3121 W 71st Street Chicago, IL $ 395,000
3121 W 71st Street
$ 395,000
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3121 W 71st Street

Chicago, IL, 60629
$ 395,000
Bedrooms-- Baths-- Sq 8,864

Monthly Estimate*

$ 2,464

3121 W 71st Street, Chicago, IL 60629 - Image 1
3121 W 71st Street, Chicago, IL 60629 - Image 2

Commercial Property for sale in Chicago, IL

for $395,000. This 8,864 square foot building was built in 1959 on a lot size of 0.181589.

Prime mixed-use opportunity directly across from Marquette Park! This well-maintained building offers approximately 4,500 SF of ground-floor retail/office space, easily divisible into two separate units. The upper level features three residential apartments currently generating $4,000/month in rental income, providing immediate cash flow. Additional highlights include two, 2-car garages on site and B1-1 zoning, offering flexibility for a variety of business and investment uses. Perfect for an owner-user looking to operate their business on the ground floor while offsetting expenses with rental income, or for an investor seeking a stable, income-producing asset in a strong neighborhood location. With high visibility, strong foot and vehicle traffic, and a prime location across from the 318-acre Marquette Park, this property offers a unique blend of business potential and long-term investment upside.

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Commercial Active

Price

$ 395,000

Property Type

Commercial

Taxes

$ 4,008

Style

Lot Size

0.181589

Year Built

1959

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12468108

Features
General
Cooling Central Air
Year Built 1959
Electric Circuit Breakers
Stories Count 2
Property Subtype Mixed Use
Tax Year 2023
Gross Income 48000
County Cook
Insurance Expense 4500
Property Type Commercial Sale Mixed Use
Status Active
Directions 71st St East to Troy St
City Chicago
Number Of Units Total 5
MLS Area CHI - Chicago Lawn
Lot Size Square Feet 7910
Tax Annual Amount 4008.62
Electric Expense 1800
Fuel Expense 3500
Trash Expense 2400
Water Sewer Expense 4800
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Building Area Total 8864
Lot Dimensions 60x264
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

Seanw@mpirealestate.com

Email

Affordability Calculator

$2,798
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,464
Monthly Property Taxes
$334
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2025$395,000 Listed Price

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3121 W 71st Street, Chicago, IL, 60629 is a Commercial Property for sale at $395,000 with 8,864 sqft and a lot size of 0.181589. 3121 W 71st Street was built in 1959. The property's zip code is 60629 which is in Chicago, IL