1401 E 87th Street Chicago, IL $ 390,000
1401 E 87th Street
$ 390,000
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1401 E 87th Street

Chicago, IL, 60619
$ 390,000
Bedrooms-- Baths-- Sq 6,826

Monthly Estimate*

$ 2,401

1401 E 87th Street, Chicago, IL 60619 - Image 1
1401 E 87th Street, Chicago, IL 60619 - Image 2
1401 E 87th Street, Chicago, IL 60619 - Image 3
1401 E 87th Street, Chicago, IL 60619 - Image 4
1401 E 87th Street, Chicago, IL 60619 - Image 5

Commercial Property for sale in Chicago, IL

for $390,000. This 6,826 square foot building was built in 1958 on a lot size of 0.094697.

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.

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Commercial Active

Price

$ 390,000

Property Type

Commercial

Taxes

$ 5,191

Style

Lot Size

0.094697

Year Built

1958

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12553969

Features
General
Cooling Central Air Window Unit(s)
Possession Closing
Construction Materials Brick
Year Built 1958
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Electricity
Stories Count 2
Township Hyde Park
Property Subtype Mixed Use
Tax Year 2024
Gross Income 6500
County Cook
Net Operating Income 44636
Operating Expense 33364
Insurance Expense 5755
Property Type Commercial Sale Mixed Use
Status New
Directions 87th Street to S. Dorchester. Building is on the southeast corner.
City Chicago
Number Of Units Total 5
MLS Area CHI - Calumet Heights
Lot Size Square Feet 4125
Tax Annual Amount 5191
Electric Expense 2006
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 6826
Lot Dimensions 4125
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

ptuggle@atproperties.com

Email

Affordability Calculator

$2,834
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,401
Monthly Property Taxes
$433
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
1/24/2026$390,000 Listed Price

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1401 E 87th Street, Chicago, IL, 60619 is a Commercial Property for sale at $390,000 with 6,826 sqft and a lot size of 0.094697. 1401 E 87th Street was built in 1958. The property's zip code is 60619 which is in Chicago, IL