11031 S Vernon Ave - Multi-Family FOR SALE


Chicago, IL 60628- Roseland
$450,000 USD
773-293-5090
11031 S Vernon Ave, Chicago, IL for Sale
$450,000 USD
Multi-Family - FOR SALE
1/5
null | 10.01% Cap Rate

11031 S Vernon Ave
Chicago, IL 60628
Roseland


HIGHLIGHTS

  • Six (6) 2 Bed / 1 Bath Units
  • Spacious Floorplans with Separate Living & Dining Rooms
  • New Boiler Installed in 2025
  • Less than a Block from 111th (Pullman) Metra Station

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 11029 S. Vernon Avenue, a six (6) unit building located in Chicago’s Roseland neighborhood. The property is situated on a quiet residential street while remaining close to public transportation, providing residents with convenient access to Downtown Chicago and surrounding areas. Nearby retail corridors and neighborhood amenities support consistent rental demand in this established South Side submarket. 11029 S. Vernon Avenue consists of six (6) two-bedroom, one-bathroom units, all featuring spacious layouts, ample natural light, and functional floorplans attractive to long-term tenants. The building offers classic Chicago architecture and has been maintained to support stable occupancy. 11029 S. Vernon Avenue presents an investor with the opportunity to acquire a strong, positive cash-flowing multifamily asset with an in-place cap rate of 10.00% and a cash return of 17.88%. By increasing rents to levels already achieved within the surrounding market, an investor can realize a pro forma cap rate of 12.70% and a pro forma cash return of 28.63%.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

6

PRICE/UNIT

$75,000

CAP RATE

10.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11029 S Vernon

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RT-4

APN/PARCEL ID

25-15-412-024-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.