342 E 71st Street $925,000


    342 E 71st Street Chicago-Greater Grand Crossing, IL 60619

    • Commercial
    • MLS# 11466418
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    Views: 3 Days On Site: 138

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    Property Details

    Two Buildings in One Package deal. The property consists of 2 bldgs. 342-348 E . 71st Street a mixed use bldg. with 3 store fronts and Four 2 bedroom apartments. The 2nd bldg 7051 S. Calumet Ave is a Three Story 6 units apt bldg. All 6 apartments are 2 bedrooms ( Total Ten 2 Bedrooms Appts & 3 Retail Stores). Both BUILDINGS WERE COMPLETELY REMODELED IN 2018 INSIDE & OUTSIDE ,The 6 Units Building needs new painting and some touch up work .Great Income Generating Properties , With Approximately 15% Cap Rate Potential Pro-Forma .

    • General Features
      • Additional Parcels Y/N No
      • Area CHI - Greater Grand Crossing
      • County Or Parish Cook
      • Electric Expense 1500
      • Fuel Expense 4500
      • Gross Income 180000
      • Gross Scheduled Income 180000
      • Net Operating Income 140000
      • Number Of Units Total 13
      • Operating Expense 40000
      • Operating Expense1 0
      • Property Sub Type Mixed Use
      • Tax Annual Amount 23219.6
      • Tax Year 2020
      • Total Actual Rent 0
      • Township Hyde Park
      • Year Built 1915
      • Zoning OTHER
    • Building Features
      • Construction Materials Brick,Concrete
      • Cooling Central Individual, Office Only
      • Electric Circuit Breakers
      • Foundation Details Concrete Perimeter
      • Roof Membrane
      • Stories 3
    • Property Features
      • Lot Size Dimensions 100 X 75
      • Lot Size Square Feet 7500
      • Parcel Number 20223260160000
      • Parking Total 0



    60619 (Chicago-Greater Grand Crossing) Demographics

    42 Median Age
    10,192 Population Density (per sq. mile)
    35% College Educated
    $40,762 Estimated Median Income
    12,181 Estimated Total Home Owners
    15,093 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    61,372 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $130,000 Median Sales Price
    29 Homes Sold
    111 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $925,000
        11/11/2022 8:17:17 AM Status Changed Source: Multiple Listing Service New Value: Contingent
        7/22/2022 12:17:41 AM Status Changed Source: Multiple Listing Service New Value: Active
        7/16/2022 11:48:00 AM New in Database Source: Multiple Listing Service New Value: $925,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.