5031 S Hermitage Avenue, Chicago, IL 60609 - Photo 1

1/1

$630,000

Sold
Closed
Commercial

1/1

Property Description

Welcome to this beautifully maintained six-unit property, a true turnkey investment opportunity! Five 2 bedroom and one 3 bedroom unit. Each unit has been thoughtfully updated and features quartz countertops, hardwood floors, and an abundance of natural sunlight throughout. Tenants enjoy the comfort and efficiency of separate utilities, including individual HVAC systems a rare and valuable feature that simplifies management and maximizes returns. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer ready to step into multifamily ownership, this property offers endless potential with zero hassle. Just move in and start earning, no updates needed! Don't miss out on this exceptional opportunity to own a low-maintenance, high-quality asset! THIS PROPERTY IS NOT FOR RENT - PLEASE BE WARE OF SCAMS. PROPERTY IS UNDER SURVELLIANCE.

Full Property Details

Full Property Details for 5031 S Hermitage Ave

General

Sold For: $630,000
Taxes: $3,255 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12473376
Added to Site: 156 day(s) ago

Location

Area: CHI - New City
County: Cook
Driving Directions: 51ST ST. TO SOUTH HERMITAGE AVENUE

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished
Stories/Levels: 3
Year Built: 1905
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 6
Units w/Range/Oven: 6

Lot Features

Lot Dimensions: 25 x 125
Zoning: MULTI

Financial Considerations

Operating Expenses: $16,705
Assessment Year: 1905
Tax Amount: $3,255
Tax Year: 2023
Tenant Pays: Electricity, Heat

Disclosures and Reports

Property ID: 20072280040000

Listed by TRP Realty LLC
Sold by Richland Properties and Homes

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— 5031 S Hermitage Ave —

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Schools

Schools serving 5031 S Hermitage Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Daley Elementary Academy 5024 South Wolcott Avenue, Chicago, IL 60609	PK-8	0.2 mi
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609	9-12	0.3 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 5031 S Hermitage Ave

Date

Details

Price

Change

Source

12/17/2025

Sold

$630,000

-5.26%

MLS

9/16/2025

Listed

$665,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Just Listed

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Commercial Lease
Active
Updated 2 days ago

Listed by Kaye Sotto Rice (224) 542-0554 and Paul Proano (312) 860-4043

5222 W 31st St, Cicero, IL 60804 - Photo 1

Just Listed

$380,000

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Multi-Family
Active
Updated 3 days ago

4
Total Beds

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Just Listed

$295,000

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Single Family
Active
Updated 2 days ago

4
Beds
3
Total Baths
1,479
Sq. Ft.

4904 W 31st St, Cicero, IL 60804 - Photo 1

Just Listed

$545,000

4904 W 31st St Cicero, IL 60804

Multi-Family
Active
Updated 10 hours ago

6
Total Beds

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Price Reduced

-$14,100 (-3.21%)

$424,900

1612 S 59th Ct Cicero, IL 60804

Multi-Family
Active
Updated 22 hours ago

4
Total Beds

3704 S 53rd Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$5,000 (-1.64%)

$299,000

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Single Family
Active
Updated 2 days ago

3
Beds
1
Total Bath
958
Sq. Ft.

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Price Reduced

-$250,000 (-10%)

$2,250,000

5000 W Cermak Road W Cicero, IL 60804

Business
Active
Updated 3 days ago

9,656
Sq. Ft.

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Price Reduced

-$100 (-0.05%)

$219,800

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Single Family
Active
Updated 14 hours ago

2
Beds
1
Total Bath
870
Sq. Ft.

1158 W Garfield Blvd, Chicago, IL 60609 - Photo 1

Sold

$650,000

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Lots/Land
Closed
Updated 4 days ago

0.72
Acres

1621 W 38th Pl, Chicago, IL 60609 - Photo 1

Sold

$580,000

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Multi-Family
Closed

6
Total Beds

3741 S Wolcott Ave, Chicago, IL 60609 - Photo 1

Sold

$573,000

3741 S Wolcott Ave Chicago, IL 60609

Single Family
Closed

5
Beds
3
Total Baths
2,600
Sq. Ft.

3702 S Wolcott Ave, Chicago, IL 60609 - Photo 1

Sold

$705,000

3702 S Wolcott Ave Chicago, IL 60609

Multi-Family
Closed

11
Total Beds

5031 S Hermitage Avenue, Chicago, IL 60609 (MLS# 12473376) is a Commercial property that was sold at $630,000 on December 17, 2025. Want to learn more about 5031 S Hermitage Avenue? Do you have questions about finding other Commercial 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.

5031 S Hermitage Ave Chicago, IL 60609