$47.01 Per Sq Foot $1,986 est/mo Sourced by Back At You

1420 E 87th Street,Chicago, IL 60619

Chicago IL, 60619

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Description

Located at 1420 E 87th in Chicago's vibrant Avalon Park community, this unique mixed-use gem offers endless potential for investors and entrepreneurs alike. This masonry exterior building has been transformed into an entertainment venue, revitalizing the historic space. With a building size of 7,870 sq ft, two units including a residential apartment and a commercial space, and a lot size of 3,125 sq ft, this property offers ample space and flexibility for various uses. Zoned B3-1 and situated in a bustling area with high visibility and easy access to amenities, transportation, and a diverse customer base, this property is ideal for creative entrepreneurs looking to continue the entertainment venue concept or explore new possibilities such as a restaurant, cafe, art gallery, retail space, educational center, medical center. Additionally, the upper-level apartment provides a convenient living space or rental income opportunity. With its unique history and layout, this property is a prime candidate for adaptive reuse projects and offers a smart investment with multiple revenue streams. This property has multiple PINs. 1424 E. 87th includes PIN 20354130400000/Taxes for 2022 were $3407.46. 1420 E. 87th includes PIN 20354130390000/Taxes for 2022 were $2400.40. 1418 E. 87th includes PIN 20354130380000/Taxes for 2022 were $1047.55. 1414 E. 87th includes PIN 20354130370000/Taxes for 2022 were .

Details

MLS#12031036
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive Under Contract
Year1959
Days On Site29
Listing Provided ByeXp Realty, LLC | Vilija Garbonkus

Features

SQ Feet7,870
Story(s)2
Units2
ZoningCOMMR
Acreage3125.00

Market Activity 60619

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60619
AreaCHI Avalon Park
Listing VS Median (in 60619)
Price:
$370,000
low | high
Med:
$199,900
95.972972972973% of Average
SqFt:
7,870
low | high
Med:
2,132
100% of Average
$ / SqFt:
$47
low | high
Med:
$96
53.948880543021% of Average
On Site:
29
low | high
Med:
46
63.04347826087% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 12:33:41 AM PDT