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
Price:
$520,000
MLS #:
MRD12655042
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Neighborhood:
oaklawn
Listed Date:
May 28, 2026
Year Built:
1988
See this Listing
Schools
School District:
229
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Garage Spaces
2.5
Parking Features
Garage Door Opener, Garage, Yes, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Owned
Parking Spots
105
Parking Total
10.5
Patio And Porch Features
Deck, Patio
Roof
Asphalt
Financial
Tax Year
2023
Taxes
$11,622
Map
Community
- Address5407 W 87th Street Oak Lawn IL
- CityOak Lawn
- CountyCook
- Zip Code60453
Market Summary
Current real estate data for Multi Family in Oak Lawn as of Jun 15, 2026
6
Multi Family Listed
47
Avg DOM
$529,400
Avg List Price
Property Summary
- 5407 W 87th Street Oak Lawn IL is a Multi Family for sale in Oak Lawn, IL, 60453. It is listed for $520,000
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Copyright 2026. All rights reserved.
5407 W 87th Street
Oak Lawn, IL


