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$390,000
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Property Description
CASH FLOW OPPORTUNITY - TURNKEY 2-UNIT IN Chatham This 6-bedroom, 4-bath two-unit building is a true income-producing asset with immediate returns. Perfect for investors looking for strong cash flow with upside. Both units offer spacious layouts with solid rental demand. Current rents are already performing: Upper Unit: $1,500/month (with $500 discount for tenant-provided upkeep/yard work - room to increase) Lower Unit: $2,000/month That's $3,500/month in current gross income, with the potential for higher rents and increased gross income once adjusted to market rates. The property also features a large basement, offering additional storage or future value-add potential. Tenant-occupied and operating - a seamless addition to any portfolio. Sold AS IS. Seller will make no repairs. Conveniently located near major streets, public transportation, and everyday amenities, ensuring long-term tenant appeal. Investor-focused opportunity - strong cash flow, upside in rents, and priced to move. This one won't last long. Submit your strongest offer.
Full Property Details
Full Property Details for 8134 S Vernon Ave
General
- Sold For: $390,000
- Taxes: $4,009 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12634610
- Added to Site: 175 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: Conveniently located in Chatham, just minutes from the Dan Ryan Expressway (I-90/I-94). Easy access via 79th Street with nearby public transportation, including the CTA Red Line.
School Information
- School District: 130
- Midd School District: 130
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 1923
- Tax Amount: $4,009
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20342160320000
Listed by Keller Williams ONEChicago
Sold by Realty of America, LLC
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Schools
Schools serving 8134 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
8134 S Vernon Avenue, Chicago, IL 60619 (MLS# 12634610) is a Multi-Family property that was sold at $390,000 on September 02, 2026. Want to learn more about 8134 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.

