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1656 West 87Th Street, Chicago, IL 60620

$140,000

  • For Sale
  • Active
  • Commercial
  • 2,800 Sq. Ft.
1656 West 87Th Street, Chicago, IL 60620View this property at 1656 West 87Th Street, Chicago, IL 60620
1656 West 87Th StreetChicagoIL60620

Property Description

Sell or lease-to-purchase $21/sf, triple net lease. Serious, savvy investor will do well at this location. Has parking! Former doctors' office and former school. Price represents two city lots for or a gross total of 3125sf, rentable approximately, 2800sf. Zoned B1-1, Neighborhood Shopping district intended to accommodate a broad range of small-scale retail, service uses. Price includes real estate ONLY and EXCLUDES school furniture, equipment and appliances but available for separate sale. PREAPPROVED buyers, PLEASE!

Full Property Detailsfor 1656 West 87Th Street

General

  • Price: $140,000
  • Taxes: $5,230 (2014)
  • Status: Active
  • Type: Commercial
  • MLS ID: 08542759
  • Updated: 3/13/2018
  • Added: 1, 523 day(s) ago

Property History

  • 1656 West 87Th Street, Chicago, IL
  • Reduced to $140,000 on 12/3/17
  • Increased to $145,000 on 1/7/17
  • Reduced to $135,000 on 3/26/16
  • Reduced to $150,000 on 7/19/15
  • Reduced to $175,000 on 1/28/15
  • Reduced to $250,000 on 10/12/14
  • Reduced to $285,000 on 5/31/14
  • Listed at $320,000 on 2/24/14

Additional Information

  • Security/Safety: Alarm on Site, Fire Extinguisher(s), Smoke or Fire Protectors

Exterior

  • Exterior Features: Other

Parking

  • Total Spaces: 4
  • Parking Features: 1 to 5 Spaces, Fenced, Private Lot, Secured

Location

  • Area: CHI - Auburn Gresham
  • County: Cook
  • Township: LAKE
  • Driving Directions: West of State Street Exit 87th Street on Dan Ryan; 1600 west; corner of 87th Paulina
  • Location Details: Corner, Public Transport Avail, Chicago South

Heating & Cooling

  • Cooling Type: Window Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Onsite: Electricity to Site

Structural Information

  • Exterior Const.: Brick
  • Foundation: Concrete
  • Stories/Levels: 1
  • Square Feet: 2,800
  • Aprox. Leasable: 2,800 Sq. Ft.
  • Current Bldg. Use: Commercial
  • Year Built: 1955

Unit Information

Retail

  • Lease Min - Max: 2,800 - 2,800 Sq. Ft.

Lot Features

  • Lot Size (Sq. Ft.): 3,125
  • Lot Dimensions: 25 x 125
  • Lot Access: City Street
  • Potential Use: Commercial, Office and Research, Retail, Other
  • Zoning: RTAIL

Financial Considerations

  • Lease Price: $21
  • Tax Amount: $5,230
  • Tax Year: 2014
  • Terms: Conventional, Rent with Option, Trade/Exchange, Cash Only
  • Tenant Pays: Electric, Heat, Janitorial, Water/Sewer, Varies by Tenant

Disclosures and Reports

  • Ownership: Corporation
  • APN: 20314290300000

Listed by BDW Realty PC

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Schools

Schoolsserving 1656 West 87Th Street

School District:Chicago Public Schools
School Name
Grades
Distance
Foster Park Elementary School
8530 S Wood St, Chicago, IL 60620
PK-8
0.2 mi
Emil G Hirsch Metropolitan High School
7740 S Ingleside Ave, Chicago, IL 60619
9-12
3.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 1656 West 87Th Street

Listed by BDW Realty PC

1656 West 87Th Street, Chicago, IL 60620 (MLS# 08542759) is a Commercial property. 1656 West 87Th Street is currently listed for $140,000 and was received on February 23, 2014. Want to learn more about 1656 West 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.