11133 S Vernon AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60628
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12150083
Year Built 1920
Annual Tax Amount $3,094
Tax Year 2022
Lot Dimensions 46X200
Property Sub-Type Multi Family 5+
Property Description
Multiple Offers Received. Highest and Best due Monday at 5PM. Please attach POF with offers. Final showing Monday 10AM-11AM. Incredible Investment Opportunity Near Historic Pullman! Located just steps from the vibrant and revitalized Pullman Historic District, this all-brick 6-unit + garden studio building is a rare find for savvy investors. All units are currently vacant, offering a clean slate for rehab and maximum rental income potential. Each of the six main units features 3 spacious bedrooms, central forced air heating and A/C, electrical breaker panels in each unit, newer windows and a generous layout. The landlord is only responsible for water, keeping ongoing expenses low. Property taxes are also attractively low, enhancing your return on investment. Tuckpointing completed about 5 years ago. The building sustained minor fire damage on the third-floor north unit, primarily affecting drywall and carpentry in the three northern units. The southern units require only minor copper plumbing repairs and are otherwise rent-ready - making it possible to phase renovations while generating income. Excellent location close to CTA and Metra stations, Palmer Park, shopping, and schools. The Pullman area continues to attract new development, including national retailers and historic tourism, creating long-term upside in property value and tenant demand. Don't miss this value-add gem in one of Chicago's most culturally rich and strategically positioned neighborhoods!
Location
State IL
County Cook
Area Chi - Roseland
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick