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$390,000
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Property Description
Well-maintained 10,375 SF mixed-use investment property located along the high-traffic 87th Street commercial corridor. The building offers 6,058 SF of improved space, featuring ground-floor office suites and two residential units above. The first floor is comprised of two occupied medical offices plus an approximately 800 SF vacant suite, freshly painted and move-in ready-ideal for an owner-user or additional rental income. The office suites are interconnected and may be utilized by a single tenant or leased separately to multiple users. The second floor includes two residential apartments: one vacant 1-bed/1-bath unit and one 3-bed/2-bath unit, occupied by a long-term tenant. The property provides 14 on-site parking spaces, a significant asset for both commercial and residential users. Strategically located with easy access to the Dan Ryan Expressway, CTA Red Line, CTA Bus Route #87, and Metra. Surrounding area features strong national and regional tenancy, including McDonald's, O'Reilly Auto Parts, Clark's gas station, and a nearby strip center anchored by Athletico, T-Mobile, Wingstop, H&R Block, and Pete's Produce. With below-market rents, stable long-term tenancy, and approximately 13,500 vehicles per day along 87th Street, this solid mixed-use asset presents an excellent value-add investment opportunity in a proven commercial corridor.
Full Property Details
Full Property Details for 1401 E 87th St
General
- Price: $390,000
- Taxes: $5,191 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12553969
- Updated: 1/29/2026
- Added to Site: 38 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - Calumet Heights
- County: Cook
- Township: Hyde Park
- Driving Directions: 87th Street to S. Dorchester. Building is on the southeast corner.
- Location Details: East/West Corridor, Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Other
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 6,826
- # of Stores: 2
- Year Built: 1958
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,125
- Lot Dimensions: 4125
Financial Considerations
- Insurance Fee: $5,755
- Operating Expenses: $33,364
- Other Fee: $18,030
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1958
- Tax Amount: $5,191
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 2006
Disclosures and Reports
- Property ID: 25022050010000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 1401 E 87th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mcdowell Elementary School 1419 East 89th Street, Chicago, IL 60619 | K-5 | 0.3 mi |
Caldwell Elementary Academy Of Math & Sci 8546 South Cregier Avenue, Chicago, IL 60617 | 6-8 | 0.5 mi |
Bowen High School 2710 East 89th Street, Chicago, IL 60617 | 9-11 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1401 E 87th St
Date
Details
Price
Change
Source
1/23/2026
Listed
$390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1401 E 87th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,274
3%
$13,169
—
2022
$3,176
1%
$13,169
—
2021
$3,130
5%
$13,169
15%
2020
$2,977
-3%
$11,460
-12%
2019
$3,055
2%
$13,078
—
2018
$3,000
2%
$13,078
10%
2017
$2,927
8%
$11,883
—
2016
$2,717
8%
$11,883
—
2015
$2,527
-7%
$11,883
-6%
2014
$2,721
1%
$12,636
—
2013
$2,691
2%
$12,636
—
2012
$2,646
—
$12,636
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1401 E 87th St
1401 E 87th Street, Chicago, IL 60619 (MLS# 12553969) is a Commercial property. 1401 E 87th Street is currently listed for $390,000 and was received on January 23, 2026. Want to learn more about 1401 E 87th Street? Do you have questions about finding other Commercial real estate for sale in Calumet Heights? You can browse all Calumet Heights real estate or contact a Coldwell Banker agent to request more information.

