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About the Listing 25688 - 269873
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.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Commercial Sale
MLS ®
12582502
Year Built
1914
Total Square Footage
4,600
Lot/Acreage
0.14
County
Cook
Area
CHI - Englewood
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Ceiling Units
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 125x50
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $26,922
- Taxes w/Assessments: N/A
- Tax/Property ID: 20213260160000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
514 W 71st St Chicago, IL 60621
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