Monarch Realty Partners Brokers $1.425M Sale of Apartment Building in Chicago’s Roseland Neighborhood

11238 S Vernon Avenue in Chicago, Illinois
11238 S Vernon Avenue consists entirely of 1 bedroom, 1 bathroom apartments with an average monthly rent of $1,050

Monarch Realty Partners, a leading Chicagoland multifamily brokerage, has recently negotiated the sale of 11238 S Vernon located in Chicago’s Roseland neighborhood.

Robert Berman, Daniel Shabsin, and Jeremy DeMarco exclusively marketed the turnkey asset on behalf of the local ownership group.

The 18-unit courtyard building underwent an extensive gut renovation in 2020 consisting of individual furnaces and hot water tanks, copper plumbing, new roof, new windows, and an onsite laundry facility.

Additionally, the asset is located blocks from the 111th St Metra station, national retailers such as Walmart and Planet Fitness, and the championship-quality Harborside International Golf Course.

The property sold for $1,425,000, which marks a price per door record in the submarket.