1401 E 87th Street
Chicago, IL, 60619
$390,000
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0 Baths
0 SqFt
0 Acres
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MLS #MRD12553969 image #0
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.

Property Details

Price:
$390,000
MLS #:
MRD12553969
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chicalumetheights
Listed Date:
Jan 23, 2026
Total Sq Ft:
6,826
Year Built:
1958
Chi – Calumet HeightsChicalumetheights

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Schools

Interior

Cooling
Central Air, Window Unit(s)

Exterior

Construction Materials
Brick
Stories
2

Financial

Net Operating Income
$44,636
Tax Year
2024
Taxes
$5,191

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Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 07, 2026
887
Commercial Listed
185
Avg DOM
$1,022,243
Avg List Price

Property Summary

    1401 E 87th Street Chicago IL is a Commercial for sale in Chicago, IL, 60619. It is listed for $390,000

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