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    2414 W 71St St Chicago, IL 60629

    Picture of Strip malls at W 71St St 2414, Chicago, IL
    For Sale
    $349,900

    Commercial Sale - Chicago, IL

    Property size:
    5,400 SF
    Days on Market:
    202
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 2414 W 71St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    19244280190000
    Size
    5,400 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Number of units
    5
    Architectural style
    Other

    Better Homes and Gardens Real Estate Connections (708) 295-6619 [email protected]

    Listing agent Rima Odeh (708) 859-0909 License #475102798

    Listing date May 24, 2025

    MLS# 11940659 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marquette Park Commercial Strip

    This commercial strip is located in Marquette Park and offers investment potential. The all-brick building, approximately 6000 square feet, is situated on five city lots and contains four storefronts. Unit 2414, currently a restaurant, generates a rental income of $1500. Unit 2418 has been a barber shop for 30 years and generates $1000. Unit 2416, a former liquor store, is vacant and comprises 1,000 square feet. Unit 2422-2424, situated on two lots, offers 3,000 square feet but has fire damage and requires complete renovation, including a new roof and interior. The five lots have separate PINs: 19244280190000 (2414), 19244280180000 (2416), 19244280170000 (2418), 19244280160000 (2422), and 19244280150000 (2424).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Queen gyro sub American Restaurant Yamon Jerk Grill Jamaican Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.68395205
    Latitude
    41.76487865

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    FAQs

    What type of property is this?
    Strip mall - Commercial strip with four storefronts and investment potential in Chicago.
    Where is this strip mall located?
    The property is located at 2414 W 71St St Chicago, IL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - All brick building with approximately 6000 square feet of commercial space.; - Located on a commercial strip in Marquette Park with great potential.; - Consists of 4 store fronts, offering multiple income streams.
    (708) 859-0909
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    Chicago, IL 60629
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2414 W 71St St Chicago, IL 60629
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