29
See all 29 photos
$319,999
Est. payment /mo
2 Beds
1 Bath
New
4314 S Hermitage AVE Chicago, IL 60609
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12541608
Bedrooms 2
Year Built 1903
Annual Tax Amount $3,573
Tax Year 2024
Lot Dimensions 3100
Property Sub-Type Two to Four Units
Property Description
Solid 4-unit multifamily with 2 IN-LAW BASEMENTS opportunity located in the New City/Back of the yards neighborhood, offering strong upside and cash-flow potential after cosmetic improvements. Major updates already completed include a brand-new roof (2-3 years) and new 5/8" drywall throughout the property, providing a strong foundation for a value-add strategy. The heating system is fully functional, allowing investors to focus on increasing rents rather than major repairs. Conveniently located just one block from a park and 2 blocks away from a public school, supporting consistent rental demand. Ideal for investors looking to force appreciation, increase NOI, and maximize long-term returns. Property sold AS-IS. Buyer responsible for all due diligence. Fully occupied currently renting under market value. Increase rents for a higher cash-flow. Perfect investment for buy and hold investors or family looking to live and rent out the other units to get your mortgage paid. Dont miss out on this opportunity . Schedule your showing and start building your rental portfolio with this property.
Location
State IL
County Cook
Area Chi - New City
Rooms
Basement Partially Finished, Exterior Entry, Full, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Building
Lot Description Corner Lot
Dwelling Type Two to Four Units
Building Description Aluminum Siding, No
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by David Verdin of Realty of America, LLC