Listing provided courtesy of Ford Desired Real Estate LLCMREDas Distributed by MLSGrid- MLS# 12650434
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Request Info1851 E 87th StreetChicago, IL 60617
Commercial · 2,930 Sq. ft.$499,000
Active
1851 E 87th Street Overview
- Time on Site:
- 42 days
- Visits:
- 1
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.
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1851 E 87th Street Facts & Features
- Type Commercial
- Sq. ft. 2,930
- Price/Sq.ft. $170
Details
General
Association/HOA
- Association Fee Frequency: Annually
Income/Expenses
- Net Operating Income: 0
- Operating Expense: 0
Building Information
- Year Built: 1946
Business Information
- Business Type: Retail
- Current Use: Commercial,Other
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Calumet Heights
- Township: South Chicago
Tax Information
- Tax Annual Amount: $7,269.04
- Tax Year: 2025
General Information
- Parcel Number: 25011070070000
- Property Type: Commercial Sale
- Zoning: RTAIL
Interior
Building Interior
- Building Area Total: 2930
General Information
- Cooling: Central Air
- Electric: Circuit Breakers, Service - 101 to 200 Amps
- Foundation Details: Concrete Perimeter
- Leasable Area: 2930
- Stories: 1
Unit Information
- Unit SqFt.: 975
Exterior
Lot Information
- Additional Parcels: Yes
- Frontage Type: City Street
- Lot Size Dimensions: 40X150
- Lot Size Square Feet: 6250
- Water Source: Municipal Water
Building Exterior/Construction
- Construction Materials: Brick, Concrete
- Roof: Tar/Gravel
General Information
- Number Of Units Total: 3
- Utilities: Electric to Site,Natural Gas Available
1851 E 87th Street Neighborhood
Community
60617 (Chicago) Demographics
37
Median Age
5,348
Population Density (per sq. mile)
28%
College Educated
$43,642
Estimated Median Income
16,451
Estimated Total Home Owners
12,722
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1851 E 87th Street Monthly Cost
1851 E 87th Street Market Data
Based on the last 30 days in this zip code
$215,942
Average List Price
$154
Average Price per Square Foot
36
Properties Sold
86
Average Days on Market
161
Properties for Sale
1851 E 87th Street History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: MRED | Active |
|
| 6/21/2026Source: MRED | $499,000 -4.9% |
|
| 6/21/2026Source: MRED | Price Change |
|
| 5/24/2026Source: MRED | Active |
|
| 5/19/2026Source: MRED | May 19, 2026 |