Vacant Apartment Building With Commercial
For Sale
$495,000
818 W 71st Street, Chicago, IL 60621
Fully vacant property includes residential units and ground-floor commercial space requiring comprehensive renovation.
Property SizeContact for details
Days on Market10
Property Features for 818 W 71st Street
General Information
Standard status
Active
Property subtype
Commercial
Property Condition
Severity
Major Repairs Needed
Evidence
complete gut renovation
Units
Unit Mix
10 x 1BD/1BA, 3 x 2BD/1BA, 13 x 3BD/1BA
Multifamily Units
26
Taxes and HOA fees
Annual Taxes
$21,259
Building Details
Year Built
1927
Stories
4
Units
28
Listing Agency:
Berman Anguiano Team LLC
(312) 610-1700
Listed By:
Jeremy DeMarco
(312) 610-1700
Source:
Cavanaghrealty
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 23 at 11:52AM
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 Berman Anguiano Team LLC
Investment Insights
Based on property information with market context.
Built in 1927, this vacant apartment building is positioned for a complete gut renovation. The planned residential configuration includes 10 one-bedroom, one-bath units; 3 two-bedroom, one-bath units; and 13 three-bedroom, one-bath units. Two commercial spaces occupy the ground floor, creating a mixed residential and commercial layout within the building.
The property is located at 818 W 71st Street in Chicago, Illinois. Its existing unit mix and combination of residential apartments with street-level commercial areas provide the principal physical characteristics for redevelopment planning.
The property is located at 818 W 71st Street in Chicago, Illinois. Its existing unit mix and combination of residential apartments with street-level commercial areas provide the principal physical characteristics for redevelopment planning.
Key Highlights
- 26 planned residential units across 1BD/1BA, 2BD/1BA, and 3BD/1BA configurations
- Two ground floor commercial spaces included
- Fully vacant building requiring a complete gut renovation
Property Analytics
Property Profile
Current Use
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully vacant property includes residential units and ground-floor commercial space requiring comprehensive renovation.
Where is this apartment building located?
The property is located at 818 W 71st Street Chicago, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 26 planned residential units across 1BD/1BA, 2BD/1BA, and 3BD/1BA configurations; Two ground floor commercial spaces included; Fully vacant building requiring a complete gut renovation
