$465,000
$460,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
11020 S Vernon Avenue Chicago, IL 60628
12 Beds
3,920 Sqft Lot
Key Details
Sold Price $465,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12077870
Sold Date 11/19/24
Bedrooms 12
Year Built 1920
Annual Tax Amount $2,475
Tax Year 2022
Lot Size 3,920 Sqft
Lot Dimensions 126X33
Property Sub-Type Two to Four Units
Property Description
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!
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Porch
View Y/N true
Building
Foundation Brick/Mortar, Concrete Perimeter
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Babajide Okechukwu • Century 21 Universal