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$495,000
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Property Description
This investment opportunity holds substantial potential for commercial For those interested in commercial investing, this opportunity holds substantial potential. On 75th Street, the property features two retail spaces, both of which are currently occupied by tenants under lease agreements. Within the building, the first unit serves as a grocery store, while the second unit functions as a community youth center. Their combined efforts yield a monthly income of $6,300. For parking and recreational activities, the unit leased a youth center featuring a fenced lot and a large backyard, as well as providing convenient parking options. Aspiring entrepreneurs can seize this opportunity to gain recognition in their field. To truly understand the potential of the property, we highly recommend an in-person viewing, which will help you solidify your business dreams and transform them into tangible achievements. Do not miss out on this opportunity to witness the potential personally for yourself!
Full Property Details
Full Property Details for 342 W 75th St
General
- Price: $495,000
- Taxes: $7,489 (2022)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12430876
- Updated: 7/28/2025
- Added to Site: 173 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: 75th St East or West to 342 and 344 W 75th St
- Location Details: Mixed-Use Area, Public Transport Avail, Freestanding/Urban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Ceiling Height: 12
- Stories/Levels: 1
- Square Feet: 6,000
- Current Bldg. Use: Commercial
- Year Built: 1978
Lot Features
- Lot Size (Sq. Ft.): 9,720
- Lot Dimensions: 9720
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Other
- Assessment Year: 1978
- Tax Amount: $7,489
- Tax Year: 2022
Disclosures and Reports
- Property ID: 20282230350000
Listed by Better Homes & Gardens Real Estate
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Schools
Schools serving 342 W 75th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Harvard Elementary School 7525 South Harvard Avenue, Chicago, IL 60620 | K-8 | 0.1 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 342 W 75th St
Date
Details
Price
Change
Source
7/27/2025
Listed
$495,000
34.24%
MLS
5/30/2006
Sold
$368,750
—
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 342 W 75th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,262
3%
$39,158
—
2022
$8,054
2%
$39,158
—
2021
$7,874
36%
$39,158
51%
2020
$5,792
-11%
$26,000
-20%
2019
$6,529
2%
$32,499
—
2018
$6,420
17%
$32,499
27%
2017
$5,489
7%
$25,499
—
2016
$5,107
9%
$25,499
—
2015
$4,673
-1%
$25,499
—
2014
$4,731
2%
$25,499
—
2013
$4,638
1%
$25,499
—
2012
$4,576
—
$25,499
—
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 342 W 75th St
342 W 75th Street, Chicago, IL 60621 (MLS# 12430876) is a Commercial property. 342 W 75th Street is currently listed for $495,000 and was received on July 27, 2025. Want to learn more about 342 W 75th Street? Do you have questions about finding other Commercial 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.

