1420 87Th StChicago, IL 60619

For Sale
$370,000

Chicago gem: 2 units, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 1420 E 87th St in Chicago's vibrant Avalon Park community, presents a compelling investment opportunity. The 7,870 square foot building, situated on a 3,125 square foot lot, features two units: a commercial space and a residential apartment. Currently vacant, this two-story masonry building offers immense flexibility for a variety of uses, including but not limited to a restaurant, cafe, art gallery, retail space, educational center, or medical center. The B3-1 zoning allows for diverse business ventures. The property boasts 18 parking spaces and benefits from high visibility and convenient access to amenities and transportation. The upper-level apartment provides additional income potential or convenient living space. This property is ideal for adaptive reuse projects and offers multiple revenue streams. The combined 2022 property taxes for the multiple PINs associated with this property totaled $7,875.60. This is a prime opportunity for owner-users seeking a unique and versatile investment in a thriving Chicago neighborhood. The property's history as an entertainment venue adds to its character and potential.

Highlights

  • 7,870 SF mixed-use building on a 3,125 SF lot in Chicago's Avalon Park neighborhood.
  • Currently vacant, with potential for restaurant, retail, or other uses.
  • B3-1 zoning allows for diverse business ventures.
  • Features 18 parking spaces and high visibility.
  • Includes a residential apartment offering additional income potential.
  • 2022 property taxes totaled $7,875.60.

Property Details for 1420 87Th St

Property type
Day care centers & nurseries, Other retail properties
Class
C
Buildings
1
Stories
2
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.736880833328
Longitude
-87.589402474777
1420 87Th St, Chicago, Illinois

FAQs

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1420 87Th St
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