$399,000
$26K PRICE DROP

5649 W 87th Place Oak Lawn, IL 60453

Estimated payment $2,977/month

Total Views 22,933
4 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

AMAZING 2 unit w/ finished garden unit in basement. Everything has been updated within the last 10 years. ALL electrical, copper plumbing, roof & windows were replaced. Oversized lot with 2 car garage and 2 PIN numbers. Long term tenants!

Listing Agent

Joanna Dlugopolski

Listing Leaders Northwest, Inc License #475157526

Listing Leaders Northwest, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,185

Year Built

  • Built in 1938 | Remodeled in 2015

Lot Details

  • Lot Dimensions are 76x120
  • Paved or Partially Paved Lot
  • Additional Parcels

Parking

  • 2 Car Garage

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,185

Year Built

Built in 1938 | Remodeled in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1938
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Vinyl Siding, Frame
  • List Price: 399000
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 122

Lot Info

  • Additional Parcels Description: 24052070020000
  • Additional Parcels: Yes
  • Lot Dimensions: 76X120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 9185.34
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $790 $2,610 $2,610 --
2023 $790 $2,610 $2,610 --
2022 $790 $2,250 $2,250 $0
2021 $766 $2,250 $2,250 $0
2020 $750 $2,250 $2,250 $0
2019 $672 $2,070 $2,070 $0
2018 $644 $2,070 $2,070 $0
2017 $653 $2,070 $2,070 $0
2016 $574 $1,710 $1,710 $0
2015 $570 $1,710 $1,710 $0
2014 $565 $1,710 $1,710 $0
2013 $514 $1,710 $1,710 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Price Changed $399,000 -6.1% --
02/22/2025 02/22/25 For Sale $425,000 -- --
Source: Midwest Real Estate Data (MRED)

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Git
Special Warranty Deed $81,000 Forum Title Insurance Co
Legal Action Court Order -- None Available
Warranty Deed $255,000 Law Title
Quit Claim Deed $239,000 Premier Title
Deed $168,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $171,500 New Conventional
Previous Owner $204,000 Fannie Mae Freddie Mac
Previous Owner $51,000 Stand Alone Second
Previous Owner $227,050 Unknown
Source: Public Records

Similar Home in Oak Lawn, IL

  • 9330 S 51st Ave, Oak Lawn, IL 60453

    $399,000

    • 4 Beds
    • 2 Baths
    • 9330 S 51st Ave
    • Oak Lawn, IL

    Fully occupied 2 flat in a great residential area. Both tenants 10 + years renting, each unit 2 bed,1bath and a 3 car garage. Tenants pay gas and electric. Utilities all within 10 years and roof and siding 6-8 yrs. Huge yard / double lot. Beautiful back deck for BBQs. Deck needs some work, rear staircase replaced with 3 yrs. Such a great find in a fantastic school district and so close to

    Teri Campbell Century 21 Circle

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12296452

Midwest Real Estate Data (MRED)

APN: 24-05-207-002-0000