Active

514 71st Street

Chicago, IL 60621
$399,000
0beds
0baths
sqft
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About this home

Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1914
Lot size
Annual tax$26,921.84
CountyCook
MLS #MRD12582502
Days on market7

Features

Cooling
Central Air
Construction
Brick
Listed by
HomeSmart Realty Group
Aladdin Shelo · 773-410-4700

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 3/13/2026, 5:07:08 AM. All data should be independently verified.

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