6421 W 87th Street, Oak Lawn, IL 60453
Cook County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1968
Stories
1
Living Area
15,810 sq ft
Lot Size
48,090 sq ft
Lot Dimensions
344X240X218X125X38X115
Zoning
COMMR
Days on Market
268
MLS® Listing#
12436224
Property Features
Cooling
Construction
Foundation
Roof
Financial Details
Annual Taxes
$107,711
Tax year 2023
Parcel Number
24062140180000
Directions
Ridgeland Ave North or South to 87th St, 87th St East or West to Address
Affordability Calculator
$660,000
Estimated monthly payment
$17,564/mo
Principal $2,640,000 · Est. interest $3,683,035 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oak Lawn, IL
- $313,710
- Median Listing Price
- 26
- Median Days on Market
- 1,327
- Median Sq Ft
- $215
- Median Price / Sq Ft
- 285
- Active Listings
- This home’s price is 952% above the area median.
- Its price per sq ft is 3% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oak Lawn, IL.
Location
Points of Interest in Oak Lawn, IL
Showing the Oak Lawn area map.
Nearby Schools
St Louis de Montfort Elementary School
Elementary · 0.2 mi away
Tobin Elementary School
Elementary · 0.3 mi away
McCord Parent Faculty Club
Elementary · 0.4 mi away
Mini Academy
School · 0.5 mi away
Lieb Elementary School
Elementary · 0.7 mi away
Harnew Elementary School
Elementary · 0.7 mi away
Maddock Elementary School
Elementary · 0.9 mi away
Simmons Middle School
Secondary · 0.9 mi away
Noor al Islam
School · 1.0 mi away
Oak Lawn High School
Secondary · 1.1 mi away
Liberty Junior High School
Secondary · 1.1 mi away
Kolb Elementary School
Elementary · 1.1 mi away
Harry E Fry School
Elementary · 1.1 mi away
Universal School
Elementary · 1.3 mi away
Aqsa School
Secondary · 1.3 mi away
St Gerald School
School · 1.3 mi away
St Fabian's School of Religion
School · 1.4 mi away
Luther Burbank Elementary School
Elementary · 1.4 mi away
Reavis High School District
Secondary · 1.4 mi away
Columbus Manor Elementary School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 12 Carlisle Drive, Oak Brook, IL | $3,299,000 | 6 | 9 | 9,813 |
| 1916 Midwest Club Parkway, Oak Brook, IL | $3,580,000 | 6 | 7 | 7,158 |
| 1901 Midwest Club Parkway, Oak Brook, IL | $3,695,000 | 6 | 9 | 9,862 |
| 1S625 Oakbrook Lake, Oak Brook, IL | $4,000,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Oak Lawn
Listing Courtesy: Network Property Managment LLC - 7088735540
Last Updated: 2025-08-01