$990,000

2741 W 87th St Evergreen Park, IL 60805

Estimated payment $6,976/month

Total Views 804
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating
  • Evergreen Park High School Rated A
  • Hot Water Heating System

About This Home

A solid all-brick well-maintained 11-unit building 1-bedroom units and off-street parking for 10 cars on-site, currently managed by a professional management company, this building offers steady rental income potential and room for increased in value, excellent tenant appeal in a growing rental market. Fully rented all units are currently on annual leases. This building is conveniently located right off of 87th St and California.

Listing Agent

Moses Cruz

HomeSmart Connect LLC License #475185770 Listed on: 08/31/2025

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,103

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 99x96x99x96
  • Property fronts an alley

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 3-Story Property

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $1,273
  • Fuel Expense $6,215
  • Insurance Expense $7,452
  • Maintenance Expense $6,611
  • Other Expense $3,310
  • Trash Expense $1,526
  • Water Sewer Expense $5,566
  • Operating Expense $68,523
  • Gross Income $131,664
  • Net Operating Income $64,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,103

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance,Flats
  • Stories: 3
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Storage Space
  • Possible Use: Multi-Family
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 11
  • Ranges: 11
  • Number of Windows: 0
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street, Alley Access
  • List Price: 990000
  • Roof: Composition

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat,Hot Water

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1526
  • Water Sewer Expenses: 5566
  • Janitor Expense: 14700

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 99x96x99x96
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 64340
  • Fuel Expense: 6215
  • Insurance Expense: 7452
  • ElectricExpense: 1273
  • GrossIncome: 131664
  • Maintenance Expense: 6611
  • NumberOfUnitsTotal: 11
  • OperatingExpense: 68523
  • Expense Year: 2025
  • Type Multi-Family: Corridor-Interior Entrance,Flats

Tax Info

  • Tax Annual Amount: 19102.89
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2025 08/31/25 For Sale $990,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12453749

Midwest Real Estate Data (MRED)