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    8024 S Vernon Ave Chicago, IL 60619

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    For Sale
    $240,000

    Two-unit building in Chatham with recent updates and a two-car garage.

    Lot size:
    0.08 Acres

    Property Features for 8024 S Vernon Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1921

    Source: KW ONEChicago Agent Sandra Lee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chatham Brick Two-Flat with Garage

    This brick two-flat is located in Chatham and includes a brick two-car garage. The property features two large three-bedroom units. Each unit is equipped with separate furnace/HVAC systems, large living and dining rooms, and generously sized bedrooms. Recent updates to the building include a new back porch installed in 2019, updated electrical systems in 2019, copper plumbing, tuck pointing, windows, and roofing. The basement is clean and includes a bathroom, high ceilings, and egress in both the front and rear.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6139993
    Latitude
    41.7485241

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    FAQs

    What type of property is this?
    Duplex - Two-unit building in Chatham with recent updates and a two-car garage.
    Where is this duplex located?
    The property is located at 8024 S Vernon Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Two large 3-bedroom units offer immediate rental income potential or multi-generational living.; - Separate furnace/HVAC systems for each unit provide individual climate control and tenant management.; - Updated electrical (2019), copper plumbing, windows and roofing minimize immediate maintenance concerns.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8024 S Vernon Ave Chicago, IL 60619
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