Log In/Sign Up
Enter your email to login or create a free account
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
This Multifamily Property is no longer advertised on LoopNet.com.
1040-46 W 87th St
Chicago, IL 60620
Multifamily Property For Sale
·
32 Units

Investment Highlights
- Highly Desirable Auburn Gresham Location
- Modern Peerless Boiler w/ R&D Control System
- Ability to Push Rents by 40% on As-Is Condition
- Newer Hot Water Boiler & Water Tank
- Significant Value Add Through Improved Leasing and Bringing Rents to Current Market Rates
Property Facts
| No. Units | 32 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 22,380 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | ||
| Zoning | B3-1 - Community Shopping District | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 22,380 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | B3-1 - Community Shopping District |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Security System
Links
Property Taxes
| Parcel Number | 20-32-426-032-0000 | Improvements Assessment | $134,284 |
| Land Assessment | $11,970 | Total Assessment | $146,254 |
Property Taxes
Parcel Number
20-32-426-032-0000
Land Assessment
$11,970
Improvements Assessment
$134,284
Total Assessment
$146,254
Listing ID: 34466123
Date on Market: 1/13/2025
Last Updated:
Address: 1040-46 W 87th St, Chicago, IL 60620
The Gresham Multifamily Property at 1040-46 W 87th St, Chicago, IL 60620 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS
- South Lakefront Apartment Buildings
- Southwest Chicago Apartment Buildings
- Downtown Chicago Apartment Buildings
- South Chicago Apartment Buildings
- South Shore Apartment Buildings
- Bronzeville Apartment Buildings
- Chatham Apartment Buildings
- Greater Grand Crossing Apartment Buildings
- Englewood Apartment Buildings
- Gresham Apartment Buildings
- Washington Park Apartment Buildings
- Kenwood Apartment Buildings
- South Loop Apartment Buildings
- Little Village Apartment Buildings
- Hyde Park Apartment Buildings
NEARBY LISTINGS
- 2045 W Garfield Blvd, Chicago IL
- 6837 S Clyde Ave, Chicago IL
- 5651-5659 S Michigan Ave, Chicago IL
- 7150-52 S Cornell Ave, Chicago IL
- 8001 S Maryland Ave, Chicago IL
- 4957 S Calumet Ave, Chicago IL
- 5720 S Michigan Ave, Chicago IL
- 4952 S Michigan Ave, Chicago IL
- 7127 S Normal Blvd, Chicago IL
- 7600 S Phillips Ave, Chicago IL
- 6731 S Jeffery Blvd, Chicago IL
- 1422-1424 W Garfield Blvd, Chicago IL
- 4950 S Michigan Ave, Chicago IL
- 8054 S Ingleside Ave, Chicago IL
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map

Link copied
Your LoopNet account has been created!
Thank you for your feedback.
Please Share Your Feedback
We welcome any feedback on how we can improve LoopNet to better serve your needs.X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.