1401 E 87th St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Well-maintained 10,375 SF mixed-use investment property located along the high-traffic 87th Street commercial corridor. The building offers 6,058 SF of improved space, featuring ground-floor office suites and two residential units above. The first floor is comprised of two occupied medical offices plus an approximately 800 SF vacant suite, freshly painted and move-in ready-ideal for an owner-user or additional rental income. The office suites are interconnected and may be utilized by a single tenant...Well-maintained 10,375 SF mixed-use investment property located along the high-traffic 87th Street commercial corridor. The building offers 6,058 SF of improved space, featuring ground-floor office suites and two residential units above. The first floor is comprised of two occupied medical offices plus an approximately 800 SF vacant suite, freshly painted and move-in ready-ideal for an owner-user or additional rental income. The office suites are interconnected and may be utilized by a single tenant or leased separately to multiple users. The second floor includes two residential apartments: one vacant 1-bed/1-bath unit and one 3-bed/2-bath unit, occupied by a long-term tenant. The property provides 14 on-site parking spaces, a significant asset for both commercial and residential users. Strategically located with easy access to the Dan Ryan Expressway, CTA Red Line, CTA Bus Route #87, and Metra. Surrounding area features strong national and regional tenancy, including McDonald's, O'Reilly Auto Parts, Clark's gas station, and a nearby strip center anchored by Athletico, T-Mobile, Wingstop, H&R Block, and Pete's Produce. With below-market rents, stable long-term tenancy, and approximately 13,500 vehicles per day along 87th Street, this solid mixed-use asset presents an excellent value-add investment opportunity in a proven commercial corridor.
  1. Listed by Pamela Tuggle • @properties Christie’s International Real Estate
    P: (312)-952-5648 C: (312)-952-5648 ptuggle@atproperties.com
  2. Listed by William Tuggle • @properties Christie’s International Real Estate
    P: (312)-952-5647 C: (312)-952-5647 btuggle@atproperties.com

Property Details for 1401 East 87th Street

Area
CHI - Calumet Heights
Township
Hyde Park
Air Conditioning Type
Central Air, Window Unit(s)
LISTING UPDATED: 02/01/2026 12:42 PM

Property Details for 1401 East 87th Street

StatusActive
MLS #12553969
Days on Market17
Taxes$5,191 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1958
Lot Size0.09 AC / 4,125 SF
CountyCook County
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Building Information for 1401 East 87th Street

Stories2Residences5Year Built1958Lot Size0.09 AC / 4,125 SF

Payment Calculator

$2,333 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,901

Property Taxes

$433

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1401 East 87th Street

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Geographic Locale: East/West Corridor,Chicago South
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Heat/Ventilation: Other
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 4125
  • Lot Size Square Feet: 4125.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Building Area Total: 6826
  • # Of Offices: 3
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $2,006.00
  • Fuel Expense: $.00
  • Gross Income: $6,500.00
  • Gross Scheduled Income: $78,000.00
  • Insurance Expense: $5,755.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2022
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 6500
  • Water Expense Source: Owner Projection
  • Net Operating Income: $44,636.00
  • Operating Expense: $33,364.00
  • Other Expense: $18,030.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1401 East 87th Street

DateEvent & SourcePriceAppreciation
Jan 23, 2026

Listed (Active)

MRED #12553969

$390,000
Dec 31, 2025

Expired

MRED #12268066

$399,000
Oct 2, 2025

Listed (Active)

MRED #12268066

$399,000
Jul 1, 2025

Pending

MRED #12268066

Jul 1, 2025

Contingent

MRED #12268066

Jan 9, 2025

Listed (Active)

MRED #12268066

$399,000
Dec 31, 2024

Expired

MRED #11820183

$399,000
Sep 13, 2024

Contingent

MRED #11820183

Oct 9, 2023

Price Change

MRED #11820183

$410,000
Jun 29, 2023

Listed (Active)

MRED #11820183

$460,000
DateEvent & SourcePrice
01/23/2026

Listed (Active)

MRED #12553969

$390,000
12/31/2025

Expired

MRED #12268066

$399,000
10/02/2025

Listed (Active)

MRED #12268066

$399,000
07/01/2025

Pending

MRED #12268066

07/01/2025

Contingent

MRED #12268066

01/09/2025

Listed (Active)

MRED #12268066

$399,000
12/31/2024

Expired

MRED #11820183

$399,000
09/13/2024

Contingent

MRED #11820183

10/09/2023

Price Change

MRED #11820183

$410,000
06/29/2023

Listed (Active)

MRED #11820183

$460,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 East 87th Street

Taxable ValueLand$5,156Additions$8,013Total$13,169
Tax Record2023$3,274 ($273 / month)
Home Facts
Baths8.5Total Finished SqFt6,826 SqFtAbove Grade Finished SqFt6,826 SqFtStories2Lot Size4,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyCOOKAPN25-02-205-001

Schools near 1401 East 87th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - PK to 5
Public - 9 to 12
Rating
School
Distance
Caldwell Elementary Academy Of Math & Sci
PublicPK to 8

Jefferson Alt High School
Public6 to 12

Mcdowell Elementary School
PublicPK to 5

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1401 East 87th Street is a mixed use property for sale in Chicago, IL 60619. This property was listed for sale on January 23, 2026 by Compass, it's currently listed at $390,000. This listing's school district is Chicago Public Schools. Nearby schools include Caldwell Elementary Academy Of Math & Sci, Jefferson Alt High School and Mcdowell Elementary School. 1401 East 87th Street is a 0-bed, 0-bath, mixed use property built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/01/2026 12:42 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.