Chicago, IL 60619 1420 E 87th Street

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Presented By: eXp Realty, LLC
  • MLS# 12031036
  • 04/25/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 7,870

Home Details

Located at 1420 E 87th in Chicago's vibrant Avalon Park community, this unique mixed-use gem offers endless potential for investors and entrepreneurs alike. This masonry exterior building has been transformed into an entertainment venue, revitalizing the historic space. With a building size of 7,870 sq ft, two units including a residential apartment and a commercial space, and a lot size of 3,125 sq ft, this property offers ample space and flexibility for various uses. Zoned B3-1 and situated in a bustling area with high visibility and easy access to amenities, transportation, and a diverse customer base, this property is ideal for creative entrepreneurs looking to continue the entertainment venue concept or explore new possibilities such as a restaurant, cafe, art gallery, retail space, educational center, medical center. Additionally, the upper-level apartment provides a convenient living space or rental income opportunity. With its unique history and layout, this property is a prime candidate for adaptive reuse projects and offers a smart investment with multiple revenue streams. This property has multiple PINs. 1424 E. 87th includes PIN 20354130400000/Taxes for 2022 were $3407.46. 1420 E. 87th includes PIN 20354130390000/Taxes for 2022 were $2400.40. 1418 E. 87th includes PIN 20354130380000/Taxes for 2022 were $1047.55. 1414 E. 87th includes PIN 20354130370000/Taxes for 2022 were $1,080.19.
Presented By: eXp Realty, LLC

General for 1420 E 87th Street

Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
Current UseCommercial
Days on Market159
DirectionsStony North to 87th East
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income
Insurance Expense
Lease TypeN/A
Lot Size Square Feet3125
MLS AreaCHI - Avalon Park
NumberOfUnitsTotal2
PossessionClosing
Possible UseCommercial, Retail, Other
Property SubTypeApts/Ofc/Store, Apts/Ofc, Apts/Stores, Ofc/Store
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount2400.4
Tax Year2022
Tenant PaysElectricity, Heat
TownshipSouth Chicago
Trash Expense0
Water Sewer Expense0
Year Built1959
ZoningCOMMR

Exterior for 1420 E 87th Street

Building Area Total7870
ExteriorBrick
Frontage TypeCity Street, Public Road
Lot Dimensions3125

Additional Details

Price History

Worth Clark

Price $370,000
MLS#12031036
List Date 04/25/2024
Property Type Contingent
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