3121 W 71st St

Chicago, IL 60629

$395,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Contingent
Contingent
a front view of school
a view of a room with gym equipment

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...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.
  1. Listed by Sean Wagner • Millennium Properties RE, Inc.
    P: (773)-366-5274 Seanw@mpirealestate.com

Property Details for 3121 West 71st Street

Area
CHI - Chicago Lawn
Air Conditioning Type
Central Air
LISTING UPDATED: 12/12/2025 01:16 PM

Property Details for 3121 West 71st Street

StatusContingent
MLS #12468108
Days on Market94
Taxes$4,009 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1959
Lot Size0.18 AC / 7,910 SF
CountyCook County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Millennium Properties RE, Inc.
Add your commute

Building Information for 3121 West 71st Street

Stories2Residences5Year Built1959Lot Size0.18 AC / 7,910 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,259 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,925

Property Taxes

$334

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3121 West 71st Street

General Information
Location and General Information
  • Geographic Locale: Chicago Southwest
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 60x264
  • Lot Size Square Feet: 7910.0
  • Stories: 2
  • Fire Protection: Other
  • Building Area Total: 8864
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,800.00
  • Fuel Expense: $3,500.00
  • Gross Income: $48,000.00
  • Gross Scheduled Income: $48,000.00
  • Insurance Expense: $4,500.00
  • Total Monthly Income: 4000
  • Other Expense: $.00
  • Trash Expense: $2,400.00
  • Water Sewer Expense: $4,800.00

Property History for 3121 West 71st Street

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Contingent

MRED #12468108

—
Sep 16, 2025

Listed (Active)

MRED #12468108

$395,000—
Oct 19, 2001

Sold (Public Record)

Public Record #81077204

$155,000—
DateEvent & SourcePrice
12/12/2025

Contingent

MRED #12468108

—
09/16/2025

Listed (Active)

MRED #12468108

$395,000
10/19/2001

Sold (Public Record)

Public Record #81077204

$155,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3121 West 71st Street

Taxable ValueLand$1,584Additions$10,416Total$12,000
Tax Record2023$2,532 ($211 / month)
Home Facts
Baths4Total Finished SqFt5,880 SqFtAbove Grade Finished SqFt5,880 SqFtStories2Lot Size3,960 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyCOOKAPN19-25-101-002

Schools near 3121 West 71st Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Tarkington Elementary School
Public - PK to 8
Gage Park High School
Public - 9 to 12
Jefferson Alt High School
Public - 6 to 12
Art in Motion Charter School
Charter - 7 to 11
Rating
School
Distance
Tarkington Elementary School
PublicPK to 8

Gage Park High School
Public9 to 12

Jefferson Alt High School
Public6 to 12

Art in Motion Charter School
Charter7 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Millennium Properties RE, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/12/2025 01:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.