$370,000
1420 E 87th Street
Chicago, IL, 60619
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
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of eXp Realty, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
1420 E 87th Street
Chicago, IL
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