lot: 5227 sq ft lot
Commercial: Multi Family 5+ - MLS# 12564591
Tools & Resources:
Description
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.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60607
- Year Built: 1889
- Stories: 3
- Units: 7 units
- Lot Size: 5227 sq ft lot
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick, Wood
- 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.
- Heat/Ventilation: Radiators, Radiant
- Information: List Broker Must Accompany, Limited Seller Discl, Sellers Discl Not Av
- Lot Size Square Feet: 5200
- Main Type: Commercial Sale
- Roof: Composition, Tar/Gravel
- Tax Annual Amount: 41943
- Tax Year: 2024
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