5407 W 87th St Oak Lawn, IL 60453
Estimated payment $3,789/month
Highlights
- Deck
- Patio
- Forced Air Heating System
- 2.5 Car Detached Garage
About This Home
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!
Listing Agent
Berkshire Hathaway HomeServices Chicago License #475158582 Listed on: 05/28/2026
Open House Schedule
-
Saturday, June 6, 202612:00 to 2:00 pm6/6/2026 12:00:00 PM +00:006/6/2026 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,622
Year Built
- Built in 1988
Parking
- 2.5 Car Detached Garage
- Parking Available
- Garage Door Opener
- Driveway
- On-Street Parking
- Off-Street Parking
- Assigned Parking
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Crawl Space
- Lot Dimensions are 67 x 120
Community Details
Overview
- 2 Units
- 2 Flat
Building Details
- Gross Income $38,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,622 | $38,000 | $5,452 | $32,548 |
| 2024 | $11,622 | $38,000 | $5,452 | $32,548 |
| 2023 | $11,555 | $38,000 | $5,452 | $32,548 |
| 2022 | $11,555 | $30,506 | $4,673 | $25,833 |
| 2021 | $10,067 | $30,505 | $4,672 | $25,833 |
| 2020 | $9,948 | $30,505 | $4,672 | $25,833 |
| 2019 | $9,637 | $30,001 | $4,283 | $25,718 |
| 2018 | $9,268 | $30,001 | $4,283 | $25,718 |
| 2017 | $9,305 | $30,001 | $4,283 | $25,718 |
| 2016 | $7,695 | $23,502 | $3,504 | $19,998 |
| 2015 | $7,565 | $23,502 | $3,504 | $19,998 |
| 2014 | $7,499 | $23,502 | $3,504 | $19,998 |
| 2013 | $6,876 | $24,000 | $3,504 | $20,496 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/28/2026 05/28/26 | For Sale | $520,000 | +33.3% | -- | |
| 06/23/2023 06/23/23 | Sold | $390,000 | -7.1% | -- | View Prior Sale |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- | |
| 02/15/2023 02/15/23 | Price Changed | $419,900 | -2.7% | -- | |
| 01/20/2023 01/20/23 | For Sale | $431,500 | +8.1% | -- | |
| 12/21/2021 12/21/21 | Sold | $399,000 | -0.2% | -- | View Prior Sale |
| 11/11/2021 11/11/21 | Pending | -- | -- | -- | |
| 07/12/2021 07/12/21 | For Sale | -- | -- | -- | |
| 06/29/2021 06/29/21 | For Sale | -- | -- | -- | |
| 06/27/2021 06/27/21 | Pending | -- | -- | -- | |
| 06/26/2021 06/26/21 | Pending | -- | -- | -- | |
| 06/19/2021 06/19/21 | For Sale | -- | -- | -- | |
| 06/15/2021 06/15/21 | Pending | -- | -- | -- | |
| 06/15/2021 06/15/21 | For Sale | -- | -- | -- | |
| 06/09/2021 06/09/21 | Pending | -- | -- | -- | |
| 05/07/2021 05/07/21 | For Sale | $399,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12655042
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 5337 W 87th St
- 5249 W 88th St
- 8758 Central Ave
- 8762 Central Ave
- 5262 Alexander Place
- 5312 Kimball Place
- 8500 Parkside Ave
- 5555 W 90th St
- 5517 W 83rd Place
- 8632 Leclaire Ave
- 5400 W 83rd Place
- 8605 Leclaire Ave
- 9125 S 54th Ave
- 5858 W 88th Place
- 5733 W 83rd Place
- 5910 W 88th St
- 8737 S 50th Ave
- 4929 W 87th St Unit 1SE
- 5940 W 87th St Unit 301
- 8416 Mansfield Ave
- 5834 W 89th Place
- 5840 W 81st Place Unit SI ID1237898P
- 5846 W 81st Place
- 10910 S Kilpatrick Ave Unit 3NW
- 9518 S 53rd Ave Unit 2
- 9522 S 53rd Ave Unit 1N
- 9522 S 53rd Ave Unit 2S
- 9522 S 53rd Ave Unit 1S
- 9522 S 53rd Ave Unit 2N
- 9522 S 53rd Ave Unit 3S
- 9522 S 53rd Ave Unit 3N
- 9520 Major Ave
- 7732 S Lotus Ave
- 7732 Lotus Ave
- 8621 Natchez Ave
- 4601-4613 W 95th St
- 97 Pinehurst Ct
- 9735 S Cicero Unit 1SW
- 8713 S Keeler Ave Unit 1
- 9845 S Cicero Ave Unit 9845-1N
Ask me questions while you tour the home.