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1401 E 87th Street Chicago, IL 60619

$390,000
Active / MLS# 12553969 / Commercial - Business / Chicago
0 Beds
6826 SqFt

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.

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Baird & Warner Coleen Grenier Agent Cell: 312.246.3523 Email

Property Details

Property Type: Commercial - Business
Cooling: Central Air, Window Unit(s)
Lot Size: 0.09 Acres
Stories: 2.0
Taxes: $5,191
Year Built: 1958

Feature Descriptions

Electric: Circuit Breakers, Service - 101 to 200 Amps
Exterior: Brick
Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
HVAC: Other
Lot Dimensions: 4125
Parcel#: 25022050010000
Parking: 13-18 Spaces
Tenant Pays: Electricity
Units: 5

Location

See details and scored characteristics about this location.

Listing Office: @properties Christie's International Real Estate

Listing Office Phone: 773-472-0200



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