1401 E 87th Street,Chicago, IL 60619
Chicago, IL 60619
Description
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.
Details
| MLS # | 12553969 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1958 |
| Days On Site | 237 |
| Listing Provided By | @properties Christie's International Real Estate | Pamela Tuggle |
Features
| SQ Feet | 6,826 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Acreage | 4125.00 |
Interior
| Cooling | Central Air, Window Unit(s) |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Circuit Breakers, Service - 101 to 200 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 5191 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60619 |
| Area | CHI Calumet Heights |
| Listing VS Median (in 60619) | |
Price: $390,000 low | high Med: $172,500 sqft: 6,826 low | high Med: 1,916 $ / sqft: $57 low | high Med: $90 On site: 237 low | high Med: 85 | |
Market Activity 60619
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60619 |
| Area | CHI Calumet Heights |
| Listing VS Median (in 60619) | |
Price: $390,000 low | high Med: $172,500 sqft: 6,826 low | high Med: 1,916 $ / sqft: $57 low | high Med: $90 On site: 237 low | high Med: 85 | |