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!
Closed
$520,000
5407 W 87th St, Oak Lawn, IL 60453
6beds
--sqft
Multi Family
Built in 1988
-- sqft lot
$513,200 Zestimate®
$--/sqft
$2,013 Estimated rent
Home value
$513,200
$488,000 - $539,000
$2,013/mo
Zestimate® history
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$3,671/mo
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List your homeWhat's special
Individual furnacesNewer windowsCentral airAmple off-street parkingPrivate in-unit laundry hook-up
Zillow last checked:
Listing updated:
Listed by:
Laura Michicich, CSC 630-325-7500,
Berkshire Hathaway HomeServices Chicago
Bought with:
Tayser Mohammed
REMAX Legends
Source: MRED as distributed by MLS GRID,MLS#: 12655042
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Crawl Space
Property
Parking
- Total spaces: 10.5
- Parking features: Garage Door Opener, Garage, Yes, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Owned
- Garage spaces: 2.5
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Patio
Lot
- Size: 8,040 Square Feet
- Dimensions: 67 X 120
Details
- Parcel number: 24041030490000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1988
Details
- Builder model: 2 FLAT
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Oak Lawn
Financial & listing details
- Tax assessed value: $380,000
- Annual tax amount: $11,622
- Date on market: 5/28/2026
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2026 | Sold | $520,000 |
Source:  MRED as distributed by MLS GRID #12655042 Report a problem | ||
| 6/16/2026 | Contingent | $520,000 |
Source: MRED as distributed by MLS GRID #12655042 Report a problem | ||
| 5/28/2026 | Listed for sale | $520,000+33.3% |
Source: MRED as distributed by MLS GRID #12655042 Report a problem | ||
| 6/23/2023 | Sold | $390,000-7.1% |
Source: MRED as distributed by MLS GRID #11704836 Report a problem | ||
| 6/4/2023 | Pending sale | $419,900 |
Source: MRED as distributed by MLS GRID #11704836 Report a problem | ||
| 5/2/2023 | Contingent | $419,900 |
Source: MRED as distributed by MLS GRID #11704836 Report a problem | ||
| 2/15/2023 | Price change | $419,900-2.7% |
Source: MRED as distributed by MLS GRID #11704836 Report a problem | ||
| 1/20/2023 | Listed for sale | $431,500-4.1% |
Source: MRED as distributed by MLS GRID #11704836 Report a problem | ||
| 8/12/2022 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11411213 Report a problem | ||
| 5/20/2022 | Listed for sale | $449,900+12.8% |
Source: MRED as distributed by MLS GRID #11411213 Report a problem | ||
| 1/13/2022 | Sold | $399,000+66.3% |
Source: Public Record Report a problem | ||
| 10/22/2010 | Sold | $240,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $38,000 +0% |
| 2023 | $11,622 +0.6% | $37,999 +24.6% |
| 2022 | $11,555 +14.8% | $30,505 |
| 2021 | $10,067 +1.2% | $30,505 |
| 2020 | $9,948 +3.2% | $30,505 +1.7% |
| 2019 | $9,637 +4% | $30,001 |
| 2018 | $9,268 -0.4% | $30,001 |
| 2017 | $9,305 +20.9% | $30,001 +27.7% |
| 2016 | $7,695 +1.7% | $23,502 |
| 2015 | $7,565 +0.9% | $23,502 |
| 2014 | $7,499 +9.1% | $23,502 -2.1% |
| 2013 | $6,876 +1.6% | $24,000 |
| 2012 | $6,769 +4.8% | $24,000 |
| 2011 | $6,458 +7.5% | $24,000 |
| 2010 | $6,006 -33.8% | $24,000 -27.8% |
| 2009 | $9,072 +16.9% | $33,254 -11.7% |
| 2008 | $7,760 +2.7% | $37,654 +15.2% |
| 2007 | $7,555 +3.9% | $32,679 |
| 2006 | $7,270 +11.4% | $32,679 |
| 2005 | $6,524 -3.8% | $32,679 +8.9% |
| 2004 | $6,780 +5.9% | $29,997 |
| 2003 | $6,401 +5.2% | $29,997 |
| 2002 | $6,087 +23.2% | $29,997 +16.9% |
| 2001 | $4,940 +2.8% | $25,653 |
| 2000 | $4,804 +4.7% | $25,653 |
| 1999 | $4,587 | $25,653 |
Find assessor info on the county website
Neighborhood: 60453
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10J Covington Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Oak Lawn-Hometown Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Oak Lawn Community High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: 123
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$513,200
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Estimated market value
$513,200
- Illinois
- Cook County
- Oak Lawn
- 60453
- 5407 W 87th St
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