414 E 71St St Chicago, IL 60619

This is a 4,800 square foot freestanding three-unit commercial corner property operating as a neighborhood street-level retail center. The property is 100% occupied with a laundromat, nail salon, and beauty supply tenants. Two tenants recently executed three-year leases with 4% annual escalation, while the third signed a five-year lease with 3% annual escalations. Tenants are responsible for all utilities. The building has 148 feet of frontage on 71st Street. Located in the Park Manor area of the Greater Grand Crossing community, it's situated 9 miles south of the Loop. The location provides easy access to the Eden's Expressway and The Skyway. The nearby intersection experiences over 25,000 vehicles per day. Zoned B3-1 – Community Shopping District, the property is located in the 67th/Wentworth TIF District, intended to foster new residential, commercial, and mixed-use development investment opportunities. Other grant options are possible, such as the Neighborhood Opportunity Fund and the R3 Grant.