1851 E 87th Street Chicago, IL $ 524,900
1851 E 87th Street
$ 524,900
Recently Listed
Share Save

1851 E 87th Street

Chicago, IL, 60617
$ 524,900
Bedrooms-- Baths-- Sq 2,930

Monthly Estimate*

$ 3,232

1851 E 87th Street, Chicago, IL 60617 - Image 1
1851 E 87th Street, Chicago, IL 60617 - Image 2
1851 E 87th Street, Chicago, IL 60617 - Image 3
1851 E 87th Street, Chicago, IL 60617 - Image 4
1851 E 87th Street, Chicago, IL 60617 - Image 5
1851 E 87th Street, Chicago, IL 60617 - Image 6
1851 E 87th Street, Chicago, IL 60617 - Image 7
1851 E 87th Street, Chicago, IL 60617 - Image 8
1851 E 87th Street, Chicago, IL 60617 - Image 9
1851 E 87th Street, Chicago, IL 60617 - Image 10
1851 E 87th Street, Chicago, IL 60617 - Image 11
1851 E 87th Street, Chicago, IL 60617 - Image 12
1851 E 87th Street, Chicago, IL 60617 - Image 13
1851 E 87th Street, Chicago, IL 60617 - Image 14
1851 E 87th Street, Chicago, IL 60617 - Image 15
1851 E 87th Street, Chicago, IL 60617 - Image 16
1851 E 87th Street, Chicago, IL 60617 - Image 17
1851 E 87th Street, Chicago, IL 60617 - Image 18
1851 E 87th Street, Chicago, IL 60617 - Image 19

Commercial Property for sale in Chicago, IL

for $524,900. This 2,930 square foot building was built in 1946 on a lot size of 0.14348.

EXCELLENT owner-user or investor opportunity on Chicago's East 87th Street commercial corridor. This one-story commercial storefront property includes 2 PIN numbers, approximately 2,930 sq ft of building area, approximately 6,250 sq ft of land, 3 units, and 3 bathrooms. The property underwent substantial renovations in 2023, with reported improvements totaling over $362,000, including work related to architectural services, demolition, masonry/storefront, carpentry, roofing, drywall/ceiling, flooring, painting, plumbing, HVAC, electrical, and cleaning. The sale also includes business-related assets, with approximately $20,000 in equipment and $24,000 in fixtures, creating a strong turnkey opportunity for the next operator or investor. Located along a visible commercial stretch of E 87th St, this property offers strong neighborhood exposure and flexible use potential for retail, service, office, or business operations. The 3-unit configuration provides added functionality for an owner-occupant, multi-tenant setup, or income-producing strategy. With major capital improvements already completed, and a larger two-parcel site, this is a rare opportunity. Property is being sold as-is.

See more

Commercial Active

Price

$ 524,900

Property Type

Commercial

Taxes

$ 7,269

Style

Retail

Lot Size

0.14348

Year Built

1946

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12650434

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Roof Tar/Gravel
Zoning RTAIL
Construction Materials Brick Concrete
Year Built 1946
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 1
Township South Chicago
Tax Year 2025
Current Use Commercial Other
Business Type Retail
Additional Parcels Description 25011070080000
Assoc Fee Paid Per Annually
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Retail/Stores
Status New
Directions 87th Street east to location South side of 87th Street.
City Chicago
Number Of Units Total 3
MLS Area CHI - Calumet Heights
Lot Size Square Feet 6250
Tax Annual Amount 7269.04
Additional Parcels Y/N Y
Leasable Area 2930
Standard Status Active
See more
Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 2930
Lot Dimensions 40X150
Frontage Type City Street
See more
* Excluded Features
List By
Ford Desired Real Estate Llc

Broker

kanaan.closed.it@gmail.com

Email

Affordability Calculator

$3,838
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,232
Monthly Property Taxes
$606
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2026$524,900 Listed Price

Map


See all

1851 E 87th Street, Chicago, IL, 60617 is a Commercial Property for sale at $524,900 with 2,930 sqft and a lot size of 0.14348. 1851 E 87th Street was built in 1946. The property's zip code is 60617 which is in Chicago, IL