Property profile

1058 87Th St Chicago, IL 60620

OFF-MARKET
Retail properties & Spaces
0.14 ac lot Built 1955
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving fast-food business and its accompanying freestanding building, located at 1058 W 87th St in Chicago, Illinois. The property, situated on a 0.143-acre lot, boasts a 600-square-foot building constructed in 1955. Currently operating at 100% occupancy as a Maxwell Express restaurant, this single-unit, single-story establishment enjoys a prime location on a busy street corner, directly adjacent to a bus stop, ensuring high visibility and convenient access for customers. The business demonstrates strong financial performance, averaging $14,000 in monthly sales. The sale includes the building, the established business, all related equipment, and trade fixtures. The property's Cook County APN is 20-32-426-030-0000. Real estate taxes are $4,811 annually. The asking price of $250,000 excludes inventory. This owner-user opportunity offers a blend of established income and significant potential for future growth in a densely populated area with a mix of chain and independent businesses. The permitted zoning is available upon request. This is a turnkey operation ready for a new owner to step in and continue the success.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1955
Lot 0.14 ac (6,229 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1058 87Th St Chicago, IL 60620
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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