1401 E 87th Street Chicago, IL $ 399,000
1401 E 87th Street
$ 399,000
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1401 E 87th Street

Chicago, IL, 60619
$ 399,000
Baths0.0 Sq 6,826

Monthly Estimate*

$ 2,652

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
Studio

Commercial Property for sale in Chicago, IL

for $399,000. This 6,826 square foot building was built in 1958 on a lot size of 0.094697.

Well maintained 10,375 sf mixed-use building having 6,058 sf of building area is situated along the busy 87th Street business corridor. The building has ground floor office space, consisting of two occupied medical offices and one 800 SF space, freshly painted and ready to rent or house your business. The second floor has two apartments (a 1-bed, 1-bath and a 3-bed, 2-bath). The offices are interconnected and could all be occupied by a single tenant or could remain leased to two or more tenants. The property includes 14 on-site parking spaces. All tenants are long term. Easy access to the Dan Ryan Expressway, CTA Red Line, CTA bus #87 and Metra. Neighboring businesses include McDonald's, O'Reilly Auto Parts, a Clarks gas station, and several offices, retail and commercial services. Strip mall located a few blocks east houses both national and regional tenants, including Athletico, T-Mobile, Wing Stop, H and R Block and Pete's Produce grocery store. Solid building, below market rents, great location with steady traffic flow of 13,500 vehicles per day....makes for a great investment opportunity.

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Commercial Active

Price

$ 399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,573

Style

Lot Size

0.094697

Year Built

1958

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11820183

Features
General
Cooling Central Air Window Unit(s)
Possession Closing
Year Built 1958
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Electricity
Stories 2
Property SubType Mixed Use
Tax Year 2021
Gross Income 6500
County Cook
Net Operating Income 44636
Operating Expense 33364
Insurance Expense 5755
Property Type Commercial Sale Mixed Use
Status Active
Directions 87th Street to S. Dorchester. Building is on the southeast corner.
City Chicago
NumberOfUnitsTotal 5
MLS Area CHI - Calumet Heights
Lot Size Square Feet 4125
Street Name 87th
Tax Annual Amount 7573
Electric Expense 2006
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 345
Standard Status Active
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Exterior
Building Area Total 6826
Lot Dimensions 4125
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

ptuggle@atproperties.com

Email

Affordability Calculator

$3,283
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,652
Monthly Property Taxes
$631
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2024$399,000 -2.68% Price Down
10/9/2023$410,000 -10.87% Price Down
6/29/2023$460,000 Listed Price

Map


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1401 E 87th Street, Chicago, IL, 60619 is a Commercial Property for sale at $399,000 with 6,826 sqft and a lot size of 0.094697. 1401 E 87th Street is a studio with 0.0 baths and was built in 1958. The property's zip code is 60619 which is in Chicago, IL