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$534,900 -$99 (-0.02%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 6,200 Sq. Ft.
  • Updated 2 hours ago
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This newly renovated (2021) 6 unit mixed use building has a very favorable unit mix featuring three 3 bed 2 bath units, two 2 bed 1 bath units and one commercial Studio with a full bath with near market rents. All residential units leased at market rates making this a stable addition to any investors portfolio. While there's some upside potential on income, this property is an easy armchair addition to your portfolio with positive cashflow and very little to no deferred maintenance. With one unit vacant - the property is easy to show as initial showings will be of the vacant unit and common areas. This property is eligible for several financing options for well qualified buyers - please inquire with listing agent if you're seeking a resource to fund this deal.

Full Property Details for 6501 S Hermitage Ave

General

  • Price: $534,900
  • Taxes: $1,687 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12445921
  • Updated: 2/22/2026
  • Added to Site: 193 day(s) ago

Additional Information

  • Security/Safety: Alarm on Site, Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)

Location

  • Area: CHI - West Englewood
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: Continue straight onto S Wentworth Ave Turn right onto W Marquette Rd Turn right onto S Hermitage Ave Destination will be on the right
  • Location Details: Chicago South

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 3
  • Square Feet: 6,200
  • # of Stores: 3
  • Year Built: 1911
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 5
  • Units w/Refrigerators: 5
  • Units w/Range/Oven: 5
  • # Dryers: 3

Lot Features

  • Lot Size (Sq. Ft.): 5,535
  • Lot Dimensions: .12
  • Zoning: MULTI

Financial Considerations

  • Lease Price: $15
  • Insurance Fee: $4,320
  • Operating Expenses: $10,607
  • Security Deposit: Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
  • Assessment Year: 1911
  • Tax Amount: $1,687
  • Tax Year: 2023
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 1300

Disclosures and Reports

  • Property ID: 20192210010000

Listed by Baird & Warner and Forward Realty

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Listing agents

— 6501 S Hermitage Ave —

  • Baird & Warner

  • Forward Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 6501 S Hermitage Ave

School District:Chicago Public School District 299
NameGradesDistance
Otoole Elementary School
6550 South Seeley Avenue, Chicago, IL 60636
PK-80.4 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 6501 S Hermitage Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/22/2026
Price Reduced
$534,900
-0.02%
MLS
12/07/2025
Price Reduced
$534,999
—
MLS
8/13/2025
Listed
$535,000
1683.33%
MLS
6/13/2014
Sold
$30,000
—
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 6501 S Hermitage Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,688
3%
$7,999
—
2022
$1,645
2%
$7,999
—
2021
$1,609
-39%
$7,999
-33%
2020
$2,656
-4%
$11,922
-13%
2019
$2,753
2%
$13,704
—
2018
$2,707
-38%
$13,704
-32%
2017
$4,333
7%
$20,129
—
2016
$4,032
9%
$20,129
—
2015
$3,689
11%
$20,129
12%
2014
$3,337
409%
$17,984
—
2013
$655
7%
$17,984
—
2012
$614
—
$17,984
—
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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NMLS#: 1598647

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Listed by Baird & Warner and Forward Realty

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6501 S Hermitage Avenue, Chicago, IL 60636 (MLS# 12445921) is a Commercial property. 6501 S Hermitage Avenue is currently listed for $534,900 and was received on August 13, 2025. Want to learn more about 6501 S Hermitage Avenue? Do you have questions about finding other Commercial real estate for sale in West Englewood? You can browse all West Englewood real estate or contact a Coldwell Banker agent to request more information.

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