864 E 87th Place Chicago, IL 60619
Chatham NeighborhoodEstimated payment $1,315/month
About This Home
** Prime 2-Unit Investment Opportunity - Oversized Lot! ** Welcome to 864 E 87th Place - a fantastic income-generating property situated on an **oversized lot** offering both space and strong rental potential! This 2-unit building with a duplexed second floor is ideal for investors or owner-occupants seeking to maximize returns. **Property Highlights:** * **Unit 1 (1st Floor):** 3 bedrooms, 2 bathrooms - *currently tenant-occupied with steady income* * **Unit 2 (Duplex):** Spacious **4-bedroom, 2.5-bathroom** layout spanning the upper levels - *vacant and move-in ready* * Large lot with backyard space - ideal for outdoor use, gardening, or future enhancements * Unique architectural character with abundant natural light **Investment Potential:** * Live in one unit and rent the other, or fully lease both for maximum cash flow * Duplex layout offers premium rental value * Strong opportunity in a growing area with consistent demand * Showings **by appointment only** * **48-hour notice required** * **No lockbox** -
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,321
Year Built
- Built in 1892
Home Design
- Frame Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 5 Bathrooms
Parking
- 3 Parking Spaces
- Parking Available
Additional Features
- Basement Fills Entire Space Under The House
- Heating System Uses Natural Gas
Community Details
- 2 Units
- Dauphin Park Subdivision
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 | $2,321 | $16,100 | $4,884 | $11,216 |
| 2024 | $2,321 | $16,100 | $4,884 | $11,216 |
| 2023 | $2,262 | $11,000 | $7,814 | $3,186 |
| 2022 | $2,262 | $11,000 | $7,814 | $3,186 |
| 2021 | $2,212 | $10,999 | $7,814 | $3,185 |
| 2020 | $3,195 | $14,343 | $5,209 | $9,134 |
| 2019 | $3,275 | $16,299 | $5,209 | $11,090 |
| 2018 | $3,220 | $16,299 | $5,209 | $11,090 |
| 2017 | $3,936 | $18,283 | $4,558 | $13,725 |
| 2016 | $3,662 | $18,283 | $4,558 | $13,725 |
| 2015 | $3,350 | $18,283 | $4,558 | $13,725 |
| 2014 | $2,880 | $15,520 | $3,907 | $11,613 |
| 2013 | $2,823 | $15,520 | $3,907 | $11,613 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2026 04/09/26 | Price Changed | $210,000 | -5.4% | -- |
| 03/18/2026 03/18/26 | For Sale | $222,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12595709
APN: 25021000450000
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.