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440 W 87th Street Chicago, IL $ 500,000
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$ 500,000 Get more info
440 W 87th Street
$ 500,000
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440 W 87th Street

Chicago, IL, 60620
$ 500,000
Baths0.0

Monthly Estimate*

$ 3,079

440 W 87th Street, Chicago, IL 60620 - Image 1
440 W 87th Street, Chicago, IL 60620 - Image 2
440 W 87th Street, Chicago, IL 60620 - Image 3
440 W 87th Street, Chicago, IL 60620 - Image 4
440 W 87th Street, Chicago, IL 60620 - Image 5
Studio

Lots and Land for sale in Chicago, IL

for $500,000. The lot size is 1.94.

Rare opportunity to acquire nearly two acres of vacant, undeveloped land positioned just off a strong commercial corridor with convenient access to the Dan Ryan Expressway. Zoned M1-2, the site allows for a wide range of light industrial and limited commercial uses, including warehousing, distribution, and light manufacturing. The property also presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street & Dan Ryan node while serving surrounding neighborhoods. Ideal for investors, developers, or owner-users seeking a well-located infill site with strong long-term upside.

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Lots and Land Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 14,845

Style

Lot Size

1.94

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12526509
Features
General
Utilities Unknown (verify)
Possession Closing
Zoning COMMR
Township South Chicago
Tax Year 2024
Ownership Fee Simple w/ HO Assn.
County Cook
Property Type Land Land
Status Active
Directions From I-94 E toward Indiana take exit 61B for 87th Street right onto W 87th St.
City Chicago
High School District 299
MLS Area CHI - Auburn Gresham
Tax Annual Amount 14845.51
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Laundry Features None
Total Baths 0
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Exterior
Total Parking 0
Lot Dimensions 340 x 250
Lot Size Acres 1.94
Road Surface Type Asphalt
Frontage Length 340
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

ayanna.lee@bairdwarner.com

Email

Affordability Calculator

$4,316
Per Month
71%
29%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$1,237
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/9/2026$500,000 Listed Price

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440 W 87th Street, Chicago, IL, 60620 is a Lots and Land for sale at $500,000 with a lot size of 1.94. 440 W 87th Street is a studio with 0.0 baths. The property's zip code is 60620 which is in Chicago, IL

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