440 W 87th St Chicago, IL 60620
Auburn Gresham NeighborhoodEstimated payment $3,888/month
About This Lot
Rare opportunity to acquire nearly two acres of vacant, undeveloped land positioned just off a strong commercial corridor with convenient access to the Dan Ryan Expressway. Zoned M1-2, the site allows for a wide range of light industrial and limited commercial uses, including warehousing, distribution, and light manufacturing. The property also presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street & Dan Ryan node while serving surrounding neighborhoods. Ideal for investors, developers, or owner-users seeking a well-located infill site with strong long-term upside.
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,846
Lot Details
- 1.94 Acre Lot
- Lot Dimensions are 340 x 250
- Property is zoned COMMR
Community Details
- No Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2025 12/18/25 | For Sale | $500,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12526509
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 906 W 87th St
- 8745 S Throop St
- 8751 S Loomis St
- 8714 S May St
- 8817 S Elizabeth St
- 8822 S Ada St
- 8810 S Racine Ave
- 1146 W 88th St
- 8827 S Loomis St
- 8605 S Laflin St
- 8716 S Laflin St
- 8611 S Aberdeen St
- 8917 S Elizabeth St
- 8439 S Ada St
- 8634 S Carpenter St
- 8432 S Ada St
- 8802 S Carpenter St
- 8618 S Justine St
- 8850 S Aberdeen St
- 8411 S Throop St
- 8617 S Ashland Ave Unit 2D
- 8617 S Ashland Ave Unit 2B
- 1613 W 87th St Unit 304
- 8332 S May St Unit 1
- 8936 S Ashland Ave
- 1155 W 83rd St
- 8519 S Paulina St Unit 2
- 1348 W 83rd St
- 8246 S Racine Ave Unit 3D
- 8246 S Racine Ave Unit 2D
- 9124 S Ada St Unit 1B
- 8204 S Elizabeth St Unit 2
- 8223 S May St Unit 2
- 8201 S Ada St
- 8352 S Peoria St Unit 1
- 9211 S Laflin St Unit 1D
- 1511 W 82nd St
- 9213 S Laflin St Unit 3A
- 8518 S Givins Ct
- 1725 W 91st St Unit 1
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