Chicago, IL 60621 514 W 71st Street
$399,000



3 more



Presented By: HomeSmart Realty Group
Home Details
Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.
Presented By: HomeSmart Realty Group
General for 514 W 71st Street
Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
Business TypeRetail
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseZoning Change Required
Directionsi-94 to 71st street, 71st street west to Parnell.
ElectricSeparate Meters
Leasable Area4600
Lot Size Square Feet6250
MLS AreaCHI - Englewood
Net Operating Income4000
Number Of Units Total3
PossessionClosing
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount26921.84
Tax Year2024
Year Built1914
Exterior for 514 W 71st Street
Building Area Total4600
Lot Dimensions125x50
Additional Details
Price History

SQFT • 4,600