1401 E 87th St

Chicago, IL 60619
  • $390,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 6,826

    SqFt

About the Listing 85774 - 179591,183678

Well-maintained 10,375 SF mixed-use investment property located along the high-traffic 87th Street commercial corridor. The building offers 6,058 SF of improved space, featuring ground-floor office suites and two residential units above. The first floor is comprised of two occupied medical offices plus an approximately 800 SF vacant suite, freshly painted and move-in ready-ideal for an owner-user or additional rental income. The office suites are interconnected and may be utilized by a single tenant or leased separately to multiple users. The second floor includes two residential apartments: one vacant 1-bed/1-bath unit and one 3-bed/2-bath unit, occupied by a long-term tenant. The property provides 14 on-site parking spaces, a significant asset for both commercial and residential users. Strategically located with easy access to the Dan Ryan Expressway, CTA Red Line, CTA Bus Route #87, and Metra. Surrounding area features strong national and regional tenancy, including McDonald's, O'Reilly Auto Parts, Clark's gas station, and a nearby strip center anchored by Athletico, T-Mobile, Wingstop, H&R Block, and Pete's Produce. With below-market rents, stable long-term tenancy, and approximately 13,500 vehicles per day along 87th Street, this solid mixed-use asset presents an excellent value-add investment opportunity in a proven commercial corridor.

Listing Highlights

Status Active
Days on Site 32
Property Type Commercial Sale
MLS ® 12553969
Year Built 1958
Total Square Footage 6,826
Lot/Acreage 0.09

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond: Central Air,Window Unit(s)
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 4125
  • Roof:
  • Others:
  • Sewer:
  • Parking Features: 13-18 Spaces

Financial Details

  • Tax Amount: $5,191
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 25022050010000
  • Tax Year: 2024

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1401 E 87th St Chicago, IL 60619

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Originating MLS: mred

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