5407 W 87th Street
Oak Lawn, IL 60453
6
Bed
4
Bath
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!
Property Details
Map
Map
Features
-
Bedroom Information
Total Bedroom: 6Bathroom Information
Total Baths: 4Room Information
Rooms Total: 10Interior Features
Roof: AsphaltRoofing Information
Asphalt -
Flooring Information
Construction Materials: Brick -
Heating & Cooling
Heating: Natural Gas, Forced Air WaterSource: Lake Michigan
-
Building Information
Year Built: 1988
-
Lot Information
Lot Dimensions: 67 X 120 Lot Size: Less Than .25 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
-
Listing Price Information
Original List Price:$520000
-
Tax Information
Annual Tax: $11622 Tax Year: 2023 Parcel Number: 24041030490000 Tax Exemption: None
-
Parking Information
Total Parking: 10.5 Garage Door Opener, Garage, Yes, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, OwnedGarage Information
Garage Space: 2.5
-
Utility Information
Sewer: Public Sewer, Storm Sewer Water Source: Lake Michigan -
Location Information
City: Oak Lawn Direction: CICERO AVE. TO 87 ST. WEST TO PROPERTY
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8848 Merrimac Avenue, Oak Lawn, IL, 60453 | $240,000 | 3 | 2 | 1,350 | 1,350 SqFt |
| 10424 Central Avenue #3NE, Oak Lawn, IL, 60453 | $189,000 | 2 | 2 | 1,150 | 1,150 SqFt |
| 6716 W 89th Place, Oak Lawn, IL, 60453 | $458,000 | 3 | 3 | 1,955 | 1,955 SqFt |
| 4819 W 109th Street #302, Oak Lawn, IL, 60453 | $185,000 | 2 | 1 | -- | |
| 10912 S Pulaski Road, Oak Lawn, IL, 60453 | $260,000 | 4 | 1 | 928 | 928 SqFt |
| 5262 Alexander Place, Oak Lawn, IL, 60453 | $324,999 | 3 | 1 | 1,056 | 1,056 SqFt |
| 6709 W 88th Place, Oak Lawn, IL, 60453 | $379,999 | 3 | 2 | 1,700 | 1,700 SqFt |
| 9520 Mayfield Avenue #212, Oak Lawn, IL, 60453 | $124,900 | 1 | 1 | 850 | 850 SqFt |
| 9548 Merrimac Avenue, Oak Lawn, IL, 60453 | $429,500 | 5 | 4 | 2,700 | 2,700 SqFt |
| 5858 W 88th Place, Oak Lawn, IL, 60453 | $384,900 | 3 | 2 | 1,860 | 1,860 SqFt |
Similar Homes To 5407 W 87th Street
Nearby For Sale
Disclaimer: The information being provided courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Midwest Real Estate Data LLC (MRED). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of Midwest Real Estate Data LLC (MRED). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Based on information submitted to the MLS GRID as of 06/23/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for Consumer use of IDX Listings Disclaimer
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
ByOwner last updated this listing 06/23/2026 @ 06:20
More Cities with for Sale by Owner Homes
- Oak Lawn Homes For Sale By Owner
- Chicago Ridge Homes For Sale By Owner
- Worth Homes For Sale By Owner
- Hometown Homes For Sale By Owner
- Burbank Homes For Sale By Owner
- Evergreen Park Homes For Sale By Owner
- Bridgeview Homes For Sale By Owner
- Alsip Homes For Sale By Owner
- MERRIONETTE PARK Homes For Sale By Owner
- CRESTWOOD Homes For Sale By Owner
- Palos Hills Homes For Sale By Owner
- Hickory Hills Homes For Sale By Owner
- Palos Heights Homes For Sale By Owner
- Justice Homes For Sale By Owner
- Midlothian Homes For Sale By Owner
- Summit Homes For Sale By Owner
- Blue Island Homes For Sale By Owner
- Dixmoor Homes For Sale By Owner
- Robbins Homes For Sale By Owner
- Palos Park Homes For Sale By Owner
Homes around $520,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.