350 East 71st Street

Chicago, IL 60619

$1,050,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exciting commercial opportunity for astute investors! Located in the thriving Barack Obama Presidential Library area, this property features a part ownership stake in the renowned Chicago Doughboy Restaurant, a cutting-edge fire suppression system, and owner-owned equipment. Additionally, there's a well-established barbershop and eight 2-bedroom apartments, with tenants responsible for utilities, central air, and recent renovations. The property also includes rear parking. A fantastic cash-flowing...Exciting commercial opportunity for astute investors! Located in the thriving Barack Obama Presidential Library area, this property features a part ownership stake in the renowned Chicago Doughboy Restaurant, a cutting-edge fire suppression system, and owner-owned equipment. Additionally, there's a well-established barbershop and eight 2-bedroom apartments, with tenants responsible for utilities, central air, and recent renovations. The property also includes rear parking. A fantastic cash-flowing investment awaits!
  1. Listed by Shawna May • Rachael A Real

Property Details for 350 East 71st Street

Area
CHI - Greater Grand Crossing
LISTING UPDATED: 10/08/2024 12:07 AM

Property Details for 350 East 71st Street

StatusActive
MLS #12141410
Days on Market50
Taxes$22,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1916
Lot Size0.34 AC / 15,000 SF
CountyCook County

Building Information for 350 East 71st Street

Stories3Residences12Year Built1916Lot Size0.34 AC / 15,000 SF

Property Information for 350 East 71st Street

General Information
Location and General Information
  • Geographic Locale: Chicago South
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 8
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 150X60
  • Lot Size Square Feet: 15000.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Fire Protection: Alarm On Site
  • # Of Offices: 0
  • # Of Stores: 4
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 7
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $700.00
  • Fuel Expense: $.00
  • Gross Income: $168,000.00
  • Gross Scheduled Income: $168,000.00
  • Insurance Expense: $900.00
  • Total Monthly Income: 14000
  • Other Expense: $800.00
  • Trash Expense: $113.00
  • Water Sewer Expense: $2,000.00

Property History for 350 East 71st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 350 East 71st Street

Taxable ValueLand$28,125Additions$56,504Total$84,629
Tax Record2022$17,407 ($1,451 / month)
Home Facts
Total Finished SqFt6,600 SqFtAbove Grade Finished SqFt6,600 SqFtStories1Lot Size12,500 SqFtStyleStoresYear Built1918CountyCOOKAPN20-22-326-018

Schools near 350 East 71st Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 9 to 12
Charter - 6 to 12
Public - PK to 6
Rating
School
Distance
Park Manor Elementary School
PublicPK to 8

YCCS-Progressive Leadership Acad
Charter9 to 12

Gary Comer College Prep
Charter6 to 12

Woodlawn Elementary Community School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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350 East 71st Street is a mixed use property for sale in Chicago, IL 60619. This property was listed for sale on October 2, 2024 by Rachael A Real, it's currently listed at $1,050,000. It has been on the market for a total of 50 days and was last sold on April 24, 2006. This listing's school district is Chicago Public Schools. Nearby schools include Park Manor Elementary School, YCCS-Progressive Leadership Acad and Gary Comer College Prep. 350 East 71st Street is a 0-bed, 0-bath, mixed use property built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rachael A Real

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/08/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.