1859 E 87th Street Chicago, IL $ 650,000
1859 E 87th Street
$ 650,000
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1859 E 87th Street

Chicago, IL, 60617
$ 650,000
Baths0.0 Sq 2,900

Monthly Estimate*

$ 4,540

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Studio

Commercial Property for sale in Chicago, IL

for $650,000. This 2,900 square foot building was built in 1963 on a lot size of 0.093434.

Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it's located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 4 Storefronts are leased , 2 are ready for you to bring your vision to life . There are currently two beauty shops, a real estate office, and a mailing center. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don't miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!

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Commercial Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,062

Style

Lot Size

0.093434

Year Built

1963

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11983600

Features
General
Cooling Window Unit(s)
Year Built 1963
Electric Circuit Breakers
Tenant Pays Electricity Sewer
Stories 2
Property SubType Apts/Stores
Tax Year 2022
Gross Income 108840
County Cook
Net Operating Income 89736
Operating Expense 19104
Insurance Expense 368
Property Type Commercial Sale Mixed Use
Status Active
Directions South on Anthony to Yates Turn left onto East 87th Street South to Bennett
City Chicago
Total Units 12
MLS Area CHI - Calumet Heights
Lot Size Square Feet 4070
Street Name 87th
Tax Annual Amount 5062.45
Electric Expense 62
Fuel Expense 552
Trash Expense 153
Water Sewer Expense 454
Additional Parcels Y/N N
Days on Market 61
Standard Status Active
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Exterior
Building Area Total 2900
Lot Dimensions 4 070
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

kristen.realestatedreams@gmail.com

Email

Affordability Calculator

$4,962
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,540
Monthly Property Taxes
$422
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/17/2024$650,000 Listed Price

Map


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1859 E 87th Street, Chicago, IL, 60617 is a Commercial Property for sale at $650,000 with 2,900 sqft and a lot size of 0.093434. 1859 E 87th Street is a studio with 0.0 baths and was built in 1963. The property's zip code is 60617 which is in Chicago, IL