Elite Dealer

1987 Chevrolet Camaro

Addison, Illinois

$39,995

Vehicle Details

Make

Chevrolet

Model

Camaro

Year

1987

Mileage

25,784 miles

VIN

1G1FP31F9HNXXX877

Body Type

Other

Transmission

Manual

Fuel Type

Gasoline

Engine

305

Description

1987 Chevrolet Camaro IROC-Z Convertible 20th Anniversary Edition ONLY 25,784 ORIGINAL MILES! RARE 5-SPEED MANUAL! 1 OF JUST 744 IROC-Z CONVERTIBLES PRODUCED! CLEAN CARFAX! MGM Classic Cars is proud to offer this exceptionally rare 1987 Chevrolet Camaro IROC-Z Convertible, finished in beautiful Burgundy with a contrasting Tan interior. This highly collectible Camaro celebrates Chevrolet s 20th Anniversary and represents an exciting piece of American muscle car history! With just 25,784 original miles, supported by an Indiana title indicating actual mileage, this IROC-Z has been preserved in climate-controlled storage and offers an outstanding combination of rarity, originality, and performance. Vehicle Highlights 1987 Chevrolet Camaro IROC-Z Convertible 20th Anniversary Commemorative Edition 1 of only 744 IROC-Z convertibles produced 1 of 1,007 commemorative editions produced Only 25,784 original miles Burgundy exterior with Tan interior Fuel-injected 5.0L LB9 V8 engine Desirable 5-speed manual transmission G80 limited-slip differential G92 performance axle ratio J65 four-wheel power disc brakes Factory IROC-Z appearance and performance package Factory head unit included Climate-controlled storage history Indiana title indicating actual mileage Clean Carfax report A Rare Piece of Camaro History! Finding a third-generation Camaro IROC-Z Convertible is becoming increasingly difficult, especially one equipped with the desirable 5.0L fuel-injected V8 and 5-speed manual transmission.

The combination of limited production, low original mileage, striking color combination, and documented mileage makes this 1987 IROC-Z an excellent addition to any Chevrolet enthusiast s collection. Whether you re looking for a collectible investment-grade classic, a weekend cruiser, or a nostalgic piece of 1980s American performance history, this Camaro deserves your attention! AVAILABLE NOW AT MGM CLASSIC CARS! 150 S. Church Street, Addison, IL 60101 (847) 848-1850 www.mgmclassiccars.com GREAT FINANCING OPTIONS AVAILABLE! NATIONWIDE SHIPPING RIGHT TO YOUR DRIVEWAY! MGM CLASSIC CARS Driven by Passion.

Powered by Classics. Nobody Does It Like MGM!
Trim: IROC-Z 20th Anniversary- 1 of 744 BUILT
Body Style: 3
Fuel Type: Gasoline

Classic Chevrolet Camaro Buyer's Guide

Full guide

Mike Sullivan

Muscle Cars

1967–2002

~4 min read

Updated Apr 2026

Everything you need to know about buying a classic Chevrolet Camaro, from 1967-1969 first-generation icons to the third-gen IROC era. VIN authentication, common rust hotspots, engine identification, and current market pricing.

This guide covers

✓ 10-point inspection checklist

✓ Common issues & what to avoid

✓ In-person inspection guide

✓ Market pricing by year & condition

✓ 5 FAQs answered

✓ History & fun facts

Read the Full Camaro Buyer's Guide

Chevrolet Camaro Market Overview

Based on 254 Chevrolet Camaro listings currently on ClassicCarsArena.com

254

Listed Now

$55,998

Avg. Asking Price

1937–1997

Year Range

Price Position on Our Site - Average Range

This car: $39,995

Low: $5,000 High: $259,900

Transmission Distribution

Automatic 55%

Manual 28% ◄

Other 0%

Condition Distribution

Excellent 14%

Good 8%

Fair 3%

Poor 1%

Project 0%

Data from ClassicCarsArena.com listings Browse all 254 listings →

💰

What is this car worth?

Check asking prices for the 1987 Chevrolet Camaro

Valuation Tool →

🔑

Selling a classic? Here's how

Fees, audience and photo limits compared: sell my classic car .

List Yours →

Classic Chevrolet Camaro Buyer's Guide

The Chevrolet Camaro launched in September 1966 as Chevy's direct response to the Ford Mustang, and for over five decades it has defined American performance for an entire generation of enthusiasts. Whether you're hunting a numbers-matching first-generation Z/28, a survivor split-bumper second-gen, or a clean third-gen IROC-Z, the Camaro buyer's market is deep, varied, and full of pitfalls for the unprepared.

What to Check Before Buying

✓

Verify VIN against cowl tag and build sheet , Cross-reference all three for matching production date, paint, trim, and option codes. Mismatched cowl tag = body swap.

✓

Check engine block partial VIN , Stamped on driver-side block deck near cylinder head. Must match dashboard VIN for "numbers matching" claim.

✓

Inspect rear window channel and trunk pan , Rust here is hidden but ruins structural integrity. Pop the rear seat and look at the rear window inner channel.

✓

Magnet test rocker panels and quarters , Body filler is non-magnetic. If the magnet doesn't stick, the panel has been filled, meaning underlying rust.

✓

Verify Z/28 RPO code on cowl tag , Genuine Z/28s carry the "Z28" code. Without it, the car is a clone, regardless of badging.

✓

Inspect 12-bolt rear end (first-gen) , Z/28s and SS396s used the 12-bolt. Check for original gear ratio code stamped on axle housing.

✓

Check transmission stamp and ratio , Muncie M21 close-ratio four-speed in Z/28s. Stamping on the side of the case identifies original.

✓

Examine motor mounts and frame rails , Big-block cars are notorious for breaking motor mounts. Look for cracked rubber, lifted engines, or aftermarket safety chains.

✓

Test drive on highway and parking lot , Listen for differential whine, transmission slip, brake pulsation, steering wander. Drive at least 20 minutes.

✓

Document with HD photos before purchase , Photo every panel, every stamp, every sticker. Document VIN, cowl tag, engine, transmission, rear axle. Build the case before you wire money.

Common Issues

Rust is the silent killer of every Camaro generation. First-gen cars (1967-69) hide rust under the rear window, in the trunk pan, around the rear wheel arches, and at the cowl seam where the windshield meets the firewall. Second-gen cars (1970-81) are notorious for rotten quarters, rocker panels, and floor pans, many cars on the market have been patched poorly or filled with body filler. Mechanical issues vary by generation. First-gens commonly suffer from worn 12-bolt rear ends, leaky Muncie transmission seals, and broken motor mounts (a Big Block specialty). Second-gens add tired steering boxes, crumbling vacuum lines, and EGR issues post-1972. Third-gens (1982-1992) are plagued by failing TPI sensors, sloppy T-tops that leak, and worn front coil-over-shock units on the IROC-Z.

What to Look For

Always start with the VIN. The first character tells you the country, the third tells you the model line, and the eighth (on 1972-and-later cars) tells you the engine. Cross-reference the VIN against the cowl tag and the trim tag, mismatches mean somebody swapped a body or a clip. For first-gen cars especially, find the partial VIN stamped on the engine block (driver's side, near the head, on Big Blocks) and on the transmission. Original drivetrains can add $15,000-$30,000 to a Z/28 or SS valuation versus a date-coded replacement. Look closely at the rocker panels, lower quarter panels, and the rear wheel arches with a strong magnet. Body filler is non-magnetic. If the magnet doesn't stick, you've got Bondo, and that's the cheap fix being hidden, not the expensive metal repair.

Price Guide

First-generation Camaros (1967-1969) are the gold standard. A driver-quality 1969 SS396 in good condition runs $55,000-$85,000 today. Z/28 prices range from $60,000 for a clean driver up to $200,000+ for documented, numbers-matching, low-mileage examples. Base 1967-1968 small-block coupes start around $28,000 for project cars, $45,000-$65,000 for nice drivers. Second-generation cars (1970-1981) have appreciated significantly in the last decade. 1970 Z/28 LT-1 cars are the high-water mark at $60,000-$120,000. Split-bumper 1970-1973 base coupes run $25,000-$45,000. Mid-second-gen cars (1974-1977) are the bargain entry point, often available for $15,000-$30,000 for solid drivers. Third-generation IROC-Zs (1985-1990) have entered serious collector territory. Clean L98 IROC-Zs sell for $18,000-$35,000, with low-mileage 1LE and B4C cars commanding $45,000+.

Did You Know?

The original 1969 Z/28 was conceived purely to homologate the Camaro for SCCA Trans-Am racing, the 302 V8 (a destroked 327) was built specifically because Trans-Am rules required engines under 305 cubic inches. The Mustang outsold the Camaro throughout the entire first generation. The Camaro did not outsell the Mustang until 1977, during the second generation. Only 69 ZL1 Camaros were built in 1969, they were essentially a factory drag racing special with an all-aluminum 427 big block, and they cost more than a new Corvette. A documented original ZL1 sold at Mecum's Indianapolis auction in 2018 for $1.05 million.

Also Consider

Similar classic cars shoppers also browse:

Ford Mustang (281) Pontiac Firebird (110) Dodge Charger (38) Plymouth Barracuda (19) Dodge Challenger (16)

How Does It Compare?

Head-to-head matchups for the Chevrolet Camaro:

Chevrolet Camaro vs Pontiac Firebird Chevrolet Camaro vs Chevrolet Corvette Chevrolet Camaro vs Ford Mustang Chevrolet Camaro vs Pontiac GTO

Browse all comparisons →

Elite Dealer

$39,995

1987 Chevrolet Camaro

Addison, Illinois

Contact Seller

Listed by dealer

MGM Classic Cars

Car alert

Get an email when a 1982-1992 Chevrolet Camaro is listed

At most one email a day. Stop anytime with one click.

ⓘ

Nationwide consignment dealer

MGM Classic Cars lists vehicles from sellers across multiple states. The vehicle may not be at the dealer's address shown. Contact the dealer to confirm the vehicle's actual location before traveling.

⚠

Buying safely?

Read our scam-avoidance tips before paying →

Listing Actions

Browse by Era

1980s Classics for Sale

All 1987 Classics

Browse all 1987 Cars for Sale

Original Factory Colors

Official paint codes for the Chevrolet Camaro.

🎨 View Factory Colors

Model History