Address
1639 E 87th Street, Chicago, IL
Price
$ 249,000
Property Attributes
- MLS#11886052
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Calumet Heights
- NeighborhoodCalumet Heights
- Zip60617
- StyleCommercial
- Year Built1958
- Taxes$ 12770
- Price$ 249,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4000
- Lot Size6,100 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Tremendous Investment opportunity near one of Chicago's busiest and historically solid corridors. Near the corner of Stony Island Avenue and 87th Street your national co-tenants include Walgreens, Citibank, CVS, Checkers and highly respected Chicago local tenants including Mayfair Dance Academy and Harolds Chicken!! Fully occupied asset with solid tenants including a nursing school and clothing retailer. Strong income, low expenses. Parking in rear for more than 8 cars. This Calumet Heights commercial corridor is where your investment or your business with thrive. Easy street parking, high visibility, high population and the Pill Hill neighborhood has one of the South Side's highest income. Great neighbors in a steady retail investment corridor. Do not disturb tenants, but easy to show.
| Price History | |
|---|---|
| 4/1/2024 | Listed $249,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing |
| Year Built | 1958 |
| Electric | Circuit Breakers,Service - 101 to 200 Amps |
| Tenant Pays | Air Conditioning,Common Area Maintenance,Electricity,Heat,Insurance,Repairs,Scavenger |
| Stories | 1 |
| Township | Hyde Park |
| Property SubType | Free Standing Store |
| Tax Year | 2022 |
| Current Use | Commercial |
| Gross Income | 5654700 |
| County | Cook |
| Net Operating Income | 40246 |
| Insurance Expense | 2502 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Near 87th and Stony Island. East of Stony on 87th. |
| City | Chicago |
| Total Units | 2 |
| MLS Area | CHI - Calumet Heights |
| Lot Size Square Feet | 6100 |
| Street Name | 87th |
| Tax Annual Amount | 12770 |
| Additional Parcels Y/N | No |
| Leasable Area | 4000 |
| Days on Market | 10 |
| Lease Type | Net |
| Standard Status | Active |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Building Area Total | 4000 |
|---|---|
| Lot Dimensions | 50 X 122 |
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 Commercial Average in 60617
Price
Taxes
Visits
Year Built
