7001 S Vernon Avenue Chicago, IL ^$ 1,150,000

7001 S Vernon Avenue

^$ 1,150,000

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Recently Listed

7001 S Vernon Avenue

Chicago, IL, 60637

^$ 1,150,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 7,081

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Multi-Family Home for sale in Chicago, IL

for $1,150,000 with 3 bedrooms. This home was built in 1916 on a lot size of 0.18.

7001 S Vernon is a South Side Chicago multifamily asset positioned as a value-add rental opportunity. Very well-maintained brick building with many recent updates done, including new boiler; lintel and brick replacement; roof replacement/repairs and unit updates. The building has 13 existing apartment units, including one vacant garden unit, plus a 14th garden unit, subject to buyer verification of zoning, code, life safety, egress and permitting requirements. 2-car garage can be also rented. It is used for storage now.

Multi-Family Active

Price

^$ 1,150,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 13,777

Style

Lot Size

0.18

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12681072

Features

General

Zoning COMMR

Construction Materials Brick

Year Built 1916

Tenant Pays None

Stories Count 3

Township Hyde Park

Tax Year 2023

Gross Income 154740

County Cook

Net Operating Income 83337

Operating Expense 57626

Insurance Expense 9577

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3400

Status New

Directions 71ST TO VERNON NORTH TO ADD

City Chicago

Number Of Units Total 14

MLS Area CHI - Greater Grand Crossing

Tax Annual Amount 13777

Electric Expense 5218

Fuel Expense 17016

Trash Expense 2553

Water Sewer Expense 8513

Additional Parcels Y/N N

Standard Status Active

Exterior

Lot Dimensions 66X124

Lot Size Acres 0.18

* Excluded Features

List By

Ipm Realty, Inc.

Broker

stefan@ipmrealtyinc.com

Affordability Calculator

$8,229

Per Month

Monthly Principal & Interest: $7,081
Monthly Property Taxes: $1,148
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 ^$623,180

Percent of Sale Price 46%

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
6/19/2026	$1,150,000		Listed Price

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7001 S Vernon Avenue, Chicago, IL, 60637 is a Multi-Family Home for sale at $1,150,000 with a lot size of 0.18. 7001 S Vernon Avenue has 3 bedrooms, 0.0 baths, and was built in 1916. The property's zip code is 60637 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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Data is updated as of 6/20/2026.

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7001 S Vernon Avenue

Multi-Family Home for sale in Chicago, IL

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