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$599,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 2 days ago

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Fully renovated in 2022, this turnkey all-brick 4-unit in Chatham is a rare owner-occupant house-hacking opportunity. The building offers four spacious 2-bedroom, 1-bathroom units, each rehabbed in 2022 with updated kitchens, baths, mechanicals, and finishes, leaving no deferred maintenance. Three units are currently leased and producing approximately $4,500 per month in income, with one vacant unit ready for an owner-occupant to move in and house-hack from day one, projected at $1,500 per month. Each unit is separately metered, with tenants responsible for their own utilities, keeping owner expenses low and cash flow strong. As a 4-unit primary residence, owner-occupant buyers may qualify with as little as 5% down, and lenders can count a portion of the existing and market rents toward qualifying income, increasing buying power. Additional features include a full unfinished basement offering storage and expansion potential, natural gas heat, and a 2-car garage. Conveniently located near the 87th Street Red Line and Metra Electric, offering quick access to transit, shopping, and the Dan Ryan. Move into the vacant unit, let the other three cover your mortgage, and start building wealth on Chicago's South Side.

Full Property Details for 456 E 87th Pl

General

  • Price: $599,999
  • Taxes: $8,337 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12693528
  • Updated: 7/8/2026
  • Added to Site: 4 day(s) ago

Rental Information

  • Complex Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: Commuter Bus, Commuter Train

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - Chatham
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: North or South to 87th Street, 1 block east of King Drive, South to Property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full, Walk-Out Access
  • Windows: Screens
  • Year Built: 1928
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3125 SQ FT

Financial Considerations

  • Assessment Year: 1928
  • Tax Amount: $8,337.67
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 25032000440000

Listed by EXIT Strategy Realty and eXp Realty

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Listing agents

— 456 E 87th Pl —

  • EXIT Strategy Realty

  • eXp Realty

info@skylerlemons.com

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 456 E 87th Pl

School District:Chicago Public School District 299
NameGradesDistance
Pirie Elementary Fine Arts & Academic C
650 East 85th Street, Chicago, IL 60619
K-60.4 mi
Dixon Elementary School, Chicago, IL
8306 South Saint Lawrence Avenue, Chicago, IL 60619
7-80.5 mi
Harlan Community Academy High School
9652 South Michigan Avenue, Chicago, IL 60628
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 456 E 87th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/06/2026
Listed
$599,999
33.33%
MLS
4/29/2022
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 456 E 87th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,532
—
$41,500
246%
2023
$2,532
3%
$11,999
—
2022
$2,468
2%
$11,999
—
2021
$2,413
-27%
$11,999
-19%
2020
$3,310
-2%
$14,858
-12%
2019
$3,392
2%
$16,885
—
2018
$3,335
-18%
$16,885
-11%
2017
$4,091
7%
$19,005
—
2016
$3,806
9%
$19,005
—
2015
$3,483
14%
$19,005
15%
2014
$3,062
2%
$16,503
—
2013
$3,002
1%
$16,503
—
2012
$2,961
—
$16,503
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by EXIT Strategy Realty and eXp Realty

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456 E 87th Place, Chicago, IL 60619 (MLS# 12693528) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 456 E 87th Place is currently listed for $599,999 and was received on July 06, 2026. Want to learn more about 456 E 87th Place? Do you have questions about finding other Multi-Family real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

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