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5319 S Ellis Avenue, Chicago, IL 60615
$592,500
5319 S Ellis Avenue, Chicago, IL 60615View this property at 5319 S Ellis Avenue, Chicago, IL 60615
5319 S Ellis AvenueChicagoIL60615
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Property Description
Attention investors and house hackers!!! Welcome to 5319 S. Ellis Ave., a remarkable multi-family building in the heart of Hyde Park. This elegant brick walk- up exudes timeless charm, showcasing classic historic Chicago architecture while boasting excellent income. The property has two spacious 3-bedroom | 2-bathroom units and a bonus non-conforming garden unit with 2 bedrooms and 1 bathroom. Meticulously cared for, this building has undergone regular maintenance and updates since its 2009 renovation. Each apartment offers an irresistible blend of desirable features, including open floor plans, generous square footage, ample bedroom space, and abundant natural light. The units have been thoughtfully enhanced with updated kitchens and the convenience of in-unit laundry. Owner expenses are minimized through individual and separate utilities. 5319 S. Ellis Avenue presents a remarkable investment opportunity for those seeking to acquire a property in the highly sought-after Hyde Park neighborhood, one of Chicago's most dynamic and rapidly developing areas. With this investment, a new owner can capitalize on the potential to add value without incurring the substantial costs associated with a full-scale construction renovation. By adjusting rental rates to match those already achieved within the building, the incoming owner can further enhance its income potential. Live in one unit and let the rest of the building pay your mortgage or add to your portfolio for a long term hold. This unique offering allows for the acquisition of a stable investment with upside in an excellent location, ensuring a solid cash-on- cash return for years to come.
Full Property Details
Full Property Details for 5319 S Ellis Ave
General
- Sold For: $592,500
- Taxes: $10,658 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11821387
- Added to Site: 325 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Number of Cars: 2
- Parking Type: Garage
Location
- Area: CHI - Hyde Park
- County: Cook
- Driving Directions: South on 41st, East 47th, South on Woodlawn, East on 53rd St, South on Ellis to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Forced Air, Individual Controls
Utilities
- Water: Lake Michigan, Public
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Full
- Year Built: 1912
- Built Before 1978: Yes
- Remodeled/Updated: 2009
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 164
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1912
- Tax Amount: $10,658
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20113170040000
Listed by Triton Realty Group LLC
Sold by Baird & Warner
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Schools
Schools serving 5319 S Ellis Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
936 E 54th St, Chicago, IL 60615 | PK-8 | 0.1 mi | |
5015 S Blackstone Ave, Chicago, IL 60615 | 9-12 | 0.7 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 5319 S Ellis Ave
Date
Details
Price
Change
Source
11/15/2023
Sold
$592,500
-0.42%
MLS
9/21/2023
Price Reduced
$595,000
-25.53%
MLS
6/30/2023
Listed
$799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5319 S Ellis Avenue, Chicago, IL 60615 (MLS# 11821387) is a Multi-Family property that was sold at $592,500 on November 15, 2023. Want to learn more about 5319 S Ellis Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hyde Park? You can browse all Hyde Park real estate or contact a Coldwell Banker agent to request more information.