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864 E 87th Place Chicago, IL $ 190,000
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$ 190,000 Get more info
864 E 87th Place
$ 190,000
Back to search
Share Save

864 E 87th Place

Chicago, IL, 60619
$ 190,000
Bedrooms7 Baths5.1

Monthly Estimate*

$ 1,200

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Multi-Family Home for sale in Chicago, IL

for $190,000 with 7 bedrooms and 5 full baths, 1 half bath. This home was built in 1892.

** 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**

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Multi-Family Contingent

Price

$ 190,000

Bedrooms

7

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 2,321

Style

Year Built

1892

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12701906
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Immediate
Construction Materials Aluminum Siding
Year Built 1892
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 11
Status Contingent
Directions I-94 (Dan Ryan) to 87th St (Exit 61B) East to Cottage Grove Ave North to 87th Place East to Property.
City Chicago
High School District 299
MLS Area CHI - Chatham
Tax Annual Amount 2321
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 7
Total Baths 5
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 1
Total Number of Units 2
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Exterior
Parking Features Unassigned Off Alley Yes
Water Source Public
Total Parking 3
Lot Dimensions 2909
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

terina.fountain@cbrealty.com

Email

Affordability Calculator

$1,393
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,200
Monthly Property Taxes
$193
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/28/2026$190,000 Listed Price

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864 E 87th Place, Chicago, IL, 60619 is a Multi-Family Home for sale at $190,000. 864 E 87th Place has 7 bedrooms, 5.1 baths, and was built in 1892. The property's zip code is 60619 which is in Chicago, IL

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