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$140,000 Contingent

  • For Sale
  • Contingent
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1,257 Sq. Ft.
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Opportunity knocks in the heart of the Chatham community! This classic Chicago brick bungalow is ready for transformation and offers the perfect canvas for seasoned investors or ambitious rehabbers looking to add serious equity. This property needs a full renovation; think new windows, cosmetic upgrades, and layout modernization, but the bones are solid and the potential is undeniable. With comparable renovated homes in the area selling between $260K-$320K, this project offers a strong ROI and a quick turnaround for the right buyer. Highlights: Brick construction with full basement and attic; ideal for expansion Newer Roof, Furnace, and water heater Quiet, tree-lined block surrounded by other renovated properties Easy access to expressways, shopping, and public transportation Perfect for flip, BRRRR, or long-term rental strategy Bring your contractors and your vision; this one's priced to move and won't last long.

Full Property Details for 8505 S Vernon Ave

General

  • Price: $140,000
  • Taxes: $2,954 (2023)
  • Status: Contingent
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12501351
  • Updated: 12/17/2025
  • Added to Site: 87 day(s) ago

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Baths: Yes

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 2
  • Parking Features: Yes

Location

  • Area: CHI - Chatham
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: Head east on 87th st. turn left on Vernon

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Square Feet: 1,257
  • Sq. Ft. Source: Assessor
  • Year Built: 1923
  • Built Before 1978: Yes

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 6920

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1923
  • Tax Amount: $2,954
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20344070020000

Listed by Keller Williams ONEChicago

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— 8505 S Vernon Ave —

  • Keller Williams ONEChicago

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 8505 S Vernon Ave

School District:Chicago Public School District 299
NameGradesDistance
Pirie Elementary Fine Arts & Academic C
650 East 85th Street, Chicago, IL 60619
K-60.2 mi
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
9-121.6 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 8505 S Vernon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/22/2025
Listed
$140,000
42.86%
MLS
10/15/2001
Sold
$98,000
—
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 8505 S Vernon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,954
3%
$14,000
—
2022
$2,880
2%
$14,000
—
2021
$2,815
-10%
$14,000
—
2020
$3,120
—
$14,004
-10%
2019
$3,126
2%
$15,561
—
2018
$3,074
1%
$15,561
10%
2017
$3,049
7%
$14,164
—
2016
$2,837
9%
$14,164
—
2015
$2,596
17%
$14,164
18%
2014
$2,223
2%
$11,983
—
2013
$2,179
1%
$11,983
—
2012
$2,150
—
$11,983
—
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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8505 S Vernon Avenue, Chicago, IL 60619 (MLS# 12501351) is a Single Family property with 4 bedrooms and 2 full bathrooms. 8505 S Vernon Avenue is currently listed for $140,000 and was received on October 22, 2025. Want to learn more about 8505 S Vernon Avenue? Do you have questions about finding other Single 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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