7038 S Vernon Avenue, Chicago, IL 60637 - Photo 1

1/1

$260,000

Sold
Closed
Multi-Family
6 Total Beds

1/1

Property Description

Income-producing 2-flat in Greater Grand Crossing with both units currently occupied. The first unit features 3 bedrooms, and the second offers 2 bedrooms. There is a remodeled space on the second floor with potential for a third unit; buyer to verify zoning and assume all responsibility for any future use or improvements. Property includes separate utilities and an unfinished basement for added storage or value-add opportunity. Convenient location near public transit, parks, and schools. Being sold as-is-ideal for investors seeking immediate rental income with potential for growth.

Full Property Details

Full Property Details for 7038 S Vernon Ave

General

Sold For: $260,000
Taxes: $2,532 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12342775
Added to Site: 271 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 6

Location

Area: CHI - Greater Grand Crossing
County: Cook
Driving Directions: Take 71st street to Vernon, North to property

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Lake Michigan

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished, Partial
Roof: Flat
Year Built: 1908
Built Before 1978: Yes
Remodeled/Updated: 2019

Unit Information

Units in Building: 2

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 29 x 123

Financial Considerations

Assessment Year: 1908
Tax Amount: $2,532
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 20224190350000

Listed by Marblestone Property Group LLC
Sold by Premier Midwest Realty, INC

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— 7038 S Vernon Ave —

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Schools

Schools serving 7038 S Vernon Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Park Manor Elementary School 7037 South Rhodes Avenue, Chicago, IL 60637	PK-8	0.2 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 7038 S Vernon Ave

Date

Details

Price

Change

Source

11/19/2025

Sold

$260,000

4%

MLS

9/04/2025

Price Reduced

$250,000

-1.96%

MLS

7/16/2025

Price Reduced

$255,000

-3.77%

MLS

6/18/2025

Price Reduced

$265,000

-3.64%

MLS

5/31/2025

Price Reduced

$275,000

-1.79%

MLS

5/16/2025

Price Reduced

$280,000

-1.75%

MLS

4/20/2025

Listed

$285,000

—

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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7038 S Vernon Avenue, Chicago, IL 60637 (MLS# 12342775) is a Multi-Family property that was sold at $260,000 on November 19, 2025. Want to learn more about 7038 S Vernon Avenue? Do you have questions about finding other Multi-Family real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

7038 S Vernon Ave Chicago, IL 60637