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$40,000
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Property Description
Retail convenience store business for sale. Express Food Market offers 1,800 sq. ft. of space with 10 parking spots and operates under a lease at $10,000 per month, with a 3-year term and a 3-year renewal option. Landlord is willing to transfer the lease to the new owner under the existing lease name, Express Lottery Inc. Sale includes all fixtures, equipment, freezers, coolers, and counter space. The business has had no recent renovations and has no known code violations or restrictions. Tenant is responsible for grass maintenance, snow removal, heat, gas, and general utilities. Two employees currently work at the store and may remain after the sale. No supplier contracts are in place, and the business carries no liens, mortgages, or debts. Asking price is $50,000 for the business only.
Full Property Details
Full Property Details for 1800 E 87th St
General
- Sold For: $40,000
- Taxes: $120,280 (2023)
- Status: Closed
- Type: Business
- Source: MRED
- MLS ID: 12519412
- Added to Site: 61 day(s) ago
Business
- Business Type: Grocery, Retail
- Years in Business: 4 to 6 Yea
Location
- Area: CHI - Avalon Park
- County: Cook
- Driving Directions: Stony Island Ave. N to 95th St. to E. 87th St. turn left and property is on your right.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 1
- Square Feet: 2,600
Lot Features
- Lot Size (Sq. Ft.): 14,057
- Lot Dimensions: .323
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $120,280
- Tax Year: 2023
Disclosures and Reports
- Property ID: 20363280540000
Listed and Sold by HomeSmart Realty Group
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Schools
Schools serving 1800 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1800 E 87th St
Date
Details
Price
Change
Source
12/30/2025
Sold
$40,000
-20%
MLS
11/17/2025
Listed
$50,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1800 E 87th Street, Chicago, IL 60617 (MLS# 12519412) is a Business property that was sold at $40,000 on December 30, 2025. Want to learn more about 1800 E 87th Street? Do you have questions about finding other Business 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.

