For Sale
$349,900

2414 71St St Chicago, IL 60629

5,400 SF Retail Building, 5 Lots

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional Chicago retail property, located at 2414 W 71st St, offers a compelling investment opportunity. The 5,400 square foot, single-story building, constructed in 1958, sits on five separate city lots (with individual PINs: 19244280190000, 19244280180000, 19244280170000, 19244280160000, 19244280150000) and is zoned COMM. The property comprises four storefronts. Two units are currently generating rental income: a restaurant (2414) producing $1500 monthly and a barber shop (2418) with a 30-year history generating $1000 monthly. A vacant 1,000 square foot former liquor store (2416) is also available. Units 2422-2424 (3,000 sq ft) require complete renovation following fire damage; they are currently gutted and need a new roof and interior. The asking price is $349,900, translating to $58.32 per square foot. This property presents significant potential for value appreciation and rental income growth in the vibrant Marquette Park commercial strip. The all-brick construction adds to its durability and curb appeal. This is an ideal investment for those seeking a multi-unit retail property with a mix of income-generating and value-add opportunities.

Highlights

  • $349,900 asking price for this retail property.
  • 5,400 square feet on a single lot.
  • Located at 2414 W 71st St, Chicago, IL 60629.
  • Features five units, including a restaurant and a barber shop with existing rental income.
  • One unit requires complete renovation due to fire damage.

Property Details for 2414 71St St

Property type
Retail properties
Square Feet
5,400 SF
Year Built
1958
Stories
1
Units
5

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7648616
Longitude
-87.683954
2414 71St St, Chicago, Illinois

FAQs

What type of property is this?
Retail property - 5,400 SF Retail Building, 5 Lots
Where is the retail property located?
The property is located at 2414 71St St Chicago, IL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: $349,900 asking price for this retail property.; 5,400 square feet on a single lot.; Located at 2414 W 71st St, Chicago, IL 60629.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2414 71St St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message