456 E 87th Place, Chicago, IL 60619

Chicago
Local realty services provided by:ERA Naper Realty
456 E 87th Place,Chicago, IL 60619
$599,999
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: skyler lemons, vincent roofe
Office: exit strategy realty
MLS#:12693528
Source:MLSNI

Price summary

  • Price:$599,999

About this home

Fully renovated in 2022, this turnkey all-brick 4-unit in Chatham is a rare owner-occupant house-hacking opportunity. The building offers four spacious 2-bedroom, 1-bathroom units, each rehabbed in 2022 with updated kitchens, baths, mechanicals, and finishes, leaving no deferred maintenance. Three units are currently leased and producing approximately $4,500 per month in income, with one vacant unit ready for an owner-occupant to move in and house-hack from day one, projected at $1,500 per month. Each unit is separately metered, with tenants responsible for their own utilities, keeping owner expenses low and cash flow strong. As a 4-unit primary residence, owner-occupant buyers may qualify with as little as 5% down, and lenders can count a portion of the existing and market rents toward qualifying income, increasing buying power. Additional features include a full unfinished basement offering storage and expansion potential, natural gas heat, and a 2-car garage. Conveniently located...

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Home facts

  • Year built:1928
  • Listing ID #:12693528
  • Updated:July 31, 2026 at 08:47 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:16
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1928

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,999
  • Tax amount:$8,338 (2024)

Parking

  • Total parking spaces:2
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:2
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