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$599,000 Just Listed

  • For Sale
  • Active
  • Business
  • 1,250 Sq. Ft.
  • Updated 4 days ago
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Excellent opportunity to own both a fully operational fast food carry-out restaurant and the real estate it occupies in Chicago's Park Manor neighborhood. Southtown Sub, a well-known name with over 30 years of history, relocated to this site just 3 years ago with a brand-new buildout featuring modern equipment, including a walk-in cooler and freezer. The property sits on a spacious lot with room for future expansion and is conveniently located just minutes from major highways, providing easy access and strong visibility. Both the business and real estate are included in the sale. The current owner is willing to provide training to ensure a smooth transition for the new owner-operator. Contact the listing agent today to schedule your private showing and explore this rare turnkey investment opportunity!

Full Property Details for 112 E 71st St

General

  • Price: $599,000
  • Taxes: $12,657 (2024)
  • Status: Active
  • Type: Business
  • Source: MRED
  • MLS ID: 12547568
  • Updated: 1/14/2026
  • Added to Site: 4 day(s) ago

Business

  • Name: SouthTown Sub
  • Business Type: Restaurant
  • Years in Business: 11 or More

Location

  • Area: CHI - Greater Grand Crossing
  • County: Cook
  • Driving Directions: From I-94E take exit 59C toward 71St St. Take exit 59C to merge onto S Lafayette Ave. Take W 71st St to the destination

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Stories/Levels: 1
  • Square Feet: 1,250

Lot Features

  • Lot Size (Sq. Ft.): 11,933
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 100 x 118
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $12,657.4
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: LLC
  • Property ID: 20223220330000

Listed by Guidance Realty

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— 112 E 71st St —

  • Guidance Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 112 E 71st St

School District:Chicago Public School District 299
NameGradesDistance
Deneen Elementary School
7240 South Wabash Avenue, Chicago, IL 60619
7-80.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 112 E 71st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2026
Listed
$599,000
835.94%
MLS
3/19/2018
Sold
$64,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 112 E 71st St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,862
3%
$23,043
—
2022
$4,740
2%
$23,043
—
2021
$4,634
3%
$23,043
14%
2020
$4,483
39%
$20,125
26%
2019
$3,216
2%
$16,005
—
2018
$3,161
-37%
$16,000
-31%
2017
$5,018
7%
$23,310
—
2016
$4,669
9%
$23,310
—
2015
$4,271
-8%
$23,310
-6%
2014
$4,624
2%
$24,922
—
2013
$4,533
1%
$24,922
—
2012
$4,472
—
$24,922
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 112 E 71st St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Guidance Realty

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112 E 71st Street, Chicago, IL 60619 (MLS# 12547568) is a Business property. 112 E 71st Street is currently listed for $599,000 and was received on January 14, 2026. Want to learn more about 112 E 71st Street? Do you have questions about finding other Business real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

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