1420 E 87th Street
Chicago, IL, 60619
$370,000
Beds
0 Baths
7,870 SqFt
0 Acres
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$370,000
1420 E 87th Street
Chicago, IL, 60619
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Located at 1420 E 87th in Chicago’s vibrant Avalon Park community, this unique mixed-use gem offers endless potential for investors and entrepreneurs alike. This masonry exterior building has been transformed into an entertainment venue, revitalizing the historic space. With a building size of 7,870 sq ft, two units including a residential apartment and a commercial space, and a lot size of 3,125 sq ft, this property offers ample space and flexibility for various uses. Zoned B3-1 and situated in a bustling area with high visibility and easy access to amenities, transportation, and a diverse customer base, this property is ideal for creative entrepreneurs looking to continue the entertainment venue concept or explore new possibilities such as a restaurant, cafe, art gallery, retail space, educational center, medical center. Additionally, the upper-level apartment provides a convenient living space or rental income opportunity. With its unique history and layout, this property is a prime candidate for adaptive reuse projects and offers a smart investment with multiple revenue streams. This property has multiple PINs. 1424 E. 87th includes PIN 20354130400000/Taxes for 2022 were $3407.46. 1420 E. 87th includes PIN 20354130390000/Taxes for 2022 were $2400.40. 1418 E. 87th includes PIN 20354130380000/Taxes for 2022 were $1047.55. 1414 E. 87th includes PIN 20354130370000/Taxes for 2022 were .

Property Details

Price:
$370,000
MLS #:
MRD12031036
Status:
Active
Beds:
0
Baths:
0
Address:
1420 E 87th Street
Type:
Commercial
Subtype:
Apts/Ofc/Store,Apts/Ofc,Apts/Stores,Ofc/Store
City:
Chicago
Listed Date:
Apr 25, 2024
State:
IL
Finished Sq Ft:
7,870
ZIP:
60619
Year Built:
1959

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
2.5%-$1000Gross Sale Price
Tax Year
2022
Taxes
$2,400
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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1420 E 87th Street
Chicago, IL