Active
Beds:
0
Baths:
0
Address:
414 E 71st Street
Type:
Commercial
Subtype:
Free Standing Store,Neighborhood Storefront,Shopping Center,Strip Center
City:
Chicago
Listed Date:
Mar 11, 2024
State:
IL
Finished Sq Ft:
4,800
ZIP:
60619
Year Built:
1915
Schools
Interior
Cooling
Central Air
Exterior
Financial
Buyer Agent Compensation
2.5% – $395Gross Sale Price
Tax Year
2022
Taxes
$12,704
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
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414 E 71st Street
Chicago, IL
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