This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/2
$395,000 Contingent
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/2
Property Description
Prime mixed-use opportunity directly across from Marquette Park! This well-maintained building offers approximately 4,500 SF of ground-floor retail/office space, easily divisible into two separate units. The upper level features three residential apartments currently generating $4,000/month in rental income, providing immediate cash flow. Additional highlights include two, 2-car garages on site and B1-1 zoning, offering flexibility for a variety of business and investment uses. Perfect for an owner-user looking to operate their business on the ground floor while offsetting expenses with rental income, or for an investor seeking a stable, income-producing asset in a strong neighborhood location. With high visibility, strong foot and vehicle traffic, and a prime location across from the 318-acre Marquette Park, this property offers a unique blend of business potential and long-term investment upside.
Full Property Details
Full Property Details for 3121 W 71st St
General
- Price: $395,000
- Taxes: $4,008 (2023)
- Status: Contingent
- Type: Commercial
- Source: MRED
- MLS ID: 12468108
- Updated: 12/12/2025
- Added to Site: 200 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Chicago Lawn
- County: Cook
- Driving Directions: 71st St East to Troy St
- Location Details: Chicago Southwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Trash: 2400
Structural Information
- Stories/Levels: 2
- Square Feet: 8,864
- # of Stores: 1
- Year Built: 1959
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 7,910
- Lot Dimensions: 60 x 264
Financial Considerations
- Insurance Fee: $4,500
- Security Deposit: Other
- Assessment Year: 1959
- Tax Amount: $4,008.62
- Tax Year: 2023
- Pays Electric: 1800
- Pays Trash: 2400
Disclosures and Reports
- Property ID: 19251010020000
Listed by Millennium Properties RE, Inc.
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 3121 W 71st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Tarkington Elementary School, Chicago, IL 3330 West 71st Street, Chicago, IL 60629 | PK-8 | 0.3 mi |
Gage Park High School 5630 South Rockwell Street, Chicago, IL 60629 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3121 W 71st St
Date
Details
Price
Change
Source
9/16/2025
Listed
$395,000
154.84%
MLS
10/19/2001
Sold
$155,000
—
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 3121 W 71st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,532
3%
$12,000
—
2022
$2,468
2%
$12,000
—
2021
$2,413
8%
$12,000
20%
2020
$2,226
11%
$9,993
—
2019
$2,008
2%
$9,993
—
2018
$1,974
-11%
$9,993
2%
2017
$2,227
8%
$9,795
—
2016
$2,069
9%
$9,795
—
2015
$1,897
—
$9,795
1%
2014
$1,905
2%
$9,696
—
2013
$1,869
1%
$9,696
—
2012
$1,851
—
$9,696
—
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 3121 W 71st St
3121 W 71st Street, Chicago, IL 60629 (MLS# 12468108) is a Commercial property. 3121 W 71st Street is currently listed for $395,000 and was received on September 16, 2025. Want to learn more about 3121 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.

