514 W 71st Street Chicago, IL $ 399,000
514 W 71st Street
$ 399,000
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514 W 71st Street

Chicago, IL, 60621
$ 399,000
Bedrooms-- Baths-- Sq 4,600

Monthly Estimate*

$ 2,457

514 W 71st Street, Chicago, IL 60621 - Image 1
514 W 71st Street, Chicago, IL 60621 - Image 2
514 W 71st Street, Chicago, IL 60621 - Image 3
514 W 71st Street, Chicago, IL 60621 - Image 4
514 W 71st Street, Chicago, IL 60621 - Image 5
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514 W 71st Street, Chicago, IL 60621 - Image 7
514 W 71st Street, Chicago, IL 60621 - Image 8

Commercial Property for sale in Chicago, IL

for $399,000. This 4,600 square foot building was built in 1914 on a lot size of 0.14348.

Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.

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Commercial Active

Price

$ 399,000

Property Type

Commercial

Taxes

$ 26,921

Style

Retail

Lot Size

0.14348

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12582502

Features
General
Cooling Central Air
Possession Closing
Construction Materials Brick
Year Built 1914
Electric Separate Meters
Stories Count 1
Tax Year 2024
Current Use Zoning Change Required
Business Type Retail
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 4000
Property Type Commercial Sale Retail/Stores
Status New
Directions i-94 to 71st street 71st street west to Parnell.
City Chicago
Number Of Units Total 3
MLS Area CHI - Englewood
Lot Size Square Feet 6250
Tax Annual Amount 26921.84
Additional Parcels Y/N N
Leasable Area 4600
Standard Status Active
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Exterior
Building Area Total 4600
Lot Dimensions 125x50
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* Excluded Features
List By
Homesmart Realty Group

Broker

tawhidinc@gmail.com

Email

Affordability Calculator

$4,700
Per Month
52%
48%
0%
Monthly Principal & Interest
$2,457
Monthly Property Taxes
$2,243
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/7/2026$399,000 Listed Price

Map


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514 W 71st Street, Chicago, IL, 60621 is a Commercial Property for sale at $399,000 with 4,600 sqft and a lot size of 0.14348. 514 W 71st Street was built in 1914. The property's zip code is 60621 which is in Chicago, IL