440 W 87th St, Chicago, IL
0 bd · 0 ba · 0 sqft Land listed at $500,000 in the Auburn Gresham neighborhood.
About this home
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
- Price
- $500,000
- Bedrooms
- 0
- Bathrooms
- 0
- Lot size
- 1.94 acres
- Type
- Land
- Days on market
- 128
- Est. property tax
- $10,400/yr · $867/mo · 2.08% IL avg
- Last sold
- $5,000 · Jan 1987
Estimated monthly payment
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Price history
- Dec 19, 2025$500,000Initial list price
- Feb 17, 2013$243,224Price change
- Nov 30, 2012$243,224Initial list price
Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60620)
Median age is 39.1; 12% hold a bachelor's degree; 49% of homes are owner-occupied; median household income is $46,472.
- Median income
- $46,472
- Median age
- 39.1
- Owner-occupied
- 48.6%
- Bachelor's degree
- 11.9%
- Census median home value
- $177,500
Source: US Census Bureau American Community Survey 5-year estimates.
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