11029 S Vernon Ave Chicago, IL 60628
Six-unit building in Chicago's Roseland neighborhood with strong cash flow.
Type:Multifamily
Property size:
6,600 SF- Added:
- Feb 23, 2026
- Days on Market:
- 37
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 11029 S Vernon Ave
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- Multifamily
Listing agent Noah Birk License #IL 475.125864
Listing office Kiser Group
Listing date Feb 23, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Overview
Roseland Multifamily Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6118825
- Latitude
- 41.6936781
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FAQs
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.
