Turnkey Retail Income
For Sale
Contact for pricing
1613 W 87th St, Chicago, IL 60620
Fully occupied with long-term retail tenants and recently updated plumbing, electrical, and heating systems.
Property SizeContact for details
Days on Market137
Property Features for 1613 W 87th St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Site & Location
Traffic Count
60,000 vehicles/day
Highway Access
Yes
Additional Details
Business Included
Yes
Listing Agency:
Refind Realty
Listed By:
MALCOLM ROGERS · License #TX 734922
Source:
Crexi
Added: Apr 11
Changed: Aug 21
Last Checked: Aug 14 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Refind Realty
Investment Insights
Based on property information with market context.
This turnkey retail income property is fully occupied and supported by long-term retail tenants at the location for over two decades. The building has recently updated plumbing, electrical, and heating systems, with individual furnaces throughout and tenant-paid utilities.
The property is blocks from the Brainerd Metra Station and I-94. Area access is further reinforced by strong daily traffic, with over 60,000 vehicles traveling past the property each day, and it is less than a mile from the Metra station. Major retailers including Walmart, Mariano’s, Home Depot, Menards, Chili’s, and Starbucks are minutes away.
Additional reported highlights include that approximately 65% of tenants are subsidized and there is noted upside on rental income, with long-term below-market tenants.
The property is blocks from the Brainerd Metra Station and I-94. Area access is further reinforced by strong daily traffic, with over 60,000 vehicles traveling past the property each day, and it is less than a mile from the Metra station. Major retailers including Walmart, Mariano’s, Home Depot, Menards, Chili’s, and Starbucks are minutes away.
Additional reported highlights include that approximately 65% of tenants are subsidized and there is noted upside on rental income, with long-term below-market tenants.
Key Highlights
- Fully occupied retail asset with long‑term tenants at this location for over two decades
- Recently updated plumbing, electrical, and heating systems
- Individual furnaces throughout with tenant‑paid utilities
Property Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied with long-term retail tenants and recently updated plumbing, electrical, and heating systems.
Where is this multifamily property located?
The property is located at 1613 W 87th St Chicago, IL.
What are key features of this property?
This property features: Fully occupied retail asset with long‑term tenants at this location for over two decades; Recently updated plumbing, electrical, and heating systems; Individual furnaces throughout with tenant‑paid utilities
