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5407 W 87th Street Oak Lawn, IL $ 520,000
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5407 W 87th Street
$ 520,000
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5407 W 87th Street

Oak Lawn, IL, 60453
$ 520,000
Bedrooms6 Baths4.2

Monthly Estimate*

$ 3,202

5407 W 87th Street, Oak Lawn, IL 60453 - Image 1
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5407 W 87th Street, Oak Lawn, IL 60453 - Image 8
5407 W 87th Street, Oak Lawn, IL 60453 - Image 9
5407 W 87th Street, Oak Lawn, IL 60453 - Image 10
5407 W 87th Street, Oak Lawn, IL 60453 - Image 11
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Multi-Family Home for sale in Oak Lawn, IL

for $520,000 with 6 bedrooms and 4 full baths, 2 half baths. This home was built in 1988.

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!

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Multi-Family Active

Price

$ 520,000

Bedrooms

6

Full Bath

4

Half Bath

2

Property Type

Multi-Family

Taxes

$ 11,622

Style

Year Built

1988

Town/City

Oak Lawn

County/Region

Cook

MLS | Web ID

12655042
Features
Exterior
Model 2 FLAT
Parking Features Garage Door Opener Garage Yes Garage Owned Detached Assigned Off Street Side Apron Driveway Owned
Water Source Lake Michigan
Total Parking 10.5
Foundation Details Concrete Perimeter
Lot Dimensions 67 X 120
Waterfront Y/N N
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General
Sewer Public Sewer Storm Sewer
Heating Natural Gas Forced Air
Possession Closing
Roof Asphalt
Zoning MULTI
Garage Spaces 2.5
Construction Materials Brick
Year Built 1988
Township Worth
Tax Year 2023
Ownership Fee Simple
Gross Income 38000
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 10
Status New
Directions CICERO AVE. TO 87 ST. WEST TO PROPERTY
City Oak Lawn
High School District 229
MLS Area Oak Lawn
Tax Annual Amount 11622
Standard Status Active
Middle/Junior School District 123
Elementary School District 123
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Interior
Basement Crawl Space
Total Bedrooms 6
Total Baths 4
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 2
Total Number of Units 2
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

lmichicich@bhhschicago.com

Email

Affordability Calculator

$4,170
Per Month
77%
23%
0%
Monthly Principal & Interest
$3,202
Monthly Property Taxes
$969
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565363 Elementary School
565252 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/28/2026$520,000 Listed Price

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5407 W 87th Street, Oak Lawn, IL, 60453 is a Multi-Family Home for sale at $520,000. 5407 W 87th Street has 6 bedrooms, 4.2 baths, and was built in 1988. The property's zip code is 60453 which is in Oak Lawn, IL

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