5407 W 87th St Oak Lawn, IL 60453
Estimated payment $3,778/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
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/15/2026 06/15/26 | Pending | -- | -- | -- | |
| 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 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $390,000 | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Deed | -- | Enterprise Title Svcs Inc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $299,250 | No Value Available | |
| Closed | $245,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12655042
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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