864 E 87th Place Chicago, IL 60619
Chatham NeighborhoodEstimated payment $1,330/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 |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $210,000 | 0.0% | -- |
| 04/19/2026 04/19/26 | Pending | -- | -- | -- |
| 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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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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