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$375,000
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Property Description
This investment opportunity offers significant commercial potential for investors and entrepreneurs alike. On 75th Street, the property includes two retail units-one currently leased for $4,000 per month, and the other vacant and ready for a new business venture or additional rental income. Inside the building, the first unit operates as a grocery store, while the second unit provides a versatile space ideal for launching your next business or securing a new tenant. The property also includes a fenced lot and a spacious backyard, currently leased to a youth center, offering both recreational space and convenient parking options. This is an exceptional chance for aspiring business owners to establish a presence and gain recognition within the community. To fully appreciate the value and possibilities this property offers, we strongly encourage an in-person viewing. Seeing it firsthand will help you envision how this space can support and elevate your business goals. Do not miss the opportunity to explore the potential of this property for yourself.
Full Property Details
Full Property Details for 342 W 75th St
General
- Price: $375,000
- Taxes: $7,489 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12712689
- Updated: 7/28/2026
- Added to Site: 37 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
- Lease Price: $14
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Other
- Assessment Year: 1978
- Tax Amount: $7,489
- Tax Year: 2023
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 ATTOM Data Solutions 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
7/22/2026
Listed
$375,000
1.69%
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
—
$52,490
34%
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# 12712689) is a Commercial property. 342 W 75th Street is currently listed for $375,000 and was received on July 22, 2026. 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.

