Previous buyer's financing fell through, creating a unique opportunity for you to step in and make this investment your own. Motivated Seller Alert! Walk into instant equity as property has appraised well above list price! This stunning blonde brick three-flat is a must-see for investors and owner-occupants alike. Each unit boasts four spacious bedrooms and a beautifully renovated bathroom, with hardwood floors and high ceilings throughout. With rents starting at $2,100 per unit, this property offers great income potential. The building has been completely rehabbed with City of Chicago-approved plans and permits, including a new roof, porch, siding and tuckpointing. The kitchens feature quartz countertops and stainless-steel appliances, while the bathrooms have been updated. Tenants will love the convenience of paying their own utilities, and the unfinished basement presents a great opportunity for additional storage or a potential fourth unit. With new mechanicals including a hot water tank, water supply lines, electrical panel, and heating system, this property is move-in ready and waiting for its new owner. Don't miss out on the chance to own this turnkey investment property - schedule your showing today! Come check out this income-producing beauty today!
Property Details
Property Features
Property Information:
Year Built: 1920
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (773) 451-1200
Listing Agent: Cierra Thurman
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Total Bedroom Count: 12
Exterior Features
Exterior Information:
Exterior: Porch
Parking Information:
Parking: Off Alley, Off Street, Alley Access
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Other
Directions Information:
Directions: 111th St to S Martin Luther King Dr North to 110th St East to Vernon South to building
Price Information
Listing Price Info
Price Summary:
List Price: $460,000
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $99.6K more than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12077870
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (773) 451-1200
Listing Agent: Cierra Thurman
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Earhart Options for Knowledge Elementary School
1710 E 93rd St
Distance between this listing and this school2.72 miles
Public District Grades KG-6
4
/10
Cics - Bond Campus
13300 S Langley Ave
Distance between this listing and this school2.83 miles
Public Charter Grades KG-6
8
/10
Cics - Loomis Primary Campus
9535 S Loomis St
Distance between this listing and this school2.92 miles
Public Charter Grades KG-2
Nearby Schools
4
/10
Pullman Elementary School
11311 S Forrestville Ave
Distance between this listing and this school0.41 miles
Public District Grades KG-8
6
/10
Cullen Elementary School
10650 S Eberhart Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-8
9
/10
Poe Elementary Classical School
10538 S Langley Ave
Distance between this listing and this school0.67 miles
Public District Grades KG-7
Nearby Schools
8
/10
Brooks College Preparatory Academy High School
250 E 111th St
Distance between this listing and this school0.17 miles
Public District Grades 7-12
1
/10
Corliss High School
821 E 103rd St
Distance between this listing and this school1.00 miles
Public District Grades 9-12
3
/10
Noble St Charter-Butler College Preparatory - Crimson
821 E 103rd St
Distance between this listing and this school1.02 miles
The neighbors living near this home have an average income of $28,015. The majority of Chicago, IL residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11020 S Vernon Ave
What is the listing price of this property?
The listing price of 11020 S Vernon Ave property is $460,000.
What type of property is this?
The property 11020 S Vernon Ave is a house located in Chicago, Illinois, 60628.
Is this property for sale now?
Accepting Backup Offers: 11020 S Vernon Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
How many bedrooms and bathrooms does this property have?
The property at 11020 S Vernon Ave has 12 bedrooms and 3 bathrooms.
Which year was this property built?
The year of construction for 11020 S Vernon Ave is 1920.
This home is located at 11020 S Vernon Ave in Chicago, IL and zip code 60628 in the Roseland neighborhood. This home, which was built in 1920, sits on a 0.09 acre lot. Features: 12 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $460,000.
Chicago, IL housing market in October 2024 saw over 539 listings sold above listed price, more than 337 sold at listed price and over 919 sold below. The inventory of homes for sale in Chicago, IL between September 2024 and October 2024 increased by 14.5%. In October 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $360,336.
From Rocket Homes Real Estate and based on county public records data.