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342 E 71st Street

Chicago, IL 60619
  • $925,000
  • STATUS: Active Under Contract
  • ON SITE: 135 Days
  • MLS #: 11466418
Under Contract
UPDATED: 142 min ago
$925,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1915
County:

School Ratings & Info

Description

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 .

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-28T23:57:32.363 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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342 E 71st Street Chicago, IL 60619

  • Price: $925,000
  • Status: Active Under Contract
  • On Site: 135 Days
  • Updated: 142 min ago
  • MLS #: 11466418
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1915
Built
Neighborhood:
Chi - Greater Grand Crossing
County:
Cook
Area:
Chi - Greater Grand Crossing
Property Description
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 .
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking Other Parking Total 0 Roof Membrane Roof Structure Flat

Interior Features

Cooling Central IndividualOffice Only Heat Ventilation Central Heat/Indiv ControlsForced AirGasNone

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Contingency Financing Continue To Show No - Has Seller Written Direction Current Use Commercial Electric Circuit Breakers Fire Protection Fire Extinguisher/S Geographic Locale Chicago Southwest Gross Income 180000 Gross Scheduled Income 180000 Insurance Expense 5250 Mls Actual Status Contingent Net Operating Income 140000 Number Of Tenants 13 Operating Expense 40000 Ownership Types Limited Liability Corp Possible Use Multi-FamilyRetail Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 23219.6 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatOther Total Monthly Income 15000 Township Hyde Park Type Mixed Use Zoning Other

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Horizon Realty Brokers, Inc.: 708-923-1755.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-28T23:57:32.363 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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