5407 West 87th Street

Oak Lawn, IL 60453

$419,900
Price
6
Beds
2
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Newer windows and roof on building! Solid built brick 2-flat spacious 3 bedroom 1 1/2 bath units with individual furnaces and c/a, individual laundry in each unit. Both units approximately 1,500 sq ft. Each. Second floor rents for $1,400. Mo plus utilities paid by tenants. First floor rents for $1,800 with garage. Plenty of off street parking. Second floor lease expires december 2023 and been there 12 years. Second floor security deposit is $1,195. 1 year lease on first floor & and garage until december...Newer windows and roof on building! Solid built brick 2-flat spacious 3 bedroom 1 1/2 bath units with individual furnaces and c/a, individual laundry in each unit. Both units approximately 1,500 sq ft. Each. Second floor rents for $1,400. Mo plus utilities paid by tenants. First floor rents for $1,800 with garage. Plenty of off street parking. Second floor lease expires december 2023 and been there 12 years. Second floor security deposit is $1,195. 1 year lease on first floor & and garage until december 2023 first floor security deposit is $1,700. Great building! Great income!
  1. Listed by Bruce La Ha • RE/MAX 10

Property Details for 5407 West 87th Street

Area
Oak Lawn
Township
Worth
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
8.0
Num Of Cars
10.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Listing Courtesy of RE/MAX 10
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LISTING UPDATED: 03/13/2023 10:00 PM

Property Details for 5407 West 87th Street

StatusActive
MLS #11704836
Days on Market60
Taxes$10,064 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1989
Lot Size-
CountyCook County

Location

Listing Courtesy of RE/MAX 10
Add your commute

Building Information for 5407 West 87th Street

Stories-Residences2Year Built1989Building Size-Lot Size-

Payment Calculator

$3,013 per month

30 year fixed, 6.73% Interest

Principal and Interest

$2,174

Property Taxes

$839

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5407 West 87th Street

General Information
    School Information
  • Elementary School District: 123
  • High School District: 229
  • Middle Or Junior School District: 123
    Addtl Parking Information
  • Garage Details: Transmitter(s), Heated, 7 Foot or more high garage door
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage, Space/s
  • Parking Details: Assigned Spaces, Off Street, Side Apron
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
    Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 6
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 2
  • Num of Baths: 0.0
    Utilities / Equipment
  • Sewer: Sewer-Public, Sewer-Storm
  • Water: Lake Michigan
    Property/Lot Information
  • Exterior Property Features: Deck, Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 31-40 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 67 X 120
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 8700
  • East Coordinate: 0
  • West Coordinate: 5407
  • 3 Br Un In Bldg: Yes
    Property and Assessments
  • Public Document Count: 0
  • Photos Count: 16
    Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
    Income & Expenses
  • Gross Income: $38,400.00
  • Insurance Expense: $1,200.00
  • Insurance Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Water Sewer Expense: $1,800.00
    Unit 1
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
    Unit 2
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2

Property History for 5407 West 87th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5407 West 87th Street

Taxable ValueLand$4,672Additions$25,833Total$30,505
Tax Record2020$9,948 ($829 / month)
Home Facts
Baths3Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtStories2Lot Size7,788 SqFtStyleMulti-Family Res (5+ Units)Year Built1988CountyCOOKAPN24-04-103-049

Schools near 5407 West 87th Street

This home is within Oak Lawn-Hometown School District 123.
RatingSchoolTypeGradesDistance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
RatingSchoolDistance
Hometown Elementary School
PublicPK to 5

Sward Elementary School
PublicPK to 5

Kolmar Avenue Elementary School
PublicPK to 5

J Covington Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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5407 West 87th Street is a multi-family home for sale in Oak Lawn, IL 60453. This property was listed for sale on January 20, 2023 by RE/MAX 10 at $419,900. It has been on the market for a total of 60 days and was last sold on December 21, 2021. This listing's school districts are Oak Lawn-Hometown School District 123, Oak Lawn Chsd 229 School District. Nearby schools include Hometown Elementary School, Sward Elementary School and Kolmar Avenue Elementary School. 5407 West 87th Street is a 6-bed, 3-bath, multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 10

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