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8126 S Vernon Ave
Pending
Multi-Family
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$315,000

8126 S Vernon Ave, Chicago

73% below median
9 bd·6 ba·0 sqft
Built 1926Chatham

8126 S Vernon Ave, Chicago, IL

9 bd · 6 ba · 0 sqft Multi-Family listed at $315,000, built in 1926 in the Chatham neighborhood.

About this home

This is a unique opportunity to own a well-maintained 3-unit building in the historic Chatham community. Each spacious unit features 3 bedrooms and 2 bathrooms, offering ample living space and strong rental potential. Current tenants are on month-to-month leases, each paying $1,500 per month, with room to improve units and increase rents to market average for even greater returns. The property includes a 2-car garage and is priced to sell - ideal for both investors and owner-occupants seeking to build equity in a thriving neighborhood. Sold As-Is. There is tons of equity in the sale for the buyer; seller needs to sell quickly.

Property details

Price
$315,000
Bedrooms
9
Bathrooms
6
Year built
1926
Type
Multi-Family
Days on market
199
Est. property tax
$6,552/yr · $546/mo · 2.08% IL avg
Last sold
$280,000 · Jan 2019

Estimated monthly payment

Down payment20% ($63,000)
Interest rate6.75%
Principal & Interest$1,634
Property Tax$289
Insurance$150
Total$2,073/mo

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Price history

$362K$165K$-32K$100K on Jul 86 (Sold)$265K on Aug 02 (Sold)$329K on Aug 03 (Sold)$1K on Feb 14 (Price change)$1K on Jun 14 (Price change)$275K on Oct 18 (Initial list)$280K on Jan 19 (Sold)$315K on Oct 25 (Initial list)$315K on Jan 26 (Relisted)
$100K · Jul 86$315K · Jan 26
  1. Jan 6, 2026$315,000Relisted
  2. Oct 9, 2025$315,000Initial list price
  3. Jan 4, 2019$280,000Sold
  4. Oct 13, 2018$275,000Initial list price
  5. Jun 1, 2014$1,050Price change
  6. Feb 4, 2014$1,200Price change
  7. Aug 28, 2003$329,000Sold
  8. Aug 21, 2002$265,000Sold
  9. Jul 24, 1986$100,000Sold

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.

Location

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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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