1401 E 87th ST

Chicago,IL 60619

$ 399000

- Bed

0 Bath

6826 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,826 sqft

Price per Sqft $58

MLS Listing ID 11820183

Year Built 1958

Annual Tax Amount $3,279

Tax Year 2023

Lot Dimensions 4125

Property Description

Well maintained 10,375 sf mixed-use building having 6,058 sf of building area is situated along the busy 87th Street business corridor. The building has ground floor office space, consisting of two occupied medical offices and one 800 SF space, freshly painted and ready to rent or house your business. The second floor has two apartments (a 1-bed, 1-bath and a 3-bed, 2-bath). The offices are interconnected and could all be occupied by a single tenant or could remain leased to two or more tenants. The property includes 14 on-site parking spaces. All tenants are long term. Easy access to the Dan Ryan Expressway, CTA Red Line, CTA bus #87 and Metra. Neighboring businesses include McDonald's, O'Reilly Auto Parts, a Clarks gas station, and several offices, retail and commercial services. Strip mall located a few blocks east houses both national and regional tenants, including Athletico, T-Mobile, Wing Stop, H and R Block and Pete's Produce grocery store. Solid building, below market rents, great location with steady traffic flow of 13,500 vehicles per day....makes for a great investment opportunity.

Location

State IL

County Cook

Area Chi - Calumet Heights

Interior

Cooling Central Air,Window Unit(s)

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 2

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