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$375,000
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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
- Sold For: $375,000
- Taxes: $4,008 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12468108
- Added to Site: 249 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
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
- Security Deposit: Other
- Assessment Year: 1959
- Tax Amount: $4,008.62
- Tax Year: 2023
Disclosures and Reports
- Property ID: 19251010020000
Listed and Sold by Millennium Properties RE, Inc.
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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
4/30/2026
Sold
$375,000
-5.06%
MLS
9/16/2025
Listed
$395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3121 W 71st Street, Chicago, IL 60629 (MLS# 12468108) is a Commercial property that was sold at $375,000 on April 30, 2026. 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.

