Chicago, IL 60619 1401 E 87th Street

1401 E 87th Street Chicago, IL - Image 11401 E 87th Street Chicago, IL - Image 21401 E 87th Street Chicago, IL - Image 3
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1401 E 87th Street Chicago, IL - Image 4
Presented By: @properties Christie's International Real Estate
  • MLS# 11820183
  • 06/29/2023
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 6,826

Home Details

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.
Presented By: @properties Christie's International Real Estate

Interior Features for 1401 E 87th Street

Other Interior Features

Street SuffixStreet

General for 1401 E 87th Street

Additional Parcels Y/NNo
CityChicago
ContingencyAttorney/Inspection
CoolingCentral Air, Window Unit(s)
CountyCook
Days on Market462
Directions87th Street to S. Dorchester. Building is on the southeast corner.
ElectricCircuit Breakers, Service - 101 to 200 Amps
Electric Expense2006
Fuel Expense
Gross Income6500
Insurance Expense5755
Lot Size Square Feet4125
MLS AreaCHI - Calumet Heights
Net Operating Income44636
NumberOfUnitsTotal5
Operating Expense33364
PossessionClosing
Property SubTypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount3279.89
Tax Year2023
Tenant PaysElectricity
Trash Expense0
Water Sewer Expense0
Year Built1958

Exterior for 1401 E 87th Street

Building Area Total6826
ExteriorBrick
Lot Dimensions4125

Additional Details

Price History

Worth Clark

Price $399,000
MLS#11820183
List Date 06/29/2023
Property Type Contingent
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