Chicago, IL 60619,1401 E 87th ST
Chicago, IL 60619,1401 E 87th ST
Chicago, IL 60619,1401 E 87th ST
Chicago, IL 60619,1401 E 87th ST
Chicago, IL 60619,1401 E 87th ST
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$ 390,000
Est. payment | /mo

6,826 SqFt


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$ 390,000
Est. payment | /mo
Save

6,826 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,826 sqft

Price per Sqft $57

MLS Listing ID 12553969

Year Built 1958

Annual Tax Amount $5,191

Tax Year 2024

Lot Dimensions 4125

Property Sub-Type Mixed Use

Property Description

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.

Location

State IL

County Cook

Area Chi - Calumet Heights

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
Listed by Pamela Tuggle of  @properties Christie's International Real Estate 
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lenart Elementary Regional Gifted Center

    Public | PK - 8

  • 10

    McDade Elementary Classical School

    Public | KG - 6

  • 10

    Poe Elementary Classical School

    Public | KG - 6

  • 9

    Earhart Options for Knowledge Elementary School

    Public | KG - 6

  • 8

    McDowell Elementary School

    Public | KG - 5

  • 7

    Dixon Elementary School

    Public | PK - 8

  • 6

    Turner-Drew Elementary Language Academy

    Public | KG - 8

  • 5

    Pirie Fine Arts and Academic Center Elementary School

    Public | KG - 6

  • 5

    Burnside Elementary Scholastic Academy

    Public | PK - 8

  • 5

    Woodlawn Elementary Community School

    Public | PK - 6

  • 5

    Hoyne Elementary School

    Public | KG - 6

  • 5

    Marsh Elementary School

    Public | PK - 8

  • 4

    Bennett Elementary School

    Public | KG - 8

  • 4

    Black Magnet Elementary School

    Public | KG - 8

  • 4

    Warren Elementary School

    Public | PK - 8

  • 4

    Coles Elementary Language Academy

    Public | KG - 8

  • 3

    Wadsworth Elementary School

    Public | PK - 8

  • 3

    Parkside Elementary Community Academy

    Public | PK - 8

  • 3

    Bouchet Math and Science Academy Elementary School

    Public | KG - 8

  • 3

    Burnham Elementary School

    Public | PK - 8

Middle Schools 2
  • 0

    Banner Therapeutic Day School

    Private | 7 - 12

  • 0

    Camelot Safe Academy School

    Public | 6 - 12

High Schools 17
  • 10

    Brooks College Preparatory Academy High School

    Public | 9 - 12

  • 8

    South Shore International College Prep High School

    Public | 12 - 12

  • 6

    Harlan Community Academy High School

    Public | 9 - 12

  • 5

    Simeon Career Academy High School

    Public | 9 - 12

  • 4

    Urban Preparatory Charter Academy Englewood High School

    Public | 9 - 12

  • 4

    Corliss High School

    Public | 9 - 12

  • 3

    Chicago Vocational Career Academy High School

    Public | 9 - 11

  • 2

    Team Englewood Community Academy High School

    Public | 9 - 12

  • 1

    Hirsch Metropolitan High School

    Public | 9 - 12

  • 1

    Epic Academy High School

    Public | 9 - 12

  • 0

    Pnuema Institute

    Private | 9 - 12

  • 0

    Banner Academy South

    Private | 9 - 12

  • 0

    Magic Johnson - Roseland High School

    Public | 9 - 12

  • 0

    School of Leadership High School

    Public | 11 - 12

  • 0

    Winnie Mandela High School

    Public | 9 - 12

  • 0

    Bowen High School

    Public | 9 - 12

  • 0

    Camelot Safe Academy High School

    Public | 9 - 12

School and business data provided by Attom Data.
Mark Rantis

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1401 E 87th ST