1123 W Vernon Park Place Chicago, IL ^$ 1,295,000

1123 W Vernon Park Place

^$ 1,295,000

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1123 W Vernon Park Place

Chicago, IL, 60607

^$ 1,295,000

Studio Baths0.0

Monthly Estimate*

^$ 7,974

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Studio

Multi-Family Home for sale in Chicago, IL

for $1,295,000. This home was built in 1889 on a lot size of 0.12.

ESTATE SALE - PROPERTY SOLD AS-IS. Unique value-add opportunity in the heart of Little Italy / University Village. Rare offering consisting of three separate buildings on one parcel, currently configured with seven total units (buyer to verify). The property requires extensive renovation, making it ideal for an investor or developer seeking a true repositioning opportunity. Outstanding long-term upside driven by irreplaceable location, strong rental demand, and proximity to UIC, downtown Chicago, and major transportation corridors. A compelling opportunity to re-imagine and unlock the full potential of this well-located asset. No warranties or representations are provided, as the seller has limited knowledge of the property.

Multi-Family Contingent

Price

^$ 1,295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 41,943

Style

Legal Non Conforming,Multi-Family

Lot Size

0.12

Year Built

1889

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12564591

Features

General

Possession Closing Immediate

Roof Composition Tar/Gravel

Construction Materials Brick Wood

Year Built 1889

Stories Count 3

Tax Year 2024

Current Use Legal Non Conforming Multi-Family

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 0

Status Contingent

Directions Take I-290 to the Racine Ave exit. Head south on Racine Ave then turn east onto W Vernon Park Pl. Property is located at 1123 W Vernon Park Pl.

City Chicago

Number Of Units Total 7

MLS Area CHI - Near West Side

Lot Size Square Feet 5200

Tax Annual Amount 41943

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active Under Contract

Exterior

Lot Dimensions 52 x 100

Lot Size Acres 0.12

* Excluded Features

List By

Brookline Real Estate Llc

Broker

WL@Brooklinellc.com

Affordability Calculator

$11,469

Per Month

Monthly Principal & Interest: $7,974
Monthly Property Taxes: $3,495
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$617,429

Percent of Sale Price 52%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/10/2026	$1,295,000		Listed Price

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1123 W Vernon Park Place, Chicago, IL, 60607 is a Multi-Family Home for sale at $1,295,000 with a lot size of 0.12. 1123 W Vernon Park Place is a studio with 0.0 baths and was built in 1889. The property's zip code is 60607 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/13/2026.

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1123 W Vernon Park Place

Multi-Family Home for sale in Chicago, IL

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