Listing provided courtesy of RE/MAX PremierMREDas Distributed by MLSGrid- MLS# 12662567MLS Provider

1742 E 87th StreetChicago, IL 60617

Commercial · 3,053 Sq. ft.
$250,000 Active

1742 E 87th Street Overview

Time on Site:
28 days
Visits:
2

For Sale or Lease - South Shore Medical Arts Building Massive Potential - Flexible Office Space with Extensive Gated Parking Exceptional opportunity to purchase or lease space in this well-maintained South Shore Medical Arts building located in a busy commercial corridor with outstanding visibility and signage opportunities. The property features multiple office suites, each equipped with individual plumbing and sinks, making it ideal for a wide variety of professional, medical, and service-oriented businesses. The building also offers extensive gated parking, three shared restrooms, and abundant additional storage space. Ideal uses include: Medical and dental offices, Clinics and therapy practices, Medical supply companies, Government or nonprofit offices, Real estate and insurance offices, Law firms, Individual beautician suites, Esthetician and skincare studios, Massage therapy offices, Day care or educational uses (subject to approvals), Contractors and service businesses, Delivery and logistics companies, Technology and internet-based businesses, Light fabrication and assembly operations (subject to zoning). Property Highlights: Extensive outdoor parking lot, Individual plumbing and sinks in office suites, Three shared restrooms, Additional storage space available, Excellent signage opportunities, High-traffic business district location, Flexible suite configurations, Well-maintained property, Minimum one-year lease term, Available for sale or lease, Whether you are an owner-user, investor, or growing business seeking a strategic South Shore location, this property offers tremendous flexibility and value. Priced to sell or lease quickly. Sold as is

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1742 E 87th Street Facts & Features

  • Type Commercial
  • Sq. ft. 3,053
  • Price/Sq.ft. $82

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Gross
  • Net Operating Income: 0
  • Operating Expense: 34147

Building Information

  • Year Built: 1958

Business Information

  • Current Use: Commercial,Office,Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Avalon Park
  • Township: South Chicago

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $34,146.53
  • Tax Year: 2024

General Information

  • Parcel Number: 20363270370000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3053

General Information

  • Cooling: Small Duct High Velocity
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Flooring: Varies
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 6230
  • Stories: 9

Unit Information

  • Unit SqFt.: 100

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,Frontage Road,Public Road,Signal Intersection,Alley Access,Paved
  • Lot Size Dimensions: 50 X 125
  • Lot Size Square Feet: 6230

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Rubber

General Information

  • Number Of Units Total: 9
  • Utilities: Electric to Site

1742 E 87th Street Neighborhood

Community

60617 (CHICAGO) Demographics

37
Median Age
5,348
Population Density (per sq. mile)
28%
College Educated
$43,642
Estimated Median Income
16,451
Estimated Total Home Owners
12,722
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1742 E 87th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1742 E 87th Street Market Data

Based on the last 30 days in this zip code

$215,942
Average List Price
$154
Average Price per Square Foot
36
Properties Sold
86
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

1742 E 87th Street History

Date Event Value Agent
6/6/2026Source: MRED Status Change
Active
6/6/2026Source: MRED Status Change
Active
6/1/2026Source: MRED Added to Database
June 01, 2026
6/1/2026Source: MRED Added to Database
June 01, 2026