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Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12595709MLS Provider

864 E 87th PlaceChicago, IL 60619

Multi-Family · 7 Beds
$210,000 Active

864 E 87th Place Overview

Time on Site:
103 days
Visits:
0

** 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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864 E 87th Place Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1892

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Chatham
  • Subdivision Name: Dauphin Park
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $2,321.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 25021000450000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 1

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 7
  • Bedrooms Possible: 7
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas
  • Rooms Total: 11

Exterior

Parking Information

  • Parking Features: Yes
  • Parking Total: 3

Lot Information

  • Lot Size Dimensions: 2909
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1200
  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 4
  • Baths Total: 3

864 E 87th Place Neighborhood

Community

60619 (Chicago) Demographics

42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

864 E 87th Place Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

864 E 87th Place Market Data

Based on the last 30 days in this zip code

$215,577
Average List Price
$140
Average Price per Square Foot
34
Properties Sold
82
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

864 E 87th Place History

Date Event Value Agent
5/2/2026Source: MRED Status Change
Active
4/27/2026Source: MRED Status Change
Re-activated
4/19/2026Source: MRED Status Change
Pending
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Price Reduction
$210,000 -5.4%
4/9/2026Source: MRED Status Change
Price Change
3/23/2026Source: MRED Status Change
Active
3/19/2026Source: MRED Added to Database
March 19, 2026