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$350,000 Just Listed
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Property Description
Value-Add Commercial Corner Opportunity in Chicago's Auburn Gresham Neighborhood. 1510 W 87th St offers a highly visible corner-lot commercial storefront. This one-story brick building features an impressive approximately 130 feet of frontage along 87th Street, providing excellent exposure, signage potential, and street presence. The property is currently owner-occupied and offers flexible use for retail, office, or neighborhood-serving business concepts. A standout feature of the property is the massive, fully fenced parking lot, an increasingly rare asset along high-traffic commercial corridors, offering significant value for both customers and operations. With its corner location, strong visibility, and flexible redevelopment or leasing potential, 1510 W 87th St is well-suited for investors or owner-users seeking a value-add commercial opportunity. The property may also be purchased individually or as part of a package with 1513 W 87th St across the street.
Full Property Details
Full Property Details for 1510 W 87th St
General
- Price: $350,000
- Taxes: $17,479 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12545782
- Updated: 1/12/2026
- Added to Site: 6 day(s) ago
Additional Information
- Security/Safety: None, Carbon Monoxide Detector(s)
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Township: Lake
- Driving Directions: South Ashland Ave To W 87th St
- Location Details: Corner, In City Limits
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Water: Shared Well
- Trash: 120
- Onsite: Electricity to Site, Natural Gas Available, Water Available
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Stories/Levels: 1
- Square Feet: 2,000
- Current Bldg. Use: Commercial
- Year Built: 1948
Lot Features
- Lot Size (Sq. Ft.): 16,653
- Lot Dimensions: 130 x 130
- Frontage: City Street
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $200
- Security Deposit: None, Carbon Monoxide Detector(s)
- Assessment Year: 1948
- Tax Amount: $17,479
- Tax Year: 2024
- Pays Trash: 120
Disclosures and Reports
- Property ID: 20323240490000
Listed by Realty of America, LLC
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Schools
Schools serving 1510 W 87th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Cuffe Math-Sci Tech Elementary Academy 8324 South Racine Avenue, Chicago, IL 60620 | K-8 | 0.6 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 3.3 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 1510 W 87th St
Date
Details
Price
Change
Source
1/12/2026
Listed
$350,000
1300%
MLS
8/13/2018
Sold
$25,000
—
Public Record
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 1510 W 87th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,083
707%
$57,270
687%
2022
$1,497
2%
$7,276
—
2021
$1,463
-10%
$7,276
—
2020
$1,621
11%
$7,276
—
2019
$1,462
2%
$7,276
—
2018
$1,437
124%
$7,276
144%
2017
$641
7%
$2,979
—
2016
$597
9%
$2,979
—
2015
$546
-1%
$2,979
—
2014
$553
2%
$2,979
—
2013
$542
1%
$2,979
—
2012
$535
—
$2,979
—
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 1510 W 87th St
1510 W 87th Street, Chicago, IL 60620 (MLS# 12545782) is a Commercial property. 1510 W 87th Street is currently listed for $350,000 and was received on January 12, 2026. Want to learn more about 1510 W 87th Street? Do you have questions about finding other Commercial real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.

