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$500,000
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Property Description
Rare opportunity to acquire nearly two acres of vacant, undeveloped land positioned just off a strong commercial corridor with convenient access to the Dan Ryan Expressway. Zoned M1-2, the site allows for a wide range of light industrial and limited commercial uses, including warehousing, distribution, and light manufacturing. The property also presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street & Dan Ryan node while serving surrounding neighborhoods. Ideal for investors, developers, or owner-users seeking a well-located infill site with strong long-term upside.
Full Property Details
Full Property Details for 440 W 87th St
General
- Price: $500,000
- Taxes: $14,845 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12526509
- Updated: 1/9/2026
- Added to Site: 39 day(s) ago
Interior
- Basement: None
Additional Information
- Other Features: Commuter Bus, Interstate Access
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Township: South Chicago
- Driving Directions: From I-94 E toward Indiana take exit 61B for 87th Street, right onto W 87th St.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Unknown (verify)
Structural Information
- Basement Desc.: None
- Square Feet: 1.94
Lot Features
- Lot Size (Acres): 1.94
- Lot Size (Sq. Ft.): 84,591
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 340 x 250
- Frontage: City Street
- Frontage Feet: 340
- Street/Road Desc.: Asphalt
- Zoning: COMMR
Financial Considerations
- Tax Amount: $14,845.51
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple with Homeowners Association
- Property ID: 20333050270000
Listed by Baird & Warner
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Schools
Schools serving 440 W 87th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ryder Elementary Math & Sci Spec School 8716 South Wallace Street, Chicago, IL 60620 | K-8 | 0.2 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 2.1 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 440 W 87th St
Date
Details
Price
Change
Source
12/09/2025
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 440 W 87th St
440 W 87th Street, Chicago, IL 60620 (MLS# 12526509) is a Lots/Land property with a lot size of 1.94 acres. 440 W 87th Street is currently listed for $500,000 and was received on December 09, 2025. Want to learn more about 440 W 87th Street? Do you have questions about finding other Lots/Land 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.

