21
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$545,000
$650,000 16.2%
Est. payment /mo
2,900 SqFt
Sold on 01/11/2025
1859 E 87th ST Chicago, IL 60617
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Key Details
Sold Price $545,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $187
MLS Listing ID 11983600
Sold Date 01/11/25
Year Built 1963
Annual Tax Amount $5,062
Tax Year 2022
Lot Dimensions 4,070
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 !!!
Location
State IL
County Cook
Area Chi - Calumet Heights
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 2
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Listed by Kristen Roussev • Keller Williams Preferred Rlty
Bought with Kristen Roussev • Keller Williams Preferred Rlty
Bought with Kristen Roussev • Keller Williams Preferred Rlty