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1859 E 87th Street, Chicago, IL 60617
$650,000
1859 E 87th Street, Chicago, IL 60617View this property at 1859 E 87th Street, Chicago, IL 60617
1859 E 87th StreetChicagoIL60617
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Property Description
Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it's located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 4 Storefronts are leased , 2 are ready for you to bring your vision to life . There are currently two beauty shops, a real estate office, and a mailing center. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don't miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!
Full Property Details
Full Property Details for 1859 E 87th St
General
- Price: $650,000
- Taxes: $5,062 (2022)
- Status: Active
- Type: Store
- MLS ID: 11983600
- Updated: 4/16/2024
- Added to Site: 74 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: CHI - Calumet Heights
- County: Cook
- Driving Directions: South on Anthony to Yates Turn left onto East 87th Street South to Bennett
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas
Utilities
- Trash: 153
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 2,900
- # of Stores: 6
- Year Built: 1963
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,070
- Lot Dimensions: 4070
Financial Considerations
- Lease Price: $9
- Insurance Fee: $368
- Operating Expenses: $19,104
- Security Deposit: Alarm On Site
- Assessment Year: 1963
- Tax Amount: $5,062.45
- Tax Year: 2022
- Tenant Pays: Electricity, Sewer
- Pays Electric: 62
- Pays Trash: 153
Disclosures and Reports
- Property ID: 25011070090000
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Schools
Schools serving 1859 E 87th St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
8546 S Cregier Ave, Chicago, IL 60617 | PK-8 | 0.2 mi | |
Bowen Environmental Studies High School
2710 E 89th St, Chicago, IL 60617 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1859 E 87th St
Date
Details
Price
Change
Source
2/16/2024
Listed
$650,000
—
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 1859 E 87th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$5,062
1%
$20,988
—
2021
$4,989
-18%
$20,988
-11%
2020
$6,119
11%
$23,554
—
2019
$5,502
2%
$23,554
—
2018
$5,403
-12%
$23,554
-6%
2017
$6,165
8%
$25,027
—
2016
$5,723
8%
$25,027
—
2015
$5,323
-5%
$25,027
-4%
2014
$5,632
11%
$26,153
10%
2013
$5,073
-7%
$23,820
-9%
2012
$5,475
—
$26,149
—
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 1859 E 87th St
1859 E 87th Street, Chicago, IL 60617 (MLS# 11983600) is a Store property. 1859 E 87th Street is currently listed for $650,000 and was received on February 16, 2024. Want to learn more about 1859 E 87th Street? Do you have questions about finding other Store 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.