1510 W 87th Street Chicago, IL $ 350,000
1510 W 87th Street
$ 350,000
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1510 W 87th Street

Chicago, IL, 60620
$ 350,000
Bedrooms-- Baths-- Sq 2,000

Monthly Estimate*

$ 2,155

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Commercial Property for sale in Chicago, IL

for $350,000. This 2,000 square foot building was built in 1948 on a lot size of 0.3823.

Value-Add Commercial Corner Opportunity in Chicago's Auburn Gresham Neighborhood. 1510 W 87th St offers a highly visible corner-lot commercial storefront. This one-story brick building features an impressive approximately 130 feet of frontage along 87th Street, providing excellent exposure, signage potential, and street presence. The property is currently owner-occupied and offers flexible use for retail, office, or neighborhood-serving business concepts. A standout feature of the property is the massive, fully fenced parking lot, an increasingly rare asset along high-traffic commercial corridors, offering significant value for both customers and operations. With its corner location, strong visibility, and flexible redevelopment or leasing potential, 1510 W 87th St is well-suited for investors or owner-users seeking a value-add commercial opportunity. The property may also be purchased individually or as part of a package with 1513 W 87th St across the street.

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 17,479

Style

Commercial

Lot Size

0.3823

Year Built

1948

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12545782

Features
General
Cooling None
Utilities Electric to Site Natural Gas Available Water Available
Possession Closing
Zoning RTAIL
Construction Materials Brick Stone
Year Built 1948
Electric Fuses
Stories Count 1
Township Lake
Property Subtype Retail
Tax Year 2024
Current Use Commercial
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 370
Insurance Expense 200
Property Type Commercial Sale Retail/Stores
Status New
Directions South Ashland Ave To W 87th St
City Chicago
Number Of Units Total 1
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 16653
Tax Annual Amount 17479
Trash Expense 120
Water Sewer Expense 50
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Water Source Shared Well
Building Area Total 2000
Lot Dimensions 130 x 130
Frontage Type City Street
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* Excluded Features
List By
Realty Of America, Llc

Broker

hugo.sanchez@realtyofamerica.com;re.homeswithhugo@gmail.com

Email

Affordability Calculator

$3,612
Per Month
60%
40%
0%
Monthly Principal & Interest
$2,155
Monthly Property Taxes
$1,457
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2026$350,000 Listed Price

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1510 W 87th Street, Chicago, IL, 60620 is a Commercial Property for sale at $350,000 with 2,000 sqft and a lot size of 0.3823. 1510 W 87th Street was built in 1948. The property's zip code is 60620 which is in Chicago, IL