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Turnkey 4-Unit Brick Multifamily

456 E 87th Place Chicago, IL 60619

Claim this Listing
New
For Sale
$599,999

MULTI_FAMILY - Chicago, IL

Added:
Jul 6, 2026
Days on Market:
7
Last Refresh:
Jul 12 at 12:06 am

Property Features for 456 E 87th Place

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 3, Basement, Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 8
Parking
2
Parking features
Garage
Window features
Screens
Basement
Full, Walk-Out Access, Unfinished
Standard status
Active
APN
25032000440000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
8338

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public

Building Details

Year built
1928
Building materials
Brick

Listing agent Skyler Lemons License #475196290

Listing office EXIT Strategy Realty 2935 N. Clark St., Chicago, IL

Listing date Jul 6, 2026

MLS# 12693528 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This all-brick, 4-unit multifamily property was fully renovated in 2022 and is offered in turnkey condition. The building contains four spacious 2-bedroom, 1-bathroom units, each rehabbed in 2022 with updated kitchens and baths, refreshed finishes, and mechanical improvements. Three units are currently leased, while one unit is vacant and ready for an owner-occupant to move in.

Each unit is separately metered, with tenants responsible for their own utilities, which helps keep owner expenses low. The property also includes a full unfinished basement that provides storage and offers expansion potential. Natural gas heat and a 2-car garage are included.

Located near transit access via the 87th Street Red Line and Metra Electric, the property is positioned for convenient commuting and nearby retail access, with connectivity to the Dan Ryan.

Key Highlights

  • Fully renovated 2022 all‑brick 4‑unit property with four 2‑bedroom, 1‑bath units
  • Three units leased and producing approximately $4,500/month; one vacant unit ready for owner‑occupant move‑in
  • Each unit separately metered with tenants responsible for their own utilities

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Cafe & Coffee Shop Bakery Tech Support Center Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fully renovated 2022 4-unit brick property with separate utilities, natural gas heat, and a 2-car garage.
Where is this quadplex located?
The property is located at 456 E 87th Place Chicago, IL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Fully renovated 2022 all‑brick 4‑unit property with four 2‑bedroom, 1‑bath units; Three units leased and producing approximately $4,500/month; one vacant unit ready for owner‑occupant move‑in; Each unit separately metered with tenants responsible for their own utilities
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