Chicago, IL 60617 1859 E 87th Street

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Presented By: Keller Williams Preferred Rlty
  • MLS# 11983600
  • 02/16/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 2,900

Home Details

Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it's located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 4 Storefronts are leased , 2 are ready for you to bring your vision to life . There are currently two beauty shops, a real estate office, and a mailing center. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don't miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!
Presented By: Keller Williams Preferred Rlty

Interior Features for 1859 E 87th Street

Other Interior Features

Street SuffixStreet

General for 1859 E 87th Street

Additional Parcels Y/NNo
CityChicago
CoolingWindow Unit(s)
CountyCook
Days on Market61
DirectionsSouth on Anthony to Yates Turn left onto East 87th Street South to Bennett
ElectricCircuit Breakers
Electric Expense62
Fuel Expense552
Gross Income108840
Insurance Expense368
Lot Size Square Feet4070
MLS AreaCHI - Calumet Heights
Net Operating Income89736
NumberOfUnitsTotal12
Operating Expense19104
Property SubTypeApts/Stores
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount5062.45
Tax Year2022
Tenant PaysElectricity, Sewer
Trash Expense153
Water Sewer Expense454
Year Built1963

Exterior for 1859 E 87th Street

Building Area Total2900
ExteriorBrick
Lot Dimensions4, 070

Additional Details

Price History

Worth Clark

Price $650,000
MLS#11983600
List Date 02/16/2024
Property Type Commercial
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