Properties

Features
: None
: Electric to Site , Natural Gas Available , Sewer Connected , Water Available
Address Map
US
IL
Cook
Chicago
60620
87th
1513
Street
W88° 20' 20.3''
N41° 44' 8.7''
South Ashland Ave To W 87th St
CHI - Auburn Gresham
CHI - Auburn Gresham
W
W
MULTI
Additional Information
: Brick , Stone
Separate Meters
Separate Meters
: Brick/Mortar , Concrete Perimeter , Block
50x150
11
11
Commercial,Multi-Family,Retail
3
: Municipal Water
Realty of America, LLC
Hugo Sanchez
Financial
15430.04
Listing Information
Rodrigo Bueno
88555
Realty of America, LLC
897491
88555
MRED
Listing Information
1017648
88555
Realty of America, LLC
Active
2026-09-24T19:58:03Z
2026-07-20T05:05:34Z
Property Description

Value Add Mixed-Use Opportunity in Chicago’s Auburn Gresham Neighborhood. 1513 W 87th St presents a solid mixed-use investment featuring 11 total unit: 8 residential apartments and 3 commercial storefronts, offering immediate income with long-term upside. The residential component includes eight 1-bedroom, 1-bath units, with four units on the second floor and four on the third floor. All units feature similar layouts and are occupied by long-term tenants on month-to-month leases, currently renting at $750 per month, providing stable cash flow with flexibility for future rent growth. The three commercial storefronts, located on the first floor, offer excellent street visibility and can be utilized for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing, allowing a new owner to set market rents or occupy the space. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement offering additional storage or potential value add opportunities. This property is ideal for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. Package Opportunity: A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.

Commercial Sale For Sale

1513 W 87th Street, Chicago, Illinois 60620

$950,000
Listing ID#12704452
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12704452
Price : $950,000
Year Built : 1929
Listing Status : Active
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