1851 E 87th Street
Chicago, IL, 60617 $ 524,900
Bedrooms-- Baths-- Sq 2,930 Monthly Estimate*
$ 3,232
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.
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FeaturesGeneralCooling 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
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ExteriorWater Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 2930
Lot Dimensions 40X150
Frontage Type City Street
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* Excluded FeaturesList ByFord Desired Real Estate LlcBroker
kanaan.closed.it@gmail.comEmail
Affordability Calculator
- 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 NearbyCommerical listings in Chicago, IL
Average List Price $961,989
Percent of Sale Price 83%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/19/2026 | $524,900 | | Listed Price |