7348 S Vernon Avenue, Chicago IL 60619
$449,900

Request Private Showing

Property Description

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.

Features & Information

Key Details

  • List Price $449,900
  • Property Taxes $5,505
  • Year Built 1922
  • Status New
  • List Market Time 2

Units

  • Unit 1

  • Floor 1
  • Rooms 5
  • Beds 2
  • Baths 1
  • Appliances None
  • Rent $1,580/mo
  • Tenant Pays None
  • Lease Expires 0
  • Unit 2

  • Floor 1
  • Rooms 5
  • Beds 1
  • Baths 1
  • Appliances None
  • Rent $1,480/mo
  • Tenant Pays None
  • Lease Expires 0
  • Unit 3

  • Floor 2
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances None
  • Rent $1,580/mo
  • Tenant Pays None
  • Lease Expires 0
  • Unit 4

  • Floor 2
  • Rooms 4
  • Beds 1
  • Baths 1
  • Appliances None
  • Rent $1,480/mo
  • Tenant Pays None
  • Lease Expires 0

Exterior Features

  • Parking

  • # of Cars:  0

Building Information

  • Number of Units 4
  • Age of Building 100+ Years

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property King Dr. N/s To 73rd St, E To Vernon, S To Property;
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 5504.88
  • Tax Year 2024
  • Parcel Identification Number 20272160310000

Listed by Nicole Wheatly for EXIT Strategy Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 8/15/2026 2:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Park Manor

Park Manor is a south side Chicago neighborhood with well-kept single-family homes, plentiful schools, and easy transportation options. Cradled between two of the city's major highways and the Red Line branch of the “El” train system, residents in Park Manor have no trouble getting from point A to point B. Traveling within the neighborhood borders will reveal a love for hearty American restaurants that serve up all the comfort foods, from barbeque ribs to the traditional turkey club. Aside from getting a bite to eat, Park Manor residents have the benefit of a handful of retail developments and shops. The nightlife in Park Manor is rather lively, sporting several bars and lounges.

Mortgage Calculator

  • List Price${ formatCurrency(listPrice) }
  • Taxes${ formatCurrency(propertyTaxes) }
  • Assessments${ formatCurrency(assessments) }
  • List Price
  • Taxes
  • Assessments
${ formatCurrency(price) }
${ selectedInterestRate }%
${ downPaymentPercent }%

Estimated Monthly Payment

${ formatCurrency(monthlyTotal) } / month

  • Principal & Interest${ formatCurrency(monthlyPrincipal) }
  • Taxes${ formatCurrency(monthlyTaxes) }
  • Assessments${ formatCurrency(monthlyAssessments) }

All calculations are estimates for informational purposes only. Actual amounts may vary.

Share this Listing