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$400,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 2 Car Garage
  • Updated 2 days ago
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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 for 8134 S Vernon Ave

General

  • Price: $400,000
  • Taxes: $4,009 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12634610
  • Updated: 4/30/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 6

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Detached, Garage

Location

  • Area: CHI - Chatham
  • County: Cook
  • Township: Hyde Park
  • 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
  • Elem School District: 130
  • Midd School District: 130
  • High School District: 130

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: 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
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20342160320000

Listed by Keller Williams ONEChicago

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— 8134 S Vernon Ave —

  • Keller Williams ONEChicago

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 8134 S Vernon Ave

School District:Chicago Public School District 299
NameGradesDistance
Dixon Elementary School, Chicago, IL
8306 South Saint Lawrence Avenue, Chicago, IL 60619
7-80.3 mi
Harlan Community Academy High School
9652 South Michigan Avenue, Chicago, IL 60628
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8134 S Vernon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/30/2026
Listed
$400,000
545.16%
MLS
11/23/2015
Sold
$62,000
—
Public Record
Get Price Alerts and Save Property
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 for 8134 S Vernon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,009
3%
$19,000
—
2022
$3,908
2%
$19,000
—
2021
$3,821
3%
$19,000
14%
2020
$3,714
-2%
$16,671
-12%
2019
$3,806
2%
$18,945
—
2018
$3,742
-13%
$18,945
-5%
2017
$4,307
7%
$20,007
—
2016
$4,007
9%
$20,007
—
2015
$3,666
16%
$20,007
17%
2014
$3,174
2%
$17,105
—
2013
$3,111
503%
$17,105
—
2012
$516
—
$17,105
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Pamela Greer

8134 S Vernon Avenue, Chicago, IL 60619 (MLS# 12634610) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 8134 S Vernon Avenue is currently listed for $400,000 and was received on April 30, 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.

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