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

2445 W 71st Street, Chicago, IL 60629

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market201

Property Features for 2445 W 71st Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions WESTERN TO 71st. EAST TO ADDRESS.
Subdivision CHI - Chicago Lawn
Standard status Active
APN 19252060060000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7886

Utilities

Cooling system Central Air

Amenities

kitchen
conference room
handicap accessible bathroom

Building Details

Year built 1907
Floors in Building 2
Building materials Brick
Listing Agency: Real People Realty
Listed By: Carlyn Jackson · License #475130889
Added: Mar 19 Changed: Aug 19 Last Checked: Oct 5 at 7:06PM
MLS# 12596272

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This brick office building received a total gut rehabilitation in 2019, including increased first-floor square footage and construction of a new second floor. Improvements include new electrical and plumbing systems, foundation beams, roof work, commercial-grade doors and frames, two updated bathrooms, and central air. One bathroom includes accessible fixtures and grab bars, while the second has a large glass-enclosed ceramic shower.

The first floor is currently used for a security business and includes office space, a conference room, a seating area, kitchen space with updated cabinets and granite countertops, and a bathroom. Two additional offices with closets are located upstairs. The basement provides storage and contains two furnaces, a hot water tank, sump pumps, new drain tile, and check valves.

The rear lot has a 6-foot privacy fence, a poured concrete parking slab for up to 4 cars, and 2 caged central air systems. The property is zoned OFFIC and sits on 0.0717 acres. Office equipment and personal property are excluded from the sale.

Key Highlights

  • Total gut rehabilitation completed in 2019, including expanded first‑floor space and a newly built second floor
  • Two updated bathrooms, including one with accessible fixtures and grab bars
  • Two upstairs offices with closets, including one cedar closet

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Updated office property with modern building systems, private parking, basement storage, and flexible interior rooms.
Where is this office building located?
The property is located at 2445 W 71st Street 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: Total gut rehabilitation completed in 2019, including expanded first‑floor space and a newly built second floor; Two updated bathrooms, including one with accessible fixtures and grab bars; Two upstairs offices with closets, including one cedar closet
More about this property
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