NOT LISTED FOR SALE

Estimated Value: $312,000 - $466,000

12 Beds
6 Baths
4,134 Sq Ft
$100/Sq Ft Est. Value

Last Sold February 03, 2022

Last sale price $400,000 $97 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,551/month

6 Days on Market

Highlights

  • Finished Attic
  • Accessibility Features
  • 1-minute walk to Lorraine L. Dixon Park
  • Detached Garage

About This Home

As of February 2022

Rare Gem in the Historic Chatham Neighborhood! Where else can you find 2 single family homes on 1 lot, that can be used as 3 separate units with only 1 tax bill?? Look no further, 863-865 E 87th Pl is here! 863 E 87th Pl has 1,800 Sq Ft with 6 spacious Bedrooms and 3 full bathrooms; 865 E 87th Pl is 2,334 Sq Ft and features 5 bedrooms/2 bathrooms above grade with a finished basement that can be rented as a 3rd unit which comes complete with a full kitchen, 2 bedrooms and 1 bath. Some of the updates done to both properties are NEW PLUMBING, NEW ELECTRICAL, NEW WINDOWS, NEW WATER HEATER, NEW FURNACE, NEW KITCHEN, NEW BATHROOM, NEW SIDING, and NEW APPLIANCES. This property takes in-law living to the next level and is perfect for someone that wants to live rent free without the hassle of tenants being in the same building as them. Truly A Sight To Behold!

Last Agent to Sell the Property

Denzel Blocker

eXp Realty License #475168940 Listed on: 08/31/2021

eXp Realty

Last Buyer's Agent

Dione Branch

eXp Realty License #475177377

eXp Realty

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1905 | 2021

Lot Details

  • 5,227

Parking

  • Detached Garage
  • Parking Space is Owned

Attic

  • Finished Attic

Additional Features

  • Finished Basement Bathroom
  • Accessibility Features

Home Details

Home Type

Single Family

Year Built | Renovated

1905 | 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 2 Stories,Coach House
  • Property Sub Type: 2 Stories,Coach House
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • Architectural Style: Bungalow
  • Directions: 87TH ST TO COTTAGE GROVE 1 BLOCK S TO 87TH PL, EAST TO ADDRESS
  • Lot Size: 5537
  • New Construction: No
  • Ownership: Fee Simple
  • Actual Status: Closed
  • Special Features: None
  • Year Built: 1905
  • Year Renovated: 2021

Interior Features

  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 4
  • Total Sq Ft: 0
  • Attic: Finished
  • Accessibility Features: Bath Grab Bars
  • Full Bathrooms: 6
  • Possible Bedrooms: 12
  • Total Bedrooms: 8
  • Dining Room Type: Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 11, Bedroom 12

Exterior Features

  • Exterior Building Type: Vinyl Siding,Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2074.03
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Jan 4, 2022
Sold by
Whitker Joseph
Bought by
Favors Saba
Seller's Agent
Denzel Blocker
eXp Realty
Buyer's Agent
Dione Branch
eXp Realty
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$413,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,490
Avg. Annual Appreciation
0.85%
Original Mortgage
$386,650
Outstanding Balance
$355,830
Interest Rate
3%
Estimated Equity
$57,660
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Favors Saba $400,000 --
Favors Saba -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Favors Saba $386,650
Closed Favors Saba $386,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2022 02/03/22 Sold $400,000 0.0% $97 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $400,000 -- $97 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

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 $4,604 $31,121 $4,153 $26,968
2023 $3,221 $21,820 $6,644 $15,176
2022 $3,221 $21,820 $6,644 $15,176
2021 $3,182 $21,819 $6,644 $15,175
2020 $3,757 $22,447 $4,429 $18,018
2019 $3,771 $24,942 $4,429 $20,513
2018 $4,927 $24,942 $4,429 $20,513
2017 $3,512 $16,316 $3,875 $12,441
2016 $1,755 $8,763 $3,875 $4,888
2015 $1,606 $8,763 $3,875 $4,888
2014 $1,465 $7,898 $3,322 $4,576
2013 $1,436 $7,898 $3,322 $4,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11205306

Midwest Real Estate Data (MRED)

APN: 25-02-103-022-0000