Joseph Alvarado - Chicagoland Brokers Inc Logo
Price Reduced Listing
$1,135,000
( )
 $6,093 est/mo Sourced by Back At You

342 E 71st Street,Chicago, IL 60619

Chicago, IL 60619

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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.

Details

MLS #12696374
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1915
Days On Site79
Listing Provided ByPOWER Realty Chicagoland,PLLC | Karmen Spears

Features

Story(s)3
Units14
ZoningOTHER

Interior

CoolingCentral Air, Central Individual, Office Only

Exterior

RoofMembrane
Foundation DetailsConcrete Perimeter
Construction MaterialsBrick, Concrete

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2024
Tax Annual Amount31281.5

Area Information

StateIL
CountyCook
CityChicago
Zip Code60619
AreaCHI Greater Grand Crossing
Listing VS Median (in 60619)
Price:
$1,135,000
low | high
Med:
$175,000
100% of Average
On site:
79
low | high
Med:
361
21.883656509695% of Average
Sourced by Back At You

Market Activity 60619

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Contact

Learn More About This Property

Joseph Alvarado

Joseph Alvarado

Chicagoland Brokers Inc

 (224) 324-5472agentjoea@gmail.com
StateIL
CountyCook
CityChicago
Zip Code60619
AreaCHI Greater Grand Crossing
Listing VS Median (in 60619)
Price:
$1,135,000
low | high
Med:
$175,000
100% of Average
On site:
79
low | high
Med:
361
21.883656509695% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $851K - $1.418M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
7027 S Calumet Avenue Property Photo 1
$0
7027 S Calumet Avenue
Chicago, IL 60637
7018 S Calumet Avenue Property Photo 1
$179,000
7018 S Calumet Avenue
Chicago, IL 60637
7014 S Calumet Avenue Property Photo 1
$290,000
7014 S Calumet Avenue
Chicago, IL 60637
Listing Updated: September 23, 2026 at 10:44:44 AM PDT

Joseph Alvarado - Chicagoland Brokers Inc