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424 E 71st St
Chicago, IL 60619 Greater Grand Crossing

$525,000 USD

Freestanding For Sale  •  4,800 SF

Property Details

• Property Type Freestanding
• Total Building Size 4,800 SF
• Lot Size 0.14 AC
• Building Class C
• Year Built 1915
• Cap Rate 13.07 %
• Tenancy Multiple
• Zoning B3-1

73 Transit Score

80 Walk Score

Highlights

12.5% Cap Rate

Three Unit Single Story Retail Building

100% Occupied with New Leases

Eligible for Neighborhood Opportunity Fund Grant

Property Flyers

01. 414-424 E 71st Street_Marketing Brochure

02. NDA_414-424 E 71st Street

Financial Summary (Actual)

Net Operating Income: $68,368 USD (2023)

Cap Rate:	13.07 %
Total Expenses:	$22,964 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
A Beauty Supply	1,500 SF	10/1/2026
Collins Laundromat	1,800 SF	10/12/2028
Nail Bling Salon	1,500 SF	10/1/2026

Amenities

• Bus Line
• Corner Lot

Public Transportation

Commuter Rail	Drive	Walk	Distance
75Th Street (Grand Crossing) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.3 mi
79Th St. (Chatham) (Metra Electric - Metra)	3 min	-	1.7 mi
Transit/Subway	Drive	Walk	Distance
69Th Street Station (Red Line - Chicago Transit Authority "L" Trains (The "L"))	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Chicago Midway International	17 min	-	9.2 mi
Chicago O'Hare International	40 min	-	26.1 mi