1513 West 87th Street Chicago, IL 60620
Mixed-use property with residential and commercial units in Auburn Gresham.
Property size:
7,500 SF- Added:
- Dec 9, 2025
- Days on Market:
- 128
- Last Refresh:
- Mar 13 at 3:19 pm
Property Features for 1513 West 87th Street
General Information
- Standard status
- Active
- Size
- 7,500 SF
Building Details
- Year Built
- 1929
Listing agent Hugo Sanchez License #475191393 (708) 860-1622
Listing office Realty of America, LLC (708) 860-1622
Listing date Dec 9, 2025
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Realty of America, LLC
Overview
Mixed-Use Investment Opportunity in Chicago
Located in Chicago's Auburn Gresham neighborhood, 1513 W 87th St is a mixed-use property featuring 11 units: 8 residential apartments and 3 commercial storefronts. The property offers immediate income with long-term upside potential. The residential component consists of 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. The three commercial storefronts are located on the first floor and offer street visibility, suitable for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement. The property size is 7500 square feet. This property is suitable for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5875711
- Latitude
- 41.7366331
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial units in Auburn Gresham.
Where is this mixed-use property located?
The property is located at 1513 West 87th Street Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Mixed‑use property with 8 residential units and 3 commercial storefronts offering immediate income.; Three vacant commercial storefronts provide opportunity to set market rents or for owner occupancy.; Eight 1‑bedroom/1‑bath residential units provide stable cash flow with month‑to‑month leases.
