Date
Details
Price
Change
Source
2/09/2026
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/27
$1,295,000
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1/27
Property Description
ESTATE SALE - PROPERTY SOLD AS-IS. Unique value-add opportunity in the heart of Little Italy / University Village. Rare offering consisting of three separate buildings on one parcel, currently configured with seven total units (buyer to verify). The property requires extensive renovation, making it ideal for an investor or developer seeking a true repositioning opportunity. Outstanding long-term upside driven by irreplaceable location, strong rental demand, and proximity to UIC, downtown Chicago, and major transportation corridors. A compelling opportunity to re-imagine and unlock the full potential of this well-located asset. No warranties or representations are provided, as the seller has limited knowledge of the property.
Full Property Details
Full Property Details for 1123 W Vernon Park Pl
General
- Price: $1,295,000
- Taxes: $41,943 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12564591
- Updated: 2/15/2026
- Added to Site: 9 day(s) ago
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Take I-290 to the Racine Ave exit. Head south on Racine Ave, then turn east onto W Vernon Park Pl. Property is located at 1123 W Vernon Park Pl.
Heating & Cooling
- Heating Type: Radiators, Radiant
Structural Information
- Construction: Brick, Wood
- Exterior Const.: Brick, Wood
- Roof: Composition, Tar/Gravel
- Stories/Levels: 3
- Current Bldg. Use: Legal Non-Conforming, Multi-Family
- Year Built: 1889
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,200
- Lot Dimensions: 52 x 100
Financial Considerations
- Assessment Year: 1889
- Tax Amount: $41,943
- Tax Year: 2024
Disclosures and Reports
- Property ID: 17174100010000
Listed by Brookline Real Estate LLC
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Listing agent
— 1123 W Vernon Park Pl —
Brookline Real Estate LLC
NMLS#: 1598647
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Schools
Schools serving 1123 W Vernon Park Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Smyth J Elementary School 1059 West 13th Street, Chicago, IL 60608 | K-8 | 0.5 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1123 W Vernon Park Pl
Tax History
Tax History for 1123 W Vernon Park Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$41,703
3%
$196,976
—
2022
$40,653
2%
$196,976
—
2021
$39,740
67%
$196,976
85%
2020
$23,849
11%
$106,702
—
2019
$21,509
-6%
$106,702
-7%
2018
$22,782
-11%
$114,959
-3%
2017
$25,697
8%
$118,960
—
2016
$23,826
9%
$118,960
—
2015
$21,799
7%
$118,960
9%
2014
$20,282
2%
$109,314
—
2013
$19,881
1%
$109,314
—
2012
$19,616
—
$109,314
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1123 W Vernon Park Pl
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- Commercial Lease
- Active
- Updated 8 hours ago
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,500Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,398Sq. Ft.
- Single Family
- Active
- Updated 13 hours ago
- 3Beds
- 1Total Bath
- 958Sq. Ft.
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1123 W Vernon Park Place, Chicago, IL 60607 (MLS# 12564591) is a Commercial property. 1123 W Vernon Park Place is currently listed for $1,295,000 and was received on February 09, 2026. Want to learn more about 1123 W Vernon Park Place? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.