1420 East 87th Street
$370,000
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Closed 10/23/24
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...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 $1,080.19.
- Listed by Vilija Garbonkus • eXp Realty, LLC
Property Details for 1420 East 87th Street
Area
CHI - Avalon Park
TownshipSouth Chicago
ZoningCOMMR
LISTING UPDATED: 10/25/2024 03:04 AM
Property Details for 1420 East 87th Street
Status | Closed |
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MLS # | 12031036 |
Days on Market | 164 |
Taxes | $2,400 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1959 |
Lot Size | 0.07 AC / 3,125 SF |
County | Cook County |
Building Information for 1420 East 87th Street
Stories2Residences2Year Built1959Lot Size0.07 AC / 3,125 SF
Property Information for 1420 East 87th Street
Property History for 1420 East 87th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1420 East 87th Street
Taxable ValueLand$3,906Additions$6,071Total$9,977
Tax Record2022$2,400 ($200 / month)
Home Facts
Baths3Total Finished SqFt7,870 SqFtAbove Grade Finished SqFt7,870 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960CountyCOOKAPN20-35-413-039Fireplace TypeHas Fireplace
Schools near 1420 East 87th Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
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Mcdowell Elementary School PublicPK to 5 | ||
Caldwell Elementary Academy Of Math & Sci PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
CICS Avalon 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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