6501 S Hermitage Avenue Chicago, IL ^$ 534,999

6501 S Hermitage Avenue

^$ 534,999

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6501 S Hermitage Avenue

Chicago, IL, 60636

^$ 534,999

Bedrooms-- Baths-- Sq 6,200

Monthly Estimate*

^$ 3,338

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Commercial Property for sale in Chicago, IL

for $534,999. This 6,200 square foot building was built in 1911 on a lot size of 0.127066.

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 space with a full bath with near market rents in all units except 1. 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.

Commercial Active

Price

^$ 534,999

Property Type

Commercial

Taxes

^$ 1,687

Style

Lot Size

0.127066

Year Built

1911

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12445921

Features

General

Cooling Window Unit(s)

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1911

Electric Circuit Breakers Separate Meters

Tenant Pays Electricity Heat

Stories Count 3

Township Hyde Park

Property Subtype Mixed Use

Tax Year 2023

Gross Income 99900

County Cook

Net Operating Income 69293

Operating Expense 10607

Insurance Expense 4320

Property Type Commercial Sale Mixed Use

Status Active

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

City Chicago

Number Of Units Total 6

MLS Area CHI - West Englewood

Lot Size Square Feet 5535

Tax Annual Amount 1687

Electric Expense 1300

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 3300

Additional Parcels Y/N N

Standard Status Active

Cap Rate 13

Exterior

Building Area Total 6200

Lot Dimensions .12

* Excluded Features

List By

Baird & Warner

Broker

brandy.bell@bairdwarner.com

Affordability Calculator

$3,478

Per Month

Monthly Principal & Interest: $3,338
Monthly Property Taxes: $141
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$1,040,274

Percent of Sale Price 94%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/8/2025	$534,999	0.00%	Price Down
8/14/2025	$535,000		Listed Price

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6501 S Hermitage Avenue, Chicago, IL, 60636 is a Commercial Property for sale at $534,999 with 6,200 sqft and a lot size of 0.127066. 6501 S Hermitage Avenue was built in 1911. The property's zip code is 60636 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/13/2025.

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6501 S Hermitage Avenue

Commercial Property for sale in Chicago, IL

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