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5247 S Hermitage Avenue, Chicago, IL 60609
$228,750
5247 S Hermitage Avenue, Chicago, IL 60609View this property at 5247 S Hermitage Avenue, Chicago, IL 60609
5247 S Hermitage AvenueChicagoIL60609
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Property Description
Located in the Back of the Yards neighborhood the South/West commercial corridor. The area is part of Chicago's citywide plan aimed at revitalizing two communities calling them, New City. Purchasing this brick three flat building that features three separate units - a 2 bed/1 bath 1st floor with a current mo.-to-mo. tenant; immediate occupancy upon closing. 1 bed/1 bath units on the 2nd and 3rd floors will be an opportunity to be apart of the community. An approved $58 million mixed-use development, United Yards; includes retail, health clinic, brew pub and affordable housing. The Back of the Yards College Preparatory High School was awarded $2.5 million grant from the Illinois State Board of Education. The Hatchery, a $34 million food and beverage incubator that is expected to create hundreds of jobs and attract new businesses. Additionally, the Back of the Yards Neighborhood Council is working to revitalize the area by promoting economic development and improving public safety. The building has new windows and a newer roof, but is in need of repair/ renovation. The attic has duplex potential. Property is being sold as is, giving potential buyers the chance to customize to their own specifications. Bring your contractor to realize the building's potential. As the Back of the Yards neighborhood continues to develop this Brick 3flat presents a unique investment opportunity. With it's prime location and potential for additional living space, this building can be an excellent investment opportunity. Don't miss your chance to be a part of the neighborhood and transform this property into your beautiful and profitable asset!
Full Property Details
Full Property Details for 5247 S Hermitage Ave
General
- Sold For: $228,750
- Taxes: $1,341 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11807903
- Added to Site: 322 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Number of Cars: 2
- Total Spaces: 2
- Parking Features: Off-Alley, Off-Street
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: North 47th Street, East Ashland Ave., South 55th Street, West Western Ave.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Electric
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Vinyl Siding, Brick
- Basement Desc.: Full
- Year Built: 1916
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1916
- Tax Amount: $1,341.01
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20074130190000
Listed by Village Realty, Inc.
Sold by Diaz Homes Realty
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Schools
Schools serving 5247 S Hermitage Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5300 S Hermitage Ave, Chicago, IL 60609 | PK-8 | 0.1 mi | |
Tilden Achievement Academy High School
4747 S Union Ave, Chicago, IL 60609 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5247 S Hermitage Ave
Date
Details
Price
Change
Source
9/01/2023
Sold
$231,750
0.76%
MLS
6/14/2023
Listed
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5247 S Hermitage Avenue, Chicago, IL 60609 (MLS# 11807903) is a Multi-Family property that was sold at $228,750 on September 01, 2023. Want to learn more about 5247 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.