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8123 S Vernon Ave
Multi-Family
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$399,900

8123 S Vernon Ave, Chicago

66% below median
9 bd·6 ba·0 sqft
Built 1924Chatham

8123 S Vernon Ave, Chicago, IL

9 bd · 6 ba · 0 sqft Multi-Family listed at $399,900, built in 1924 in the Chatham neighborhood.

About this home

A true gem for investors and portfolio builders! This classic Chatham 6-unit building is full of charm, space, and long-term potential. Each unit features formal living and dining rooms, enclosed rear porches, and generous layouts that continue to attract long-term tenants. The property includes a 4-car brick garage, offering additional income potential or owner use. A newer gas boiler has already been installed, addressing a major mechanical upgrade. Significant recent improvements have been completed, including tuckpointing, select electrical updates, interior painting, and general repairs, enhancing both functionality and curb appeal. This is an Estate Sale and is being Sold As Is. Proof of funds required for all showings. Serious inquiries only.

Property details

Price
$399,900
Bedrooms
9
Bathrooms
6
Year built
1924
Type
Multi-Family
Days on market
82
Est. property tax
$8,318/yr · $693/mo · 2.08% IL avg

Estimated monthly payment

Down payment20% ($79,980)
Interest rate6.75%
Principal & Interest$2,075
Property Tax$367
Insurance$150
Total$2,592/mo

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Price history

$405K$375K$345K$350K on Aug 25 (Initial list)$350K on Aug 25 (Relisted)$400K on Feb 26 (Initial list)
$350K · Aug 25$400K · Feb 26
  1. Feb 2, 2026$399,900Initial list price
  2. Aug 28, 2025$350,000Relisted
  3. Aug 7, 2025$350,000Initial list price

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60619)

Median age is 41.3; 17% hold a bachelor's degree; 44% of homes are owner-occupied; median household income is $42,802.

Median income
$42,802
Median age
41.3
Owner-occupied
43.6%
Bachelor's degree
17.4%
Census median home value
$196,600

Source: US Census Bureau American Community Survey 5-year estimates.

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