Properties

Features
: Central Air , Office Only , Central Individual
Address Map
US
IL
Cook
Chicago
60619
71st
342
Street
W88° 21' 58.8''
N41° 45' 55''
East or West on 71st street to 342 E. (North East Corner of 71st Street & Calumet Ave)
CHI - Greater Grand Crossing
CHI - Greater Grand Crossing
E
E
OTHER
Additional Information
: Brick , Concrete
: Commercial
Circuit Breakers
Circuit Breakers
: Concrete Perimeter
100 X 75
14
14
Multi-Family,Retail
3
POWER Realty Chicagoland,PLLC
Karmen Spears
Financial
31281.5
Listing Information
237599
28389
MRED
Listing Information
Active
2026-07-17T17:29:03Z
2026-07-14T05:05:27Z
Property Description

Exceptional Mixed-Use Investment Opportunity! This rare package includes two modern buildings being sold together, offering a total of 10 residential units and 4 commercial storefronts in a prime, income-producing location. 342-348 E. 71st, features four retail storefronts and four spacious 2-bedroom apartments, while 7051 S. Calumet Avenue is a three-story, six-unit apartment building, with all six units offering 2-bedroom layouts. Additional improvements include a partial roof replacement in 2024 on 342-348 E 71st, along with updated electrical and copper plumbing in 2020. The residential units are highly desirable 2-bedroom layouts, and the commercial component provides diversified income with additional upside potential. Whether you’re expanding your portfolio or completing a 1031 exchange, this turnkey mixed-use investment offers strong cash flow, multiple revenue streams, and long-term appreciation potential.

Commercial Sale For Sale

342 E 71st Street, Chicago, Illinois 60619

$1,200,000
Listing ID#12696374
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12696374
Price : $1,200,000
Year Built : 1915
Listing Status : Active
Property Sub Type : Mixed Use
Roof
Roof : Membrane
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