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Listing provided courtesy of Network Property Managment LLCMREDas Distributed by MLSGrid- MLS# 12436224MLS Provider

6421 W 87th StreetOak Lawn, IL 60453

Commercial · 15,810 Sq. ft.
$3,300,000 Active

6421 W 87th Street Overview

Time on Site:
332 days
Visits:
2

Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. The well-maintained property boasts a 15,810 SF building on a +/-48,138 site (roughly 1.10 acres) Features 6 fully leased units. The property offers a solid revenue stream from day one. Renovated in 2025, it presents a contemporary, attractive space for tenants and shoppers alike. Situated in the Chicago MSA at the Oak Lawn & Burbank borders, this Fully occupied strip center is a beacon for retail investors seeking a stable, high-performing asset in a thriving market. With its strategic location and strong tenant base, this property represents an exceptional addition to an investment portfolio.

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6421 W 87th Street Facts & Features

  • Type Commercial
  • Sq. ft. 15,810
  • Price/Sq.ft. $209

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Electric Expense: 4424
  • Existing Lease Type: Modified Gross
  • Fuel Expense: 1787
  • Gross Income: 414915
  • Gross Scheduled Income: 414915
  • Insurance Expense: 10160
  • Net Operating Income: 254336
  • Operating Expense: 160579
  • Trash Expense: 1581
  • Water Sewer Expense: 4161

Building Information

  • Year Built: 1968

Business Information

  • Business Type: Retail
  • Current Use: Commercial,Office

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Oak Lawn
  • Township: Worth

Rent/Lease Information

  • Tenant Pays: Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Scavenger, Varies by Tenant, All Utilities

Tax Information

  • Tax Annual Amount: $107,711.00
  • Tax Year: 2023

General Information

  • Parcel Number: 24062140180000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 15810

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 15810
  • Stories: 1

Unit Information

  • Unit SqFt.: 15810

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 344X240X218X125X38X115
  • Lot Size Square Feet: 48090

Building Exterior/Construction

  • Construction Materials: Brick, Other, Pre-cast, Stucco
  • Roof: Membrane

General Information

  • Number Of Units Total: 6

6421 W 87th Street Neighborhood

Community

60453 (Oak Lawn) Demographics

41
Median Age
6,565
Population Density (per sq. mile)
43%
College Educated
$69,478
Estimated Median Income
16,964
Estimated Total Home Owners
4,228
Estimated Total Renters
80% / 20%
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.

6421 W 87th Street Monthly Cost

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Randall Fowlkes
* 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.

6421 W 87th Street Market Data

Based on the last 30 days in this zip code

$282,458
Average List Price
$203
Average Price per Square Foot
52
Properties Sold
59
Average Days on Market
212
Properties for Sale
Calculations provided by Reliance Network

6421 W 87th Street History

Date Event Value Agent
8/6/2025Source: MRED Status Change
Active
8/1/2025Source: MRED Added to Database
August 01, 2025
7/29/2022Source: MRED Status Change
Closed
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022
3/11/2022Source: MRED Status Change
Contingent