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    3101 87Th St Chicago, IL 60652

    For Sale
    $399,000

    0.6-acre lot, high-traffic location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 26,075 square foot commercially zoned lot presents a prime development opportunity in Chicago's vibrant Evergreen Park neighborhood. Located on 87th Street, a major artery with high vehicular and pedestrian traffic, this property boasts excellent visibility and accessibility. Its strategic location offers proximity to schools, parks, shopping centers, and Midway International Airport, ensuring convenient access for potential businesses and customers. The property's zoning permits a wide range of commercial uses, making it ideal for developers, entrepreneurs, or established businesses seeking expansion. The lot comprises five parcels, offering flexibility in development plans. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area with strong potential for substantial return on investment. The asking price is $399,000. The Cook County Assessor's Parcel Number (APN) is 24011010070000. Don't miss this chance to secure a piece of Evergreen Park's commercial landscape.

    Property Features for 3101 87Th St

    General Information

    Property type
    Land

    HighLights

    • $399,000 asking price for 26,075 square feet of commercially zoned land.
    • High‑traffic location on 87th Street in Evergreen Park, IL.
    • Excellent development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evergreen Scavenger Inc Trucking Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.700622
    Latitude
    41.734971

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    FAQs

    What type of property is this?
    Land - 0.6-acre lot, high-traffic location
    Where is this land located?
    The property is located at 3101 87Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price for 26,075 square feet of commercially zoned land.; High-traffic location on 87th Street in Evergreen Park, IL.; Excellent development opportunity.
    Request Owner's contact information
    3101 87Th St Chicago, IL 60652
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3101 87Th St Chicago, IL 60652
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