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$315,000 Sale Pending
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Property Description
This is a unique opportunity to own a well-maintained 3-unit building in the historic Chatham community. Each spacious unit features 3 bedrooms and 2 bathrooms, offering ample living space and strong rental potential. Current tenants are on month-to-month leases, each paying $1,500 per month, with room to improve units and increase rents to market average for even greater returns. The property includes a 2-car garage and is priced to sell - ideal for both investors and owner-occupants seeking to build equity in a thriving neighborhood. Sold As-Is. There is tons of equity in the sale for the buyer; seller needs to sell quickly.
Full Property Details
Full Property Details for 8126 S Vernon Ave
General
- Price: $315,000
- Taxes: $5,275 (2023)
- Status: Pending
- Type: Multi-Family
- Source: MRED
- MLS ID: 12491587
- Updated: 1/6/2026
- Added to Site: 101 day(s) ago
Rental Information
- Complex Features: Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 6
- Upper - Full Baths: 6
Bedrooms
- Total Bedrooms: 9
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: East on 81st South on Vernon
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 125 x 25
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1926
- Tax Amount: $5,275
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Real Estate Owned
- Property ID: 20342160300000
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Schools
Schools serving 8126 S Vernon Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dixon Elementary School, Chicago, IL 8306 South Saint Lawrence Avenue, Chicago, IL 60619 | 7-8 | 0.3 mi |
Harlan Community Academy High School 9652 South Michigan Avenue, Chicago, IL 60628 | 9-12 | 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 8126 S Vernon Ave
Date
Details
Price
Change
Source
10/08/2025
Listed
$315,000
12.5%
MLS
1/04/2019
Sold
$280,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8126 S Vernon Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,275
3%
$25,000
—
2022
$5,142
2%
$25,000
—
2021
$5,027
21%
$25,000
34%
2020
$4,160
-2%
$18,675
-12%
2019
$4,264
2%
$21,222
—
2018
$4,192
-14%
$21,222
-7%
2017
$4,894
7%
$22,736
—
2016
$4,554
9%
$22,736
—
2015
$4,166
8%
$22,736
10%
2014
$3,842
2%
$20,707
—
2013
$3,766
1%
$20,707
—
2012
$3,716
—
$20,707
—
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 8126 S Vernon Ave
8126 S Vernon Avenue, Chicago, IL 60619 (MLS# 12491587) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 8126 S Vernon Avenue is currently listed for $315,000 and was received on October 08, 2025. Want to learn more about 8126 S Vernon Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

