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$520,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 2.5 Car Garage
  • Updated 21 hours ago

Next open house:

Open House: 12:00 PM - 2:00 PM

Saturday 6/6 12:00 PM - 2:00 PM

5407 W 87th Street,Oak Lawn, IL 60453

5407 W 87th StreetOak LawnIL60453

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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

  • Price: $520,000
  • Taxes: $11,622 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12655042
  • Updated: 5/28/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: Crawl Spac

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 2

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
  • Township: Worth
  • Driving Directions: CICERO AVE. TO 87 ST. WEST TO PROPERTY

School Information

  • School District: 123
  • Elem School District: 123
  • Midd School District: 123
  • High School District: 229

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

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

Structural Information

  • Model: 2 FLAT
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • 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
  • Pays Sewer: Public Sewer, Storm Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 24041030490000

Listed by Berkshire Hathaway HomeServices Chicago

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— 5407 W 87th St —

  • Berkshire Hathaway HomeServices Chicago

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NMLS#: 1598647

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NMLS#: 1598647

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

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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/28/2026
Listed
$520,000
33.33%
MLS
6/20/2023
Sold
$390,000
—
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 5407 W 87th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,622
—
$38,000
—
2023
$11,622
1%
$37,999
25%
2022
$11,555
15%
$30,505
—
2021
$10,067
1%
$30,505
—
2020
$9,948
3%
$30,505
2%
2019
$9,637
4%
$30,001
—
2018
$9,268
—
$30,001
—
2017
$9,305
21%
$30,001
28%
2016
$7,695
2%
$23,502
—
2015
$7,565
1%
$23,502
—
2014
$7,499
9%
$23,502
-2%
2013
$6,876
2%
$24,000
—
2012
$6,769
—
$24,000
—
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 Berkshire Hathaway HomeServices Chicago

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5407 W 87th Street, Oak Lawn, IL 60453 (MLS# 12655042) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 5407 W 87th Street is currently listed for $520,000 and was received on May 28, 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.

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