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$250,000
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Property Description
For Sale or Lease - South Shore Medical Arts Building Massive Potential - Flexible Office Space with Extensive Gated Parking Exceptional opportunity to purchase or lease space in this well-maintained South Shore Medical Arts building located in a busy commercial corridor with outstanding visibility and signage opportunities. The property features multiple office suites, each equipped with individual plumbing and sinks, making it ideal for a wide variety of professional, medical, and service-oriented businesses. The building also offers extensive gated parking, three shared restrooms, and abundant additional storage space. Ideal uses include: Medical and dental offices, Clinics and therapy practices, Medical supply companies, Government or nonprofit offices, Real estate and insurance offices, Law firms, Individual beautician suites, Esthetician and skincare studios, Massage therapy offices, Day care or educational uses (subject to approvals), Contractors and service businesses, Delivery and logistics companies, Technology and internet-based businesses, Light fabrication and assembly operations (subject to zoning). Property Highlights: Extensive outdoor parking lot, Individual plumbing and sinks in office suites, Three shared restrooms, Additional storage space available, Excellent signage opportunities, High-traffic business district location, Flexible suite configurations, Well-maintained property, Minimum one-year lease term, Available for sale or lease, Whether you are an owner-user, investor, or growing business seeking a strategic South Shore location, this property offers tremendous flexibility and value. Priced to sell or lease quickly. Sold as is
Full Property Details
Full Property Details for 1742 E 87th St
General
- Price: $250,000
- Taxes: $34,146 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12662567
- Updated: 6/15/2026
- Added to Site: 32 day(s) ago
Interior
- Flooring: Varies
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - Avalon Park
- County: Cook
- Township: South Chicago
- Driving Directions: 87th to Cregier 1700 East at the northwest corner
- Location Details: Central Business District, Commercial Business Park, Corner, Mixed-Use Area, Public Transport Avail, Freestanding/Urban, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Small Duct High Velocity
- Heating Type: Central Building Heat
Utilities
- Onsite: Electricity to Site
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Sub-Flooring: Varies
- Stories/Levels: 9
- Square Feet: 3,053
- Current Bldg. Use: Commercial, Office, Medical/Dental
- Year Built: 1958
Unit Information
- # Tenants: 9
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,230
- Lot Dimensions: 50 x 125
- Frontage: City Street, Frontage Road, Public Road, Signal Intersection, Alley Access, Paved
- Zoning: COMMR
Financial Considerations
- Lease Price: $4
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $34,147
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1958
- Tax Amount: $34,146.53
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 20363270370000
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Schools
Schools serving 1742 E 87th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Caldwell Elementary Academy Of Math & Sci 8546 South Cregier Avenue, Chicago, IL 60617 | 6-8 | 0.1 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1742 E 87th St
Date
Details
Price
Change
Source
6/01/2026
Listed
$250,000
—
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 1742 E 87th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,949
—
$8,816
12%
2023
$1,949
-2%
$7,858
-4%
2022
$1,980
-1%
$8,228
-2%
2021
$1,997
-7%
$8,422
2%
2020
$2,138
11%
$8,246
—
2019
$1,922
2%
$8,246
—
2018
$1,887
17%
$8,246
26%
2017
$1,609
4%
$6,545
-4%
2016
$1,549
10%
$6,790
2%
2015
$1,408
-4%
$6,635
-3%
2014
$1,472
2%
$6,851
—
2013
$1,449
4%
$6,819
3%
2012
$1,389
—
$6,648
—
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 1742 E 87th St
1742 E 87th Street, Chicago, IL 60617 (MLS# 12662567) is a Commercial property. 1742 E 87th Street is currently listed for $250,000 and was received on June 01, 2026. Want to learn more about 1742 E 87th Street? Do you have questions about finding other Commercial real estate for sale in Avalon Park? You can browse all Avalon Park real estate or contact a Coldwell Banker agent to request more information.

