1735 71st Street

    Chicago, IL 60649
    • $349,000
    • STATUS: Active Under Contract
    • ON SITE: 45 days
    • MLS #: 10162878
    Under Contract
    UPDATED: 56 min ago
    $349,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $35
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Own a South Shore, mixed-use commercial property right on 71st Street retail strip. Solid brick corner lot 2 blocks from Starbucks. Over 5000sf of ground level commercial space zoned B3-3. Can be subdivided into 5 separate 1000sf retail spaces leased @ $12sf. No current commercial leases allow build out to maximize rental income. Entire 2nd floor is 4200sf with 8 residential studio apartments. All updates done and no city violations. Brand new Porch and other improvements. Entire Commercial space is leased and also 4 of the 8 studio apartments also leased.

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    © 2019 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 the MLS or Scott Schoon with Century 21 Affiliated. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Scott Schoon with Century 21 Affiliated are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2019-02-17T14:50:50.943.

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    www.scottc21.com/homes/90536236

    1735 71st Street Chicago, IL 60649

    • Price: $349,000
    • Status: Active Under Contract
    • Updated: 56 min ago
    • MLS #: 10162878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,000
    SQFT
    $35
    $/SQFT
    1924
    Built
    Neighborhood:
    Chi - South Shore
    County:
    Cook
    Area:
    Chi - South Shore
    Property Description
    Own a South Shore, mixed-use commercial property right on 71st Street retail strip. Solid brick corner lot 2 blocks from Starbucks. Over 5000sf of ground level commercial space zoned B3-3. Can be subdivided into 5 separate 1000sf retail spaces leased @ $12sf. No current commercial leases allow build out to maximize rental income. Entire 2nd floor is 4200sf with 8 residential studio apartments. All updates done and no city violations. Brand new Porch and other improvements. Entire Commercial space is leased and also 4 of the 8 studio apartments also leased.
    Exterior Features

    Construction Brick Lot Dimensions 61X100 Lot Sq Ft 6100 Number Of Parking Spaces 3

    Interior Features

    Air Conditioning Central Air Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 0 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 2 Number Of Rooms Unit2 3 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 5 Number Of Units Apt Type1 7 Number Of Units Apt Type2 1 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Outdoor Parking 1-5 Spaces Repairs Decor Expense 0

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Electric Expense Source Owner Projection Electricity Expense 2400 Expense Year 2017 Exterior Building Type Brick Fuel Expense 3000 Fuel Expense Source Owner Projection Gross Rental Income Amount 50000 Heat Ventilation Central Heat/Indiv ControlsForced AirGas Insurance Expense 4000 Insurance Expense Source Owner Projection Janitor Expense 100 Monthly Income Max1 550 Monthly Income Max2 650 Net Oper Income Amount 48000 Net Operating Income Year 2017 Other Expense Source Owner Projection Other Expenses 2000 Sale Terms ConventionalCash Only Tax Year 2016 Taxes 9000 Tenant Pays ElectricHeat Total Annual Exp 20000 Total Annual Expense Source Broker Projection Total Annual Income 80000 Total Monthly Income 4500 Township South Chicago Type Multi Family Corridor-Interior Entrance Water Expense 2000 Water Expense Source Owner Projection Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Freedom Realty Group Llc.


    © 2019 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 the MLS or Scott Schoon with Century 21 Affiliated. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Scott Schoon with Century 21 Affiliated are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2019-02-17T14:50:50.943.

    Digital Millennium Copyright Act
     
    Scott Schoon with Century 21 Affiliated
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    Tinley Park IL, 60477