$449,900
OPEN SAT 12PM - 1:30PM PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $2,931/month

Total Views 109
6 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Porch
  • Soaking Tub
  • Heating System Uses Steam

About This Home

Exceptional 4-Unit Investment Opportunity in Park Manor! Welcome to 7348 S. Vernon Avenue, a spacious all-brick multifamily property offering an outstanding opportunity for investors looking to expand their Chicago real estate portfolio. This well-maintained building features four residential units with a total of 6 bedrooms and 4 full bathrooms, plus a full basement offering additional storage and future possibilities. The property underwent significant improvements, including an updated boiler, electrical wiring, plumbing, kitchens, bathrooms, appliances, beautifully refinished hardwood flooring, and improvements to the enclosed porch area. Throughout the building, you'll find generously sized living spaces, hardwood floors, and beautiful original woodwork that preserves the character and craftsmanship of this classic Chicago property. Situated on a residential block in the desirable Park Manor community, the property offers convenient access to public transportation, neighborhood amenities, and major expressways, including I-90/I-94.The landlord currently pays gas and electric for the building/tenants, except Unit 1F pays its own electric. Whether you're an experienced investor or looking to add your next multifamily property to your portfolio, 7348 S. Vernon offers space, character, location, and income-producing potential all under one roof. Opportunities to acquire a four-unit brick building like this don't come along every day-schedule your private showing and discover the possibilities! The RENT ROLL is in the Document Section.

Listing Agent

Nicole Wheatly

EXIT Strategy Realty Brokerage Email: stepsincconsulting@gmail.com License #475179365 Listed on: 08/11/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,505

Year Built

  • Built in 1922 | Remodeled in 2020

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Lot Dimensions are 25x125

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,505

Year Built

Built in 1922 | Remodeled in 2020

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: stepsincconsulting@gmail.com
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Rubber, Flat
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan, Public

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: None

Tax Info

  • Tax Annual Amount: 5504.88
  • Tax Year: 2024

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,853 $27,400 $3,906 $23,494
2024 $4,853 $27,400 $3,906 $23,494
2023 $4,731 $23,000 $5,425 $17,575
2022 $4,731 $23,000 $5,425 $17,575
2021 $4,625 $23,000 $5,425 $17,575
2020 $3,985 $17,887 $5,425 $12,462
2019 $4,084 $20,327 $5,425 $14,902
2018 $4,015 $20,327 $5,425 $14,902
2017 $5,056 $23,487 $4,774 $18,713
2016 $4,704 $23,487 $4,774 $18,713
2015 $4,304 $23,487 $4,774 $18,713
2014 $4,205 $22,664 $3,906 $18,758
2013 $4,122 $22,664 $3,906 $18,758
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2026 08/11/26 For Sale $449,900 +28.5% --
10/15/2020 10/15/20 Sold $350,000 -4.1% -- View Prior Sale
07/21/2020 07/21/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $365,000 0.0% --
02/10/2020 02/10/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $365,000 +221.6% --
08/29/2018 08/29/18 Sold $113,500 -12.6% -- View Prior Sale
08/23/2018 08/23/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $129,900 0.0% --
06/28/2018 06/28/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $129,900 0.0% --
06/13/2018 06/13/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $129,900 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $350,000 Chicago Title
Special Warranty Deed $113,500 Attorneys Title Guaranty Fun
Quit Claim Deed -- Attorney
Sheriffs Deed -- Attorney
Interfamily Deed Transfer -- Placer Title
Warranty Deed $325,000 First American Title Ins Co
Warranty Deed $230,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $5,052 FHA
Open $24,324 FHA
Closed $4,990 FHA
Closed $23,670 FHA
Open $343,660 FHA
Previous Owner $341,800 Commercial
Previous Owner $335,700 Commercial
Previous Owner $172,500 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12730101

Midwest Real Estate Data (MRED)
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