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Listing provided courtesy of Century 21 IMPACTMREDas Distributed by MLSGrid- MLS# 12689733MLS Provider

1948 E 71st PlaceChicago, IL 60649

Commercial · 18,000 Sq. ft.
$1,300,000 New

1948 E 71st Place Overview

Time on Site:
23 hours
Visits:
0

Rare South Shore Commercial/ Industrial / Flex Fleet Facility 1948 E. 71st Place presents a unique opportunity to acquire a large-scale urban industrial/flex asset in the rapidly evolving South Shore neighborhood of Chicago. Originally designed as a parking garage and currently operating as an automotive and towing facility, the property offers approximately 17,846 SF of industrial/commercial space with the ability to accommodate approximately 48 vehicles including rooftop parking capacity. The property benefits from commercial/industrial zoning, two drive-in doors, 15' clear heights, and a full-building footprint configuration rarely available within dense urban neighborhoods on Chicago's South Side. The building's flexible configuration makes it suitable for a variety of owner-user and investment strategies including: Fleet operations Contractor headquarters Towing and impound Vehicle storage Logistics support Municipal contractor operations Automotive repair/service Redevelopment hold Located near major transportation corridors and positioned within the broader South Shore/Jackson Park investment corridor influenced by the Obama Presidential Center and ongoing commercial revitalization efforts, the property offers both immediate utility and long-term strategic upside.

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1948 E 71st Place Facts & Features

  • Type Commercial
  • Sq. ft. 18,000
  • Price/Sq.ft. $72

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 5000

Building Information

  • Year Built: 1926

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore

Tax Information

  • Tax Annual Amount: $17,588.00
  • Tax Year: 2025

General Information

  • Parcel Number: 20251090120000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 18000

General Information

  • Cooling: None
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Leasable Area: 18000
  • Stories: 2

Unit Information

  • Unit SqFt.: 17800

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 165 x 108
  • Lot Size Square Feet: 17800

General Information

  • Number Of Units Total: 1

1948 E 71st Place Neighborhood

Community

60649 (Chicago) Demographics

38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1948 E 71st Place Monthly Cost

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$ %
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1948 E 71st Place Market Data

Based on the last 30 days in this zip code

$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

1948 E 71st Place History

Date Event Value Agent
6/29/2026Source: MRED Added to Database
June 29, 2026