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3121 W 71St St Chicago, IL 60629

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For Sale
Contract
$395,000

Mixed-use building with retail/office space and residential units.

Property Features for 3121 W 71St St

General Information

Standard status
Contract

Building Details

Year built
1959

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Listing Contact
Sean Wagner
Source: Corcoran

Listing Agency: MILLENNIUM PROPERTIES RE, INC. Listing Agent: Sean Wagner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Building Across Marquette Park

This mixed-use building is located directly across from Marquette Park. The property features approximately 4,500 square feet of ground-floor retail or office space, which can be divided into two separate units. The upper level includes three residential apartments that generate $4,000 per month in rental income. There are also two 2-car garages on site. The property is zoned B1-1, offering flexibility for various business and investment uses. It is suitable for an owner-user looking to operate their business on the ground floor while offsetting expenses with rental income, or for an investor seeking a stable, income-producing asset. The location offers high visibility and strong foot and vehicle traffic, situated across from the 318-acre Marquette Park. This property provides a blend of business potential and long-term investment upside.
Location Intelligence

Current Use by Public Records

Southwest Chicago PADS Social Service Agency

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7012994
Latitude
41.7641377

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with retail/office space and residential units.
Where is this mixed-use property located?
The property is located at 3121 W 71St St Chicago, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: - Prime location directly across from Marquette Park (318 acres) offering high visibility and traffic.; - Mixed-use property with ground-floor retail/office space and three residential apartments generating $4,000/month in rental income.; - Approximately 4,500 SF of ground-floor retail/office space, divisible into two units.
More about this property
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