864 E 87th Place, Chicago, IL 60619 - Photo 1

1/1

$130,000

Sold
Closed
Multi-Family
7 Total Beds

1/1

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

Sold For: $130,000
Taxes: $2,321 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12701906
Added to Site: 77 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 5

Bedrooms

Total Bedrooms: 7

Additional Information

Other Features: School Bus Service

Parking

Total Spaces: 3
Parking Features: Unassigned, Off-Alley, Yes

Location

Area: CHI - Chatham
County: Cook
Driving Directions: I-94 (Dan Ryan) to 87th St (Exit 61B) East to Cottage Grove Ave, North to 87th Place, East to Property.

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Public

Structural Information

Construction: Aluminum Siding
Exterior Const.: Aluminum Siding
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

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: Exceptions-Call List Office, List Broker Must Accompany
Property ID: 25021000450000

Listed by Coldwell Banker Realty
Sold by HomeSmart Connect LLC

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Listing agent

— 864 E 87th Pl —

Coldwell Banker Realty

(312) 909-6387

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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

Date

Details

Price

Change

Source

9/14/2026

Sold

$130,000

-31.58%

MLS

7/10/2026

Listed

$190,000

—

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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Beds
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Beds
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$120,000

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Single Family
Closed

4
Beds
3
Total Baths
864
Sq. Ft.

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Sold

$130,000

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Townhouse
Closed

2
Beds
1
Total Bath
969
Sq. Ft.

[Address not provided], Chicago, IL 60619 - Photo 1

Sold

$133,000

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Townhouse
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2
Beds
2
Total Baths
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Sq. Ft.

508 E 87th St, Chicago, IL 60619 - Photo 1

Sold

$139,900

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Single Family
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3
Beds
3
Total Baths
1,200
Sq. Ft.

864 E 87th Place, Chicago, IL 60619 (MLS# 12701906) is a Multi-Family property that was sold at $130,000 on September 14, 2026. 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.

864 E 87th Pl Chicago, IL 60619