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Renovated Two-Story Office Building
For Sale
$260,000

2445 W 71st St, Chicago, IL 60629

Updated systems, flexible office areas, basement storage, and private parking support immediate commercial use.

Property Size2,580 SF
Price / SF$100.78
Days on Market12

Property Features for 2445 W 71st St

General Information

Standard status Active
Size 2,580 SF
Total Parking Spaces 4

Additional Details

Furnished No

Amenities

conference room
kitchen
handicap accessible bathroom
basement storage
seating area

Building Details

Year Built 1907
Year Renovated 2019
Buildings 1
Stories 2
Tenancy Single
Abandoned No
Listing Agency: Real People Realty
Listed By: Carlyn Jackson · License #475130889
Source: Realtopiare
Added: Aug 22 Changed: Aug 28 Last Checked: Sep 1 at 9:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real People Realty

Investment Insights

Based on property information with market context.

This 2,580-square-foot office building was constructed in 1907 and comprehensively renovated in 2019, including added first-floor area and a newly created second floor. The property features multiple offices, a conference room, employee seating area, kitchen with updated cabinetry and granite counters, and two updated bathrooms. One bathroom includes accessible fixtures, while the other has a large glass-enclosed ceramic shower. New electrical, plumbing, foundation beams, roof components, commercial-grade doors and frames, exterior brick, and tuckpointing were completed during the renovation.

The basement provides additional storage and contains two furnaces, a hot water tank, sump pumps, new perimeter drain tile, and check valves. A rear concrete parking area accommodates up to four cars and is enclosed by a 6-foot privacy fence. The second floor includes two offices with closets, including one cedar closet. The rear portion is identified as convertible to a private three-bedroom duplex apartment, subject to applicable requirements. Equipment and personal property are excluded from the sale.

Key Highlights

  • 2,580 SF office building renovated in 2019
  • New first‑floor area and second‑floor addition with two offices
  • Two updated bathrooms, including one with accessible fixtures

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

761
Businesses Nearby

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Updated systems, flexible office areas, basement storage, and private parking support immediate commercial use.
Where is this office building located?
The property is located at 2445 W 71st St Chicago, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,580 SF office building renovated in 2019; New first‑floor area and second‑floor addition with two offices; Two updated bathrooms, including one with accessible fixtures
More about this property
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