Cash Flowing Strip
For Sale
Contact for pricing
414-424 E 71st St, Chicago, IL 60619
Fully occupied retail center with high street frontage.
Property Size4,800 SF
Price / SF$108.13
Days on Market2269
Property Features for 414-424 E 71st St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail
Zoning
B3-1 - Community Shopping District
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1915
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Caton Commercial Real Estate Group
(312) 925-8013
Listed By:
Mikus Kins · License #IL 475.161490
Source:
Crexi
Added: Jun 8, 2020
Changed: Aug 21
Last Checked: Aug 23 at 7:11PM
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 Caton Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This is a 4,800 square foot freestanding three-unit commercial corner property, currently 100% occupied. It operates as a neighborhood street-level retail center. The property includes a laundromat, nail salon, and beauty supply store. Tenants are responsible for all utility payments. The building has 148 feet of frontage on 71st Street. It is located in the Park Manor area of the Greater Grand Crossing community, 9 miles south of the Loop. The property is zoned B3-1, Community Shopping District. It is located in the 67th/Wentworth TIF District, intended to foster new residential, commercial, and mixed-use development investment opportunities. Other grant options, such as the Neighborhood Opportunity Fund and the R3 Grant, are possible. The nearby intersection has over 25,000 vehicles per day. The property has easy access to the Eden’s Expressway and The Skyway.
Key Highlights
- High 11% Cap Rate at asking price, providing immediate cash flow.
- 100% Occupancy with established, long‑term tenants.
- Prime corner location with 148 ft of frontage on 71st Street and high traffic volume.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Groceries 11%
Citgo
Shops & Services
11,793 visits/mo
0.1 miles
Family Dollar
Shops & Services
9,157 visits/mo
0.5 miles
Mobil
Shops & Services
7,885 visits/mo
0.4 miles
King's Liquor
Groceries
3,970 visits/mo
0.2 miles
StorageMart
Shops & Services
1,932 visits/mo
0.3 miles
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center with high street frontage.
Where is this strip mall located?
The property is located at 414-424 E 71st St Chicago, IL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: High 11% Cap Rate at asking price, providing immediate cash flow.; 100% Occupancy with established, long‑term tenants.; Prime corner location with 148 ft of frontage on 71st Street and high traffic volume.
