1123 W Vernon Park Place, Chicago, IL 60607 - Photo 1

1/1

$1,445,000

Sold
Closed
Commercial

1/1

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

Sold For: $1,445,000
Taxes: $41,943 (2024)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12564591

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 and Sold by Brookline Real Estate LLC

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— 1123 W Vernon Park Pl —

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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

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1123 W Vernon Park Place, Chicago, IL 60607 (MLS# 12564591) is a Commercial property that was sold at $1,445,000 on April 30, 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.

1123 W Vernon Park Pl Chicago, IL 60607