Date
Details
Price
Change
Source
3/18/2026
Listed
$222,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/6
$222,000
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Property Description
** Prime 2-Unit Investment Opportunity - Oversized Lot! ** Welcome to 864 E 87th Place - a fantastic income-generating property situated on an **oversized lot** offering both space and strong rental potential! This 2-unit building with a duplexed second floor is ideal for investors or owner-occupants seeking to maximize returns. **Property Highlights:** * **Unit 1 (1st Floor):** 3 bedrooms, 2 bathrooms - *currently tenant-occupied with steady income* * **Unit 2 (Duplex):** Spacious **4-bedroom, 2.5-bathroom** layout spanning the upper levels - *vacant and move-in ready* * Large lot with backyard space - ideal for outdoor use, gardening, or future enhancements * Unique architectural character with abundant natural light **Investment Potential:** * Live in one unit and rent the other, or fully lease both for maximum cash flow * Duplex layout offers premium rental value * Strong opportunity in a growing area with consistent demand * Showings **by appointment only** * **48-hour notice required** * **No lockbox** -
Full Property Details
Full Property Details for 864 E 87th Pl
General
- Price: $222,000
- Taxes: $2,321 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12595709
- Updated: 3/24/2026
- Added to Site: 17 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 7
Additional Information
- Other Features: School Bus Service
Parking
- Total Spaces: 3
- Parking Features: Yes
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Subdivision: Dauphin Park
- Driving Directions: I-94 (Dan Ryan) to 87th St (Exit 61B), east to Cottage Grove Ave, north to 87th Place, east to property. From Lake Shore Dr: 87th St west to Cottage Grove, north to 87th Place. CTA Red Line to 87th + 87th St bus east to Cottage Grove.
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: Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1892
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 2909
Financial Considerations
- Assessment Year: 1892
- Tax Amount: $2,321
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 25021000450000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 864 E 87th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ashe Elementary School 8505 South Ingleside Avenue, Chicago, IL 60619 | PK-8 | 0.3 mi |
Harlan Community Academy High School 9652 South Michigan Avenue, Chicago, IL 60628 | 9-12 | 1.6 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 864 E 87th Pl
Tax History
Tax History for 864 E 87th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,321
—
$16,100
46%
2023
$2,321
3%
$10,999
—
2022
$2,262
2%
$10,999
—
2021
$2,212
-31%
$10,999
-23%
2020
$3,195
-2%
$14,343
-12%
2019
$3,275
2%
$16,299
—
2018
$3,220
-18%
$16,299
-11%
2017
$3,936
7%
$18,283
—
2016
$3,662
9%
$18,283
—
2015
$3,350
16%
$18,283
18%
2014
$2,880
2%
$15,520
—
2013
$2,823
1%
$15,520
—
2012
$2,785
—
$15,520
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 864 E 87th Pl
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,008Sq. Ft.
Listed by Lisa Clemente (708) 268-8641
![[Address not provided], Cicero, IL 60804 - Photo 1](https://m.cbhomes.com/p/155/12609559/eCB35fD086994C6/s23cc.webp)
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,096Sq. Ft.
- Single Family
- Active
- Updated 14 hours ago
- 3Beds
- 1Total Bath
- 1,500Sq. Ft.
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864 E 87th Place, Chicago, IL 60619 (MLS# 12595709) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 864 E 87th Place is currently listed for $222,000 and was received on March 18, 2026. This property is listed by Terina Fountain from our Oak Park Office.Want to learn more about 864 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.