SQUARE FEET2,930
MLS#12650434
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.14 Acres
Roof Type: Tar/Gravel
Stories: 1.0
Taxes: $7,269
Year Built: 1946
Feature Descriptions
Current Use: Commercial, Other
Electric: Circuit Breakers, Service - 101 to 200 Amps
Exterior: Brick, Concrete
Fire Protection: Alarm On Site, Smoke or Fire Protectors
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air
Location: Commercial Business Park, Mixed Use Area, Public Transport Avail
Lot Dimensions: 40X150
Parcel#: 25011070070000
Parking: 6-12 Spaces
Units: 3
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Ford Desired Real Estate LLC
Agency Phone: 773-379-4663
Shown By
Agent Name: Jackie Tabor
Agent Phone: (815) 520-6134
Agency Title: Gambino Realtors
Jackie Tabor
Office: (815) 282-2222 ext. 1419
Cell: (815) 520-6134
Fax: (815) 282-2268
Direct: (815) 637-0176
Email Me
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1851 E 87th Street | MLS# 12650434
This commercial property located at 1851 E 87th Street, Chicago, IL 60617 is currently listed for sale with an asking price of $499,000. Search Chicago real estate on jtabor.gogambino.com today.