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$395,000
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Property Description
Exceptional opportunity to own a solid four-unit building in the heart of Chicago's vibrant Back of the Yards neighborhood. Whether you're an investor seeking strong income potential or an owner-occupant looking to live in one unit while the other three help pay your mortgage, this property offers incredible value and long-term upside. Each of the four units features two bedrooms, one full bathroom, comfortable living areas, and layouts designed for everyday living. Additional highlights include a walk-up attic with a washer and dryer, a two-car garage, and excellent storage space. Ideally located at 4318 S. Hermitage Ave., this property is just minutes from Downtown Chicago with easy access to I-90/94, I-55, CTA bus routes, and the Orange Line. Enjoy being close to UIC, Pilsen, Chinatown, Guaranteed Rate Field, McKinley Park, schools, shopping, restaurants, and countless neighborhood amenities. This is a rare opportunity to own a versatile, income-producing property in a location with strong rental demand and continued growth. Whether you're expanding your investment portfolio or purchasing your first multifamily property, this one checks all the boxes. Don't miss your chance to secure this outstanding investment-schedule your private showing today!
Full Property Details
Full Property Details for 4318 S Hermitage Ave
General
- Price: $395,000
- Taxes: $2,749 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12708428
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: Left from W Pershing Rd on S Ashland Ave
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 Desc.: None
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Less than .25 Acre
- Zoning: MULTI
Financial Considerations
- Tax Amount: $2,749.44
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20064030290000
Listed by ExaRealty LLC
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Schools
Schools serving 4318 S Hermitage Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Seward Elementary Communication Arts Ac 4600 South Hermitage Avenue, Chicago, IL 60609 | PK-8 | 0.4 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 4318 S Hermitage Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,015
—
$20,000
111%
2023
$2,015
3%
$9,500
—
2022
$1,965
3%
$9,500
—
2021
$1,910
-21%
$9,500
-12%
2020
$2,420
-6%
$10,795
-15%
2019
$2,568
2%
$12,700
—
2018
$2,525
-18%
$12,700
-28%
2017
$3,065
1%
$17,519
—
2016
$3,028
10%
$17,519
—
2015
$2,749
22%
$17,519
20%
2014
$2,248
3%
$14,593
—
2013
$2,193
—
$14,593
—
2012
$2,189
—
$14,593
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4318 S Hermitage Ave
4318 S Hermitage Avenue, Chicago, IL 60609 (MLS# 12708428) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 4318 S Hermitage Avenue is currently listed for $395,000 and was received on July 20, 2026. Want to learn more about 4318 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.

