$650,000
1859 E 87th Street
Chicago, IL, 60617
Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it’s located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 4 Storefronts are leased , 2 are ready for you to bring your vision to life . There are currently two beauty shops, a real estate office, and a mailing center. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don’t miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!
Property Details
Price:
$650,000
MLS #:
MRD11983600
Status:
Active
Beds:
0
Baths:
0
Address:
1859 E 87th Street
Type:
Commercial
Subtype:
Apts/Stores
City:
Chicago
Listed Date:
Feb 16, 2024
State:
IL
Finished Sq Ft:
2,900
ZIP:
60617
Year Built:
1963
Schools
Interior
Cooling
Window Unit(s)
Exterior
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT. FOR COMMERCIAL LEASE PROPERTIES, NET COMPENSATION MAY BE PAID ON NEGOTIATED VARIABLES AS INDICATED IN THE COMPENSATION/COMMISSION AGREEMENT.Net Sale Price
Tax Year
2022
Taxes
$5,062
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 6030 S Prairie Avenue
Chicago, IL$775,000
3.94 miles away
- 502 E 74th Street
Chicago, IL$775,000
2.39 miles away
- 7656 S Saginaw Avenue
Chicago, IL$750,000
1.59 miles away
- 5163 S Wabash Avenue
Chicago, IL$749,900
4.95 miles away
- 10942 S Halsted Street
Chicago, IL$749,000
4.41 miles away
- 1401 E 69th Place
Chicago, IL$712,500
2.29 miles away
- 7141 S Jeffery Boulevard
Chicago, IL$700,000
1.95 miles away
- 318 E 74th Street
Chicago, IL$699,900
2.58 miles away
- 7736 S Kingston Avenue
Chicago, IL$699,900
1.45 miles away
- 7530 S Saginaw Avenue
Chicago, IL$699,000
1.74 miles away
Courtesy of Keller Williams Preferred Rlty. 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.
1859 E 87th Street
Chicago, IL
LIGHTBOX-IMAGES