Roseland Multifamily Investment
For Sale
Contact for pricing
Pending
11029 S Vernon Ave, Chicago, IL 60628
Six-unit building in Chicago's Roseland neighborhood with strong cash flow.
Property Size6,600 SF
Days on Market181
Property Features for 11029 S Vernon Ave
General Information
Standard status
Pending
Size
6,600 SF
Property subtype
Multifamily
Building Details
Units
6
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Noah Birk · License #IL 475.125864
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Jul 27 at 4:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
Located on Vernon Avenue in Chicago’s Roseland neighborhood, this six-unit building offers a multifamily investment opportunity. The property is positioned on a quiet residential street with convenient access to public transportation, providing residents access to Downtown Chicago and surrounding areas. Nearby retail corridors and neighborhood amenities support consistent rental demand in this established South Side submarket. The building consists of six two-bedroom, one-bathroom units, all featuring spacious layouts, ample natural light, and functional floorplans. The building offers classic Chicago architecture and has been maintained to support stable occupancy. The property presents an investor with the opportunity to acquire a positive cash-flowing multifamily asset.
Key Highlights
- High in‑place cap rate of 10.00% and cash return of 17.88% indicates strong positive cash flow.
- Opportunity to increase rents to market levels, potentially achieving a pro forma cap rate of 12.70% and cash return of 28.63%.
- Six spacious two‑bedroom, one‑bathroom units attract long‑term tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit building in Chicago's Roseland neighborhood with strong cash flow.
Where is this apartment building located?
The property is located at 11029 S Vernon Ave Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High in‑place cap rate of 10.00% and cash return of 17.88% indicates strong positive cash flow.; Opportunity to increase rents to market levels, potentially achieving a pro forma cap rate of 12.70% and cash return of 28.63%.; Six spacious two‑bedroom, one‑bathroom units attract long‑term tenants.
