2800 East 87th Street

Chicago, IL 60617

$995,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing investment opportunity. True Armchair investment - Every Inch of the building has been improved and renovated to todays design and finishes and all quality craftsmanship. 6 Unit Building. 5 Apartments (All 3 Bedroom/2 Bath) and 1 Storefront. All work was permitted through the city of chicago and have certificate of occupancy in hand. Brand new concrete around property. Brand new roof. Brand new windows, all brand new mechanicals. Office has 2 bathrooms and is 1200 sq ft with 400 sq ft of...Amazing investment opportunity. True Armchair investment - Every Inch of the building has been improved and renovated to todays design and finishes and all quality craftsmanship. 6 Unit Building. 5 Apartments (All 3 Bedroom/2 Bath) and 1 Storefront. All work was permitted through the city of chicago and have certificate of occupancy in hand. Brand new concrete around property. Brand new roof. Brand new windows, all brand new mechanicals. Office has 2 bathrooms and is 1200 sq ft with 400 sq ft of storage in the basement and handicap accessible. All Units will be conveyed vacant to give new owner(s) the opportunity to place tenants and maximize income. All appliances will be installed prior to inspection. This is a great income opportunity!
  1. Listed by Trevor Pauling • john greene, Realtor

Property Details for 2800 East 87th Street

Area
CHI - South Chicago
Township
Hyde Park
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 12/19/2024 04:55 PM

Property Details for 2800 East 87th Street

StatusActive
MLS #12134295
Days on Market137
Taxes$3,821 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1927
Lot Size0.09 AC / 3,750 SF
CountyCook County

Building Information for 2800 East 87th Street

Stories3Residences6Year Built1927Building Size-Lot Size0.09 AC / 3,750 SF

Property Information for 2800 East 87th Street

General Information
Location and General Information
  • Geographic Locale: Chicago South
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • Electric: Circuit Breakers
  • Flooring: Vinyl
  • # Of Washers: 0
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Window/Ac: 0
  • # Of Refrigerators: 5
  • Misc Inside: Skylight/s,Laundry Room
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 5
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 125
  • Lot Size Square Feet: 3750.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick, Block
  • Fire Protection: Carbon Monoxide Detector(s)
  • Roof Structure: Pitched
  • Foundation Details: Block
  • Building Area Total: 8585
  • # Of Offices: 0
  • Office SqFt: 1200
  • Other SqFt: 400
  • # Of Ranges: 5
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 72
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $126,000.00
  • Gross Scheduled Income: $126,000.00
  • Insurance Expense: $.00
  • Total Monthly Income: 10500
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 2800 East 87th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2800 East 87th Street

Taxable ValueLand$3,750Additions$15,250Total$19,000
Tax Record2022$3,908 ($326 / month)
Home Facts
Baths6.5Total Finished SqFt8,585 SqFtAbove Grade Finished SqFt8,585 SqFtStories3Lot Size3,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1932CountyCOOKAPN21-31-422-032

Schools near 2800 East 87th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Mireles Elementary Academy
PublicPK to 8

Bowen High School
Public9 to 12

Baker College Prep
Charter9 to 12

Great Lakes Academy
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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2800 East 87th Street is a mixed use property for sale in Chicago, IL 60617. This property was listed for sale on August 9, 2024 by john greene, Realtor, it's currently listed at $995,000. It has been on the market for a total of 137 days and was last sold on April 19, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Mireles Elementary Academy, Bowen High School and Baker College Prep. 2800 East 87th Street is a 0-bed, 0-bath, mixed use property built in 1927.

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 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 john greene, Realtor

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. Based on information submitted to the MLS GRID as of 12/19/2024 04:55 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.