$399,999
( $136.52Per Sq Foot )
 $2,147 est/mo Sourced by Back At You

1851 E 87th Street,Chicago, IL 60617

Chicago, IL 60617

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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.

Details

MLS #12650434
Listing TypeFor Sale
StyleRetail/stores
Sub-TypeResale
StatusActive
Year1946
Days On Site122
Listing Provided ByFord Desired Real Estate LLC | Kanaan Deer

Features

SQ Feet2,930
Story(s)1
Units3
ZoningRTAIL

Interior

CoolingCentral Air

Exterior

RoofTar/Gravel
Foundation DetailsConcrete Perimeter
Construction MaterialsBrick, Concrete

Utilities

UtilitiesElectric to Site, Natural Gas Available
ElectricCircuit Breakers, Service - 101 to 200 Amps

Taxes

Tax Year2025
Tax Annual Amount7269.04

Area Information

StateIL
CountyCook
CityChicago
Zip Code60617
AreaCHI Calumet Heights
Listing VS Median (in 60617)
Price:
$399,999
low | high
Med:
$205,000
98.74987187468% of Average
sqft:
2,930
low | high
Med:
1,539
97.491467576792% of Average
$ / sqft:
$137
low | high
Med:
$135
51.309076075886% of Average
On site:
122
low | high
Med:
63.5
100% of Average
Sourced by Back At You

Market Activity 60617

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Learn More About This Property

Chicagoland Brokers Inc

Chicagoland Brokers Inc

 (773) 317-4414e_orlovska@yahoo.com
StateIL
CountyCook
CityChicago
Zip Code60617
AreaCHI Calumet Heights
Listing VS Median (in 60617)
Price:
$399,999
low | high
Med:
$205,000
98.74987187468% of Average
sqft:
2,930
low | high
Med:
1,539
97.491467576792% of Average
$ / sqft:
$137
low | high
Med:
$135
51.309076075886% of Average
On site:
122
low | high
Med:
63.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $299K - $499K
sqft: 2,000 - 3,500
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1742 E 87th Street Property Photo 1
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1742 E 87th Street
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2014 E 87th Street Property Photo 1
$375,000
2014 E 87th Street
Chicago, IL 60617
8550 S Jeffery Boulevard Property Photo 1
$339,900
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Chicago, IL 60617
Listing Updated: August 28, 2026 at 11:14:23 PM PDT
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