1851 E 87th Street
Chicago, IL, 60617
$499,000
Beds
0 Baths
0 SqFt
0 Acres
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$499,000
1851 E 87th Street
Chicago, IL, 60617
MLS #MRD12650434 image #0MLS #MRD12650434 image #1MLS #MRD12650434 image #2MLS #MRD12650434 image #3MLS #MRD12650434 image #4MLS #MRD12650434 image #5MLS #MRD12650434 image #6MLS #MRD12650434 image #7MLS #MRD12650434 image #8MLS #MRD12650434 image #9MLS #MRD12650434 image #10MLS #MRD12650434 image #11MLS #MRD12650434 image #12MLS #MRD12650434 image #13MLS #MRD12650434 image #14MLS #MRD12650434 image #15MLS #MRD12650434 image #16MLS #MRD12650434 image #17MLS #MRD12650434 image #18
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.

Property Details

Price:
$499,000
MLS #:
MRD12650434
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chicalumetheights
Listed Date:
May 19, 2026
Total Sq Ft:
2,930
Year Built:
1946
Chi – Calumet HeightsChicalumetheights

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Concrete
Roof
Tar/Gravel
Stories
1

Financial

HOA Fee Frequency
Annually
Tax Year
2025
Taxes
$7,269
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Current real estate data for Commercial in Chicago as of Jun 30, 2026
924
Commercial Listed
183
Avg DOM
$998,980
Avg List Price

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Property Summary

    1851 E 87th Street Chicago IL is a Commercial for sale in Chicago, IL, 60617. It is listed for $499,000 To schedule a showing of MLS#mrd12650434 at 1851 E 87th Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1851 E 87th Street
Chicago, IL