ClosedPrice Reduced

$460,000

$515,000
11020 Vernon Avenue, Chicago, IL 60628
12 Beds3 Baths124 days
11020 Vernon Avenue·Chicago, IL 60628
12Bedrooms
3Bathrooms
1920Year Built
About This Home

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!

MLS# 12077870Listed June 12, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms12
Total Bathrooms3
Total Rooms21

Size & Structure

Year Built1920
Lot Size0.090 acres

Location

CountyCook
TownshipSouth Chicago
Zip Code60628

Financial

List Price$460,000
Original Price$515,000
Annual Taxes (2022)$2,475
Monthly Tax Est.$206
Parcel #25154140150000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick

Foundation

Brick/MortarConcrete Perimeter

Patio & Porch

Porch
Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Lake Michigan

Parking

Off AlleyOff StreetAlley AccessOn SiteOwned
Tax & Financial
Annual Taxes
$2,475
Tax Year 2022
Monthly Tax Est.
$206
per month
Price Reduced by $55,000
Original list price: $515,000
Property Location

11020 Vernon Avenue, Chicago, IL 60628Cook County

$460,000
11020 Vernon Avenue
12 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
124 days on market
0.090 acres
$2,475/yr taxes
Price reduced $55,000
$2,624
estimated monthly payment
Principal & Interest
$2,417/mo
Property Tax
$206/mo
$460,000
20% — $92,000
3%50%
6.875%
3%12%
Loan Amount
$368,000
Down Payment
$92,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Coldwell Banker Realty
Agent: Cierra Thurman
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