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$524,900
4 Days On Site

1851 E 87th Street
Chicago, IL 60617

For Sale|Retail|Active
0
Beds
0
Total Baths
2,930
SqFt
$179
/SqFt
1946
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Ford Desired Real Estate LLC
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312-767-7744
1851 E 87th Street1851 E 87th Street1851 E 87th Street1851 E 87th Street
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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.

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Listing Snapshot
Price 
$524,900
Days On Site 
4 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,930 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1946
MLS® Number 
12650434
Status 
Active
Property Tax 
$7,269.04
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
4 days agoListing first seen on site
General Features
Additional Property Use 
CommercialOther
Foundation 
Concrete Perimeter
Number Of Stories 
1
Property Sub Type 
Retail
SqFt Total 
2930
Utilities 
Natural Gas Available
Zoning 
RTAIL
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Exterior Features
Construction Details 
BrickConcrete
Roof 
Tar/Gravel
Community Features
HOA Fee Frequency 
Annually
MLS Area 
CHI - Calumet Heights
Township 
South Chicago
Listing Courtesy of MRED as distributed by MLS Grid of Ford Desired Real Estate LLC



Based on information submitted to the MLS GRID as of 2026-05-23 02:42 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-05-23 02:42 PM UTC
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Neighborhood & Commute
Source: Walkscore
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