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1948 East 71st PlaceChicago, IL 60649Price: $1,300,000

  • Price: $1,300,000
  • 2 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jun 25, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,300,000List Price
  • 1926Year Built
  • 18,000Square Feet

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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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Listed by Yanira Doyle of Dreams Realty & Design Inc.

Based on information submitted to MRED  as of June 27, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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