Sold: Jul 11, 2026
Address
5407 W 87th Street, Oak Lawn, IL
Price
$ 520,000
Property Attributes
  • MLS#12655042
  • TypeMulti-Family
  • Listing Status Closed
  • CountyCOOK
  • CityOak Lawn
  • AreaOak Lawn
  • Zip60453
  • Style
  • Year Built1988
  • Taxes$ 11622
  • Price$ 520,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms2
Data Source:
Midwest Real Estate Data (MRED)
Property Description

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!

Price History

General Features

New Construction No
Year Built 1988
Township Worth
Elementary School District 123
County Cook
Gross Income 38000
Property Type Residential Income
Middle/Junior School District 123
Sewer Public Sewer,Storm Sewer
Total Rooms 10
Standard Status Closed
City Oak Lawn
Status Closed
Roof Asphalt
Close Price 520000
Possession Closing
Tax Annual Amount 11622
Zoning MULTI
Tax Year 2023
Heating Natural Gas,Forced Air
Construction Materials Brick
Property Type Two to Four Units
Directions CICERO AVE. TO 87 ST. WEST TO PROPERTY
MLS Area Oak Lawn
Garage Spaces 2.5
Ownership Fee Simple
High School District 229

Interior Features

Total Bedrooms 6
Bedrooms Possible 6
Total Baths 4
Basement Crawl Space
Full Baths Building 2
Half Baths Building 2
Total Number of Units 2

Exterior Features

Street Suffix Street
Model 2 FLAT
Foundation Details Concrete Perimeter
Street Name 87th
Lot Dimensions 67 X 120
ModificationTimestamp 2026-07-14T08:02:02.355Z
Parking Features Garage Door Opener,Garage,Yes,Garage Owned,Detached,Assigned,Off Street,Side Apron,Driveway,Owned
Days on Market 19
Total Parking 10.5
Waterfront Y/N No
Water Source Lake Michigan

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60453

Price
AVG $610K
$520K
Taxes
AVG $11,524
$11,622
Year Built
AVG 1932
1988

Your Agent

Listed By
Berkshire Hathaway HomeServices Chicago
Sold By
REMAX Legends

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