342 E 71st Street, Chicago, IL 60619
sale
$1,135,000
|
Other
Courtesy Of POWER REALTY CHICAGOLAND PLLC
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.
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Property Features
- Age: Over 50 Years Old
- Building Units: 14
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Concrete
- Floors: 3
- MLSID: 12696374
- Roof Type: Membrane
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