11020 S Vernon Avenue
Chicago, IL 60628

Status: Active
Multi Family
12 beds
0 baths
0 sq.ft
Listing Price: $499,999

About this home

This stunning blonde brick three-flat is a must-see for investors and owner-occupants alike. Each unit boasts four spacious bedrooms and a beautifully renovated bathroom, with hardwood floors and high ceilings throughout. With rents starting at $1, 800 - $2, 000 per unit, this property offers great income potential. The building has been completely rehabbed with City of Chicago-approved plans and permits, including a new roof, porch, siding and tuckpointing. The kitchens feature quartz countertops and stainless-steel appliances, while the bathrooms have been updated. Tenants will love the convenience of paying their own utilities, and the unfinished basement presents a great opportunity for additional storage or a potential fourth unit. With new mechanicals including a hot water tank, water supply lines, electrical panel, and heating system, this property is move-in ready and waiting for its new owner. Seller will generously offer 2% towards buyer's closing costs, making this opportunity even more attractive for prospective buyers. Don't miss out on the chance to own this turnkey investment property - schedule your showing today!

Property details

Property / Lot Details
Acreage 0.09
Lot Dimensions 126X33
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1920
Exterior Building Type Brick
Parking None
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Roseland
Corporate Limits Chicago
Directions 111th St to S Martin Luther King Dr North to 110th St East to Vernon South to building
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan
Jr High/Middle Dist 299
Township South Chicago
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 12
Bedrooms Possible 12
Baths Count 3
Full Baths in Building Count 3
Total Rooms 21
Units
unit 1
Beds Total 4
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1300
unit 2
Beds Total 4
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1300
unit 3
Beds Total 4
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1300

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 25154140150000
Special Assessments N
Taxes $2,475
Tax Year 2022
$499,999 Listing Price:
MLS # 12077870
Investment Profile Residential Income
Listing Market Time 15 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking None
List Date 06/12/2024
Year Built 1920
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