$1,595,000

3011 W 87th St Evergreen Park, IL 60805

Estimated payment $11,512/month

Total Views 21,828
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Courtyard
  • Evergreen Park High School Rated A
  • Baseboard Heating

About This Home

16 Unit Building. This asset is comprised of 15 (1) bed units and (1) studio unit. Opportunity to raise rents. 8 of the units have been updated. California style building with on site laundry. 10 car parking in back plus street parking.

Listing Agent

Neil Gates

Chase Real Estate LLC License #475174838 Listed on: 09/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,663

Year Built

  • Built in 1962

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • 2-Story Property
  • Courtyard

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $10,820
  • Insurance Expense $4,000
  • Maintenance Expense $2,130
  • Other Expense $48,990
  • Trash Expense $500
  • Water Sewer Expense $10,820
  • Operating Expense $86,081
  • Gross Income $176,820
  • Net Operating Income $85,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,663

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: Other-See Remarks
  • Estimated Age: Older
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Refrigerators: 16
  • Ranges: 16
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1595000

Garage/Parking

  • Outdoor Parking: Private Lot,Parking-Street

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 500
  • Water Sewer Expenses: 10820
  • Janitor Expense: 445

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 10800 SQ FT
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 85440
  • Fuel Expense: 10820
  • Insurance Expense: 4000
  • ElectricExpense: 500
  • GrossIncome: 176820
  • Maintenance Expense: 2130
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 86081
  • Expense Year: 2024
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 34663
  • 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
09/03/2025 09/03/25 For Sale $1,595,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12458298

Midwest Real Estate Data (MRED)