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2548 W 71st Street, Chicago, IL 60629
$345,000 Contingent
2548 W 71st Street, Chicago, IL 60629View this property at 2548 W 71st Street, Chicago, IL 60629
2548 W 71st StreetChicagoIL60629
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Property Description
Introducing an EXCEPTIONAL investment opportunity in a meticulously maintained, brick multi-unit building. This remarkable property boasts a total of 4 units with 10 bedrooms and 4 bathrooms, offering a variety of unit configurations to cater to diverse tenant needs. The first floor presents a spacious studio unit with a full kitchen and bathroom, while the rear section consists of two 4-bedroom, 1-bathroom units. Additionally, there are two front units featuring 2 bedrooms and 1 bathroom each. 2 out of the 4 units currently occupied. Hardwood floors adorn every unit, except for the storefront area. Heating is provided by efficient gas-forced heat systems, and the property benefits from a 400 amp service. Each unit enjoys separate utilities, ensuring convenience for both tenants and property management. The full basement offers ample additional space for storage. The property's excellent condition and prime location make it highly sought after in the area, allowing for premium rental rates and attracting savvy investors. Situated within walking distance of Marquette Park and public transportation, it offers the perfect blend of convenience and accessibility.
Full Property Details
Full Property Details for 2548 W 71st St
General
- Price: $345,000
- Taxes: $4,021 (2021)
- Status: Contingent
- Type: Commercial
- MLS ID: 11948706
- Updated: 12/19/2023
- Added to Site: 136 day(s) ago
Interior
- Flooring: Wood
Additional Information
- Security/Safety: Hydrants on Site
Parking
- Parking Features: Other, Parking-Street
Location
- Area: CHI - Chicago Lawn
- County: Cook
- Township: South Chicago
- Driving Directions: WESTERN TO 71ST ST, WEST ON 71ST STREET TO ADDRESS
- Location Details: Chicago South, Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Brick/Mortar, Concrete Perimeter
- Sub-Flooring: Wood
- Stories/Levels: 2
- Year Built: 1931
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
- Units w/Refrigerators: 3
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Frontage: Public Road
- Potential Use: Commercial
- Zoning: MULTI
Financial Considerations
- Lease Price: $4
- Security Deposit: Hydrants On Site
- Assessment Year: 1931
- Tax Amount: $4,021.82
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 19244250200000
Listed by Realty of Chicago LLC
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Schools
Schools serving 2548 W 71st St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6938 S Washtenaw Ave, Chicago, IL 60629 | PK-8 | 0.3 mi | |
5630 S Rockwell St, Chicago, IL 60629 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2548 W 71st St
Date
Details
Price
Change
Source
12/18/2023
Listed
$345,000
16.75%
MLS
12/01/2020
Sold
$295,500
—
Public Record
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
Tax History for 2548 W 71st St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,114
2%
$20,000
—
2021
$4,022
44%
$20,000
59%
2020
$2,795
-4%
$12,548
-13%
2019
$2,898
2%
$14,424
—
2018
$2,849
-22%
$14,424
-10%
2017
$3,642
-6%
$16,017
-13%
2016
$3,880
-1%
$18,374
-9%
2015
$3,912
32%
$20,206
34%
2014
$2,966
-19%
$15,099
-21%
2013
$3,675
1%
$19,060
—
2012
$3,640
—
$19,060
—
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
Estimate the Cost for 2548 W 71st St
2548 W 71st Street, Chicago, IL 60629 (MLS# 11948706) is a Commercial property. 2548 W 71st Street is currently listed for $345,000 and was received on December 18, 2023. Want to learn more about 2548 W 71st Street? Do you have questions about finding other Commercial real estate for sale in Chicago Lawn? You can browse all Chicago Lawn real estate or contact a Coldwell Banker agent to request more information.