8134 S Vernon AVE, Chicago, IL 60619
8134 S Vernon AVE, Chicago, IL 60619
8134 S Vernon AVE, Chicago, IL 60619
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$400,000
Est. payment /mo
6 Beds
4 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12634610

Bedrooms 6

Year Built 1923

Annual Tax Amount $4,009

Tax Year 2023

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

CASH FLOW OPPORTUNITY - TURNKEY 2-UNIT IN Chatham This 6-bedroom, 4-bath two-unit building is a true income-producing asset with immediate returns. Perfect for investors looking for strong cash flow with upside. Both units offer spacious layouts with solid rental demand. Current rents are already performing: Upper Unit: $1,500/month (with $500 discount for tenant-provided upkeep/yard work - room to increase) Lower Unit: $2,000/month That's $3,500/month in current gross income, with the potential for higher rents and increased gross income once adjusted to market rates. The property also features a large basement, offering additional storage or future value-add potential. Tenant-occupied and operating - a seamless addition to any portfolio. Sold AS IS. Seller will make no repairs. Conveniently located near major streets, public transportation, and everyday amenities, ensuring long-term tenant appeal. Investor-focused opportunity - strong cash flow, upside in rents, and priced to move. This one won't last long. Submit your strongest offer.

Location

State IL

County Cook

Area Chi - Chatham

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 130 , 130, 130

Others

Ownership Fee Simple

Special Listing Condition None


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Midwest Real Estate Data (MRED) IDX
Listed by Cody Kindle of  Keller Williams ONEChicago 
NEARBY SCHOOL & BUSINESS
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Sara Macak

Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658

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8134 S Vernon AVE