Chicago, IL 60617 1851 E 87th Street
$524,900



14 more














Presented By: Ford Desired Real Estate LLC
Home Details
EXCELLENT owner-user or investor opportunity on Chicago's East 87th Street commercial corridor. This one-story commercial storefront property includes 2 PIN numbers, approximately 2,930 sq ft of building area, approximately 6,250 sq ft of land, 3 units, and 3 bathrooms. The property underwent substantial renovations in 2023, with reported improvements totaling over $362,000, including work related to architectural services, demolition, masonry/storefront, carpentry, roofing, drywall/ceiling, flooring, painting, plumbing, HVAC, electrical, and cleaning. The sale also includes business-related assets, with approximately $20,000 in equipment and $24,000 in fixtures, creating a strong turnkey opportunity for the next operator or investor. Located along a visible commercial stretch of E 87th St, this property offers strong neighborhood exposure and flexible use potential for retail, service, office, or business operations. The 3-unit configuration provides added functionality for an owner-occupant, multi-tenant setup, or income-producing strategy. With major capital improvements already completed, and a larger two-parcel site, this is a rare opportunity. Property is being sold as-is.
Presented By: Ford Desired Real Estate LLC
General for 1851 E 87th Street
Additional Parcels Description25011070080000
Additional Parcels Y/NYes
Assoc Fee Paid PerAnnually
Business TypeRetail
CityChicago
Construction MaterialsBrick, Concrete
CoolingCentral Air
CountyCook
Current UseCommercial, Other
Directions87th Street east to location, South side of 87th Street.
ElectricCircuit Breakers, Service - 101 to 200 Amps
Leasable Area2930
Lot Size Square Feet6250
MLS AreaCHI - Calumet Heights
Net Operating Income
Number Of Units Total3
Operating Expense0
PossessionClosing
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofTar/Gravel
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount7269.04
Tax Year2025
TownshipSouth Chicago
UtilitiesElectric to Site, Natural Gas Available
Year Built1946
ZoningRTAIL
Exterior for 1851 E 87th Street
Building Area Total2930
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions40X150
Water SourceMunicipal Water
Additional Details
Price History

SQFT • 2,930