414-424 E 71st Street

For Sale

414-424 E 71st Street, Chicago, IL 60619

This Chicago property for sale is located at 414-424 E 71st Street. The current listed sale price for 414-424 E 71st Street is $525,000. 414-424 E 71st Street is situated on a lot that is 0.14 acre in size.

Contacts

broker

Mikus Kins

Be Commercial

Property Details

  • Property Type Retail - Street Retail
  • Property Size 4,800 SF
  • Units 3
  • Lot Size 0.14 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1915
  • Year Renovated 2019
  • Date Updated Nov 4, 2024
This 100% occupied 4,800 SF freestanding single story building has three retail units and 148 ft 71st Street frontage. Located in the Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Greater Grand Crossing is a middle-market neighborhood in Chicago. Its solid housing stock, easy access to transportation and strong community assets offers sustained value to its residents. Easy access to the Edens Expressway and The Skyway. Nearby intersection has 25,000+ VPD. Zoned B3-1 – Community Shopping District with a FAR of 1.2. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial, and mixed-use development investment opportunities. Exceptional transportation options, including easy access to CTA, Metra, I-94 and the Skyway + Strong presence of local businesses and medical facilities with employment opportunities + City investments in Park District programming and new public library + Close to the South Shore Cultural Center, University of Chicago and the future site of the Barack Obama Presidential CenterIncredible cash flowing strip center that is already producing a 12.5% Cap Rate. This is a prime three unit commercial corner property successfully run as a neighborhood street level retail center with longtime laundromat, nail salon and beauty supply tenants. Two tenants just executed three-year leases with 4% annual escalation while the third just signed a five-year lease with 3% annual escalations. Tenants pay for all utilities. This 100% occupied 4,800 SF freestanding three-unit building has 148 ft 71st Street frontage. Located in the Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Eden's Expressway and The Skyway. Nearby intersection has 25,000+ VPD. Zoned B3-1 – Community Shopping District. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial, and mixed-use development investment opportunities. Other grant options are possible, such as the Neighborhood Opportunity Fund and the R3 Grant.

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Highlights

  • Three Unit Single Story Stand-Alone Retail Building on City designated Commercial Corridor
  • 100% Occupied
  • 12.5% Cap Rate

Attachments

Getting around

  • 79/100

    Walk Score ®

  • 70/100

    Transit Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Park Manor
  • Zip Code 60619
  • Market Chicago

Points of Interest

  • Stony Island

    1.37 miles

  • 63rd Street

    1.55 miles

  • Halsted

    1.80 miles

  • Garfield

    2.02 miles

  • 55th-56th-57th Street

    2.32 miles

  • South Shore

    2.52 miles

  • Gresham

    2.55 miles

  • 51st-53rd Street (Hyde Park)

    2.84 miles

  • Windsor Park

    2.88 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    4.68 miles

  • Citgo

    0.06 miles

  • Mobil

    0.31 miles

  • Marathon

    0.49 miles

  • BP

    0.52 miles

  • 76

    0.56 miles

  • Falcon

    0.73 miles

  • Shell

    0.73 miles

  • ChargePoint

    1.40 miles

  • Tesla Supercharger

    5.05 miles

  • eVgo

    7.02 miles

  • Campus South Parking

    1.39 miles

  • Parking/Materials Management

    1.62 miles

  • Kimbark South Parking Garage

    1.67 miles

  • Medical Campus Parking Garage A

    1.69 miles

  • Chapin Hall Parking Lot

    1.76 miles

  • Lexington Parking Lot

    1.80 miles

  • Dorchester Parking Lot

    1.81 miles

  • Medical Campus Parking Garage B

    1.86 miles

  • Garfield Park & Ride

    2.07 miles

  • Campus North Parking Garage

    2.10 miles

  • Subway

    0.47 miles

  • JJ Fish & Chicken

    0.49 miles

  • Dunkin'

    0.50 miles

  • Smoke Signals BBQ

    0.53 miles

  • Lem's Bar-B-Q

    0.55 miles

  • Soul Veg City

    0.59 miles

  • McDonald's

    0.67 miles

  • Babas Halal

    0.82 miles

  • Popeyes

    0.86 miles

  • Jerk Taco Man

    0.96 miles

  • Shop-N-Save

    0.30 miles

  • M & H Market

    0.52 miles

  • ALDI

    0.64 miles

  • Woodlawn Fresh Market

    0.95 miles

  • City Sports

    1.11 miles

  • Forman Mills

    1.20 miles

  • Jewel-Osco

    1.33 miles

  • Save-A-Lot

    1.42 miles

  • Zees Supermarket Plus

    1.47 miles

  • dd's Discounts

    2.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Mikus Kins

Be Commercial