1415 E 71st Place, Chicago, IL
  • $595,000
  • $625,000

Description

Well-maintained and fully rented three-unit brick building offering strong in-place income with clear upside. Each unit features a consistent 3 bedroom, 2 bathroom layout with modern flooring, updated bathrooms, open living areas, and functional kitchens. Built in 2006 with solid construction, the property has a replaced roof and no known deferred maintenance. Units are occupied on year-to-year leases with rents currently below market, providing an opportunity for future rent growth. Tenants pay gas and electric; owner pays water. Three exterior parking spaces included. Conveniently located near public transportation, neighborhood retail, and major corridors, with easy access to South Shore, Lake Michigan, and downtown Chicago, making this an attractive option for investors or owner-occupants seeking a stabilized, financeable asset. (Pictures Coming Soon!)

  • Listing Courtesy of: Coldwell Banker Realty

Details

Updated on June 27, 2026 at 6:02 am
  • Property ID MRD12551642
  • Price $595,000
  • Bedrooms 9
  • Year Built 2006
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 3
  • Parcel Number 20262060560000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • MLS Status Active
  • Days On Market 157
  • Cumulative Days On Market 97
  • Heating Natural Gas,Forced Air
  • Parking Features Yes,Owned
  • Directions From I-90/94, take Exit 63rd St east. Continue east to South Shore Dr, turn left (north) to 71st Pl, then right (east) to the property.
  • Address 1415 E 71st Place
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60619
  • Country United States

Overview

Property ID: MRD12551642
  • Multi Family
  • Property Type
  • 9
  • Bedrooms
  • 2006
  • Year Built

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