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$319,999

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
  • Updated 6 days ago
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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.

Full Property Details for 4314 S Hermitage Ave

General

  • Price: $319,999
  • Taxes: $3,573 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12541608
  • Updated: 1/13/2026
  • Added to Site: 13 day(s) ago

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Upper - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2

Parking

  • Total Spaces: 2
  • Parking Features: Yes, Owned

Location

  • Area: CHI - New City
  • County: Cook
  • Township: South Chicago
  • Driving Directions: Exit I-55 at Ashland Ave. Go South on Ashland Ave. Turn right (east) onto W 43rd St. Turn left (south) onto S Hermitage Ave. 4314 S Hermitage Ave will be on your right.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Aluminum Siding
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Partially Finished, Exterior Entry, Full, Walk-Out Access
  • Year Built: 1903
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3100
  • Lot Features: Corner Lot

Financial Considerations

  • Assessment Year: 1903
  • Tax Amount: $3,573.12
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20064030270000

Listed by Realty of America, LLC

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— 4314 S Hermitage Ave —

  • Realty of America, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4314 S Hermitage Ave

School District:Chicago Public School District 299
NameGradesDistance
Seward Elementary Communication Arts Ac
4600 South Hermitage Avenue, Chicago, IL 60609
PK-80.4 mi
Richards Career Academy High School
5009 South Laflin Street, Chicago, IL 60609
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4314 S Hermitage Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Listed
$319,999
357.14%
MLS
6/15/1998
Sold
$70,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4314 S Hermitage Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,842
4%
$12,000
—
2022
$1,775
2%
$12,000
—
2021
$1,743
25%
$12,000
29%
2020
$1,391
-8%
$9,304
-15%
2019
$1,520
2%
$10,946
—
2018
$1,493
-46%
$10,946
-32%
2017
$2,766
1%
$16,141
—
2016
$2,751
10%
$16,141
—
2015
$2,495
3%
$16,141
4%
2014
$2,414
3%
$15,477
—
2013
$2,355
—
$15,477
—
2012
$2,348
—
$15,477
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4314 S Hermitage Avenue, Chicago, IL 60609 (MLS# 12541608) is a Multi-Family property with 4 units containing 2 bedrooms and 0 full bathrooms. 4314 S Hermitage Avenue is currently listed for $319,999 and was received on January 06, 2026. Want to learn more about 4314 S Hermitage Avenue? Do you have questions about finding other Multi-Family real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

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