Property Overview

Interra Realty has been exclusively engaged to present for sale 2800 E. 87th St. The subject property is an all brick 6 unit mixed use asset in Chicago's South Chicago neighborhood. The property features (1) ground floor retail and (5) apartment units. The apartment unit layouts consist of (5) 3 BD/2 BA units. The building was extensively renovated in 2023 with brand new mechanicals, windows, and plumbing.

The units have spacious layouts with condo quality finishes and a modern aesthetic throughout. There are individual furnaces and water tanks. The retail unit has nearly 1200 Sq. Ft. of functional space with an onsite bathroom and additional storage in basement.

A qualified investor has the opportunity to acquire a gut renovated, turn key asset with the ability to drive NOI through lease up and management. The property boasts strong curb appeal and benefits from being located off a main commercial thoroughfare.

Highlights

  • Highly Desirable Unit Mix: (5) 3 BD/2 BA and (1) Ground Floor Retail
  • Condo Quality Finishes Throughout with Modern Aesthetic
  • Property Was Gut Renovated in 2023 Featuring Brand New Roof, Windows and Mechanicals
  • Individual Furnaces/Water Tanks in units
  • 1200 Sq. Ft. ground floor retail with $2,300/Month Lease in Place Strong Curb Appeal/Located Off Main Commercial Thoroughfare

Key Details

Transaction Date
2025
Number of Units
Six (6)
Year Built/Year Renovated
1929/2023