Chicago, IL 60621 514 W 71st Street

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514 W 71st Street Chicago, IL - Image 4514 W 71st Street Chicago, IL - Image 5514 W 71st Street Chicago, IL - Image 6514 W 71st Street Chicago, IL - Image 7
Presented By: HomeSmart Realty Group
  • MLS# 12582502
  • 03/07/2026
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  • SQFT • 4,600

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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

Client Care

Price $399,000
MLS#12582502
List Date 03/07/2026
Property Type Commercial
Phone 847.485.2500
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