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$520,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds
  • 2.5 Car Garage
  • Updated 46 minutes ago
See This Home
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See This Home
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Solid brick 2-flat with strong income potential and major updates already completed! Both spacious units offer approximately 1,500 square feet of living space with 3 bedrooms, 1.1 baths, individual furnaces, central air, and private in-unit laundry hook-up. Newer windows and roof provide added value and peace of mind. The first-floor unit includes garage access and rents for $1,800 per month plus utilities. The second-floor unit rents for $1,450 per month plus utilities and has a long-term tenant history. Ample off-street parking adds convenience for tenants and guests alike. Well-maintained, solidly built investment property offering excellent cash flow potential in a desirable location. A rare opportunity for investors or owner-occupants seeking rental income and long-term value!

Full Property Details for 5407 W 87th St

General

  • Sold For: $520,000
  • Taxes: $11,622 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12655042
  • Added to Site: 46 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access

Parking

  • Garage: Yes
  • Garage Spaces: 2.5
  • Total Spaces: 10
  • Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached, Assigned, Off-Street, Side Apron, Driveway, Owned

Location

  • Area: Oak Lawn
  • County: Cook
  • Driving Directions: CICERO AVE. TO 87 ST. WEST TO PROPERTY

School Information

  • School District: 123
  • Midd School District: 123

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: Crawl Space
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1988

Unit Information

  • Units in Building: 2

Manufactured Home

  • Model: 2 FLAT

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 67 x 120
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1988
  • Tax Amount: $11,622
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 24041030490000

Listed by Berkshire Hathaway HomeServices Chicago
Sold by REMAX Legends

Listing agent

— 5407 W 87th St —

  • Berkshire Hathaway HomeServices Chicago

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5407 W 87th St

School Districts:Oak Lawn Community High School District 229, Oak Lawn-Hometown School District 123
NameGradesDistance
J Covington Elementary School
9130 South 52nd Avenue, Oak Lawn, IL 60453
K-50.6 mi
Oak Lawn-Hometown Middle School
5345 West 99th Street, Oak Lawn, IL 60453
6-81.5 mi
Oak Lawn Community High School
9400 Southwest Highway, Oak Lawn, IL 60453
9-121.1 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 5407 W 87th St

Date
Details
Price
Change
Source
7/11/2026
Sold
$520,000
—
MLS
5/28/2026
Listed
$520,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Berkshire Hathaway HomeServices Chicago
Sold by REMAX Legends

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Recent Sales near 5407 W 87th St

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5407 W 87th Street, Oak Lawn, IL 60453 (MLS# 12655042) is a Multi-Family property that was sold at $520,000 on July 11, 2026. Want to learn more about 5407 W 87th Street? Do you have questions about finding other Multi-Family real estate for sale in Oak Lawn? You can browse all Oak Lawn real estate or contact a Coldwell Banker agent to request more information.