There are multiple listings for this address:
Value Add Mixed-Use Opportunity in Chicago’s Auburn Gresham Neighborhood. 1513 W 87th St presents a solid mixed-use investment featuring 11 total unit: 8 residential apartments and 3 commercial storefronts, offering immediate income with long-term upside. The residential component includes eight 1-bedroom, 1-bath units, with four units on the second floor and four on the third floor. All units feature similar layouts and are occupied by long-term tenants on month-to-month leases, currently renting at $750 per month, providing stable cash flow with flexibility for future rent growth. The three commercial storefronts, located on the first floor, offer excellent street visibility and can be utilized for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing, allowing a new owner to set market rents or occupy the space. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement offering additional storage or potential value add opportunities. This property is ideal for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. Package Opportunity: A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.
Property Details
Price:
$950,000
MLS #:
MRD12704452
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiauburngresham
Listed Date:
Jul 14, 2026
Year Built:
1929
See this Listing
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick, Stone
Stories
3
Financial
Tax Year
2024
Taxes
$15,430
Map
Community
- Address1513 W 87th Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60620
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
908
Commercial Listed
185
Avg DOM
$1,019,529
Avg List Price
Property Summary
- 1513 W 87th Street Chicago IL is a Commercial for sale in Chicago, IL, 60620. It is listed for $950,000
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Copyright 2026. All rights reserved.
1513 W 87th Street
Chicago, IL
Value Add Mixed-Use Opportunity in Chicago’s Auburn Gresham Neighborhood. 1513 W 87th St presents a solid mixed-use investment featuring 11 total unit: 8 residential apartments and 3 commercial storefronts, offering immediate income with long-term upside. The residential component includes eight 1-bedroom, 1-bath units, with four units on the second floor and four on the third floor. All units feature similar layouts and are occupied by long-term tenants on month-to-month leases, currently renting at $750 per month, providing stable cash flow with flexibility for future rent growth. The three commercial storefronts, located on the first floor, offer excellent street visibility and can be utilized for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing, allowing a new owner to set market rents or occupy the space. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement offering additional storage or potential value add opportunities. This property is ideal for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. Package Opportunity: A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.
Property Details
Price:
$950,000
MLS #:
MRD12704484
Status:
Active
Beds:
1
Baths:
2
Type:
Commercial
Neighborhood:
chiauburngresham
Listed Date:
Jul 14, 2026
Year Built:
1929
See this Listing
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick, Stone
Stories
3
Financial
Tax Year
2024
Taxes
$15,430
Map
Community
- Address1513 W 87th Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60620
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
908
Commercial Listed
185
Avg DOM
$1,019,529
Avg List Price
Property Summary
- 1513 W 87th Street Chicago IL is a Commercial for sale in Chicago, IL, 60620. It is listed for $950,000


