1513 W 87th St

Chicago, IL 60620

$950,000
Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
an aerial view of a building with parked cars
an aerial view of a building with parked cars
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a refrigerator freezer sitting inside of a kitchen
a view of storage and utility room
a stove top oven sitting inside of a kitchen
a utility room with dryer and washer
a view of washer and dryer
a view of hallway with wooden floor
a view of entryway
a view of an front door
a living room with furniture and a flat screen tv
a living room with furniture and a large window
a bathroom with a sink toilet vanity and shower
a bed room with a bed and a dresser in it
a bedroom with a bed and a window
a living room with furniture and a flat screen tv
a kitchen with a sink a faucet a washer and dryer
a view of a dining room with furniture and wooden floor
a bathroom with a sink and a bathtub
a view of a hallway with wooden floor
a kitchen with granite countertop stainless steel appliances a refrigerator and a sink
a picture of city view
a view of a city
a city view with tall buildings

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...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.
  1. Listed by Hugo Sanchez • Realty of America, LLC
    P: (708)-860-1622 C: (708)-860-1622 hugo.sanchez@realtyofamerica.com;re.homeswithhugo@gmail.com

Property Details for 1513 West 87th Street

Area
CHI - Auburn Gresham
Township
Lake
Air Conditioning Type
None
Zoning
MULTI
LISTING UPDATED: 01/18/2026 12:06 AM

Property Details for 1513 West 87th Street

StatusActive
MLS #12545580
Days on Market27
Taxes$15,430 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1929
Lot Size0.17 AC / 7,500 SF
CountyCook County

Location

Listing Courtesy of Realty of America, LLC
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Building Information for 1513 West 87th Street

Stories3Residences11Year Built1929Lot Size0.17 AC / 7,500 SF

Payment Calculator

$5,916 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,630

Property Taxes

$1,286

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1513 West 87th Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: List Broker Must Accompany,Show-Call Listing Office,No Sign on Property,None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Separate Meters
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 8
  • Washer/Dryer Lsd: No
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 8
  • Misc Outside: Balcony/ies,Security Gate
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50x150
  • Lot Size Square Feet: 7500.0
  • Stories: 3
  • Construction: Brick, Stone
  • Fire Protection: None
  • Roof Structure: Flat
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • # Of Offices: 3
  • # Of Stores: 3
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Multi-Family, Retail
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 28
Miscellaneous
  • Location: Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $50.00
  • Fuel Expense: $100.00
  • Gross Income: $72,000.00
  • Gross Scheduled Income: $72,000.00
  • Insurance Expense: $200.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 6000
  • Water Expense Source: Owner Projection
  • Other Expense: $.00
  • Trash Expense: $112.00
  • Water Sewer Expense: $200.00

Property History for 1513 West 87th Street

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

MRED #12545580

$950,000—
Aug 3, 2015

Sold (Public Record)

Public Record #555775743

$120,000—
DateEvent & SourcePrice
01/12/2026

Listed (Active)

MRED #12545580

$950,000
08/03/2015

Sold (Public Record)

Public Record #555775743

$120,000

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

Public Records for 1513 West 87th Street

Taxable ValueLand$6,750Additions$70,354Total$77,104
Tax Record2023$16,308 ($1,359 / month)
Home Facts
Total Finished SqFt3,100 SqFtAbove Grade Finished SqFt3,100 SqFtStories3Lot Size7,500 SqFtStyleStoresYear Built1929CountyCOOKAPN25-05-101-003

Schools near 1513 West 87th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Fort Dearborn Elementary School
Public - PK to 8
Harlan Community Academy High School
Public - 9 to 12
Hansberry College Prep
Charter - 9 to 12
Learn Charter - Hunter Perkins Campus
Charter - K to 8
Rating
School
Distance
Fort Dearborn Elementary School
PublicPK to 8

Harlan Community Academy High School
Public9 to 12

Hansberry College Prep
Charter9 to 12

Learn Charter - Hunter Perkins Campus
CharterK to 8

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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More information about 1513 West 87th Street, Chicago, IL 60620

1513 West 87th Street is a mixed use property for sale in Chicago, IL 60620. This property was listed for sale on January 12, 2026 by Realty of America, LLC, it's currently listed at $950,000. It has been on the market for a total of 27 days and was last sold on August 3, 2015. This listing's school district is Chicago Public Schools. Nearby schools include Fort Dearborn Elementary School, Harlan Community Academy High School and Hansberry College Prep. 1513 West 87th Street is a 0-bed, 0-bath, mixed use property built in 1929.

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.

Listing Courtesy of Realty of America, LLC

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 01/18/2026 12:06 AM. 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.