1948 E 71st Place Chicago, IL $ 1,300,000
1948 E 71st Place
$ 1,300,000
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1948 E 71st Place

Chicago, IL, 60649
$ 1,300,000
Bedrooms-- Baths-- Sq 18,000

Monthly Estimate*

$ 8,208

1948 E 71st Place, Chicago, IL 60649 - Image 1
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1948 E 71st Place, Chicago, IL 60649 - Image 11
1948 E 71st Place, Chicago, IL 60649 - Image 12

Commercial Property for sale in Chicago, IL

for $1,300,000. This 18,000 square foot building was built in 1926 on a lot size of 0.408632.

Rare South Shore Commercial/ Industrial / Flex Fleet Facility 1948 E. 71st Place presents a unique opportunity to acquire a large-scale urban industrial/flex asset in the rapidly evolving South Shore neighborhood of Chicago. Originally designed as a parking garage and currently operating as an automotive and towing facility, the property offers approximately 17,846 SF of industrial/commercial space with the ability to accommodate approximately 48 vehicles including rooftop parking capacity. The property benefits from commercial/industrial zoning, two drive-in doors, 15' clear heights, and a full-building footprint configuration rarely available within dense urban neighborhoods on Chicago's South Side. The building's flexible configuration makes it suitable for a variety of owner-user and investment strategies including: Fleet operations Contractor headquarters Towing and impound Vehicle storage Logistics support Municipal contractor operations Automotive repair/service Redevelopment hold Located near major transportation corridors and positioned within the broader South Shore/Jackson Park investment corridor influenced by the Obama Presidential Center and ongoing commercial revitalization efforts, the property offers both immediate utility and long-term strategic upside.

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Commercial Active

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 17,588

Style

Lot Size

0.408632

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12689733

Features
General
Cooling None
Possession Closing
Zoning COMMR
Year Built 1926
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 2
Tax Year 2025
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 5000
Property Type Commercial Sale Industrial
Status New
Directions DAN RYAN EXIT 75TH - EAST TO STONY ISLAND - NORTH ON STONY ISLAND TO 71ST ST - SOUTH ON 71ST ST TO 71ST PL - 71ST TO DESTINATION ON
City Chicago
Number Of Units Total 1
MLS Area CHI - South Shore
Lot Size Square Feet 17800
Tax Annual Amount 17588
Additional Parcels Y/N N
Leasable Area 18000
Standard Status Active
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Exterior
Building Area Total 18000
Lot Dimensions 165 x 108
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* Excluded Features
List By
Century 21 Impact

Broker

info@thedoyleway.com;info@thedoyleway.com

Email

Affordability Calculator

$9,674
Per Month
85%
15%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
$1,466
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/26/2026$1,300,000 Listed Price

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1948 E 71st Place, Chicago, IL, 60649 is a Commercial Property for sale at $1,300,000 with 18,000 sqft and a lot size of 0.408632. 1948 E 71st Place was built in 1926. The property's zip code is 60649 which is in Chicago, IL