Address
1420 E 87th Street, Chicago, IL
Price
$ 370,000
Property Attributes
- MLS#12031036
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Avalon Park
- NeighborhoodAvalon Park
- Zip60619
- StyleCommercial
- Year Built1959
- Taxes$ 2400
- Price$ 370,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7870
- Lot Size0.07174 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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 .
| Price History | |
|---|---|
| 4/26/2024 | Listed $370,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing |
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1959 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Heat |
| Stories | 2 |
| Township | South Chicago |
| Property SubType | Apts/Ofc/Store,Apts/Ofc,Apts/Stores,Ofc/Store |
| Tax Year | 2022 |
| Current Use | Commercial |
| County | Cook |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Possible Use | Commercial,Retail,Other |
| Status | Contingent |
| Directions | Stony North to 87th East |
| City | Chicago |
| Total Units | 2 |
| MLS Area | CHI - Avalon Park |
| Lot Size Square Feet | 3125 |
| Street Name | 87th |
| Tax Annual Amount | 2400.4 |
| Additional Parcels Y/N | Yes |
| Virtual Tour | https://listings.virtualvista3d.com/sites/damkkme/unbranded |
| Days on Market | 19 |
| Lease Type | N/A |
| Standard Status | Active Under Contract |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Building Area Total | 7870 |
|---|---|
| Lot Dimensions | 3125 |
| Frontage Type | City Street,Public Road |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60619
Price
Taxes
Visits
Year Built
