4314 S Hermitage Avenue Chicago, IL $ 319,999
4314 S Hermitage Avenue
$ 319,999
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4314 S Hermitage Avenue

Chicago, IL, 60609
$ 319,999
Bedrooms2 Baths1.0

Monthly Estimate*

$ 1,970

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Multi-Family Home for sale in Chicago, IL

for $319,999 with 2 bedrooms and 1 full bath. This home was built in 1903.

Solid 4-unit multifamily with 2 IN-LAW BASEMENTS opportunity located in the New City/Back of the yards neighborhood, offering strong upside and cash-flow potential after cosmetic improvements. Major updates already completed include a brand-new roof (2-3 years) and new 5/8" drywall throughout the property, providing a strong foundation for a value-add strategy. The heating system is fully functional, allowing investors to focus on increasing rents rather than major repairs. Conveniently located just one block from a park and 2 blocks away from a public school, supporting consistent rental demand. Ideal for investors looking to force appreciation, increase NOI, and maximize long-term returns. Property sold AS-IS. Buyer responsible for all due diligence. Fully occupied currently renting under market value. Increase rents for a higher cash-flow. Perfect investment for buy and hold investors or family looking to live and rent out the other units to get your mortgage paid. Dont miss out on this opportunity . Schedule your showing and start building your rental portfolio with this property.

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Multi-Family Active

Price

$ 319,999

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 3,573

Style

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12541608

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing Negotiable
Construction Materials Aluminum Siding
Year Built 1903
Township South Chicago
Tax Year 2024
Ownership Fee Simple
Gross Income 2330
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 4
Status Active
Directions Exit I-55 at Ashland Ave. Go South on Ashland Ave. Turn right (east) onto W 43rd St. Turn left (south) onto S Hermitage Ave. 4314 S Hermitage Ave will be on your right.
City Chicago
High School District 299
MLS Area CHI - New City
Tax Annual Amount 3573.12
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished Exterior Entry Full Walk-Out Access
Total Bedrooms 2
Total Baths 1
Bedrooms Possible 2
Full Baths Building 1
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Yes Owned
Lot Features Corner Lot
Water Source Public
Total Parking 2
Lot Dimensions 3100
Waterfront Y/N N
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* Excluded Features
List By
Realty Of America, Llc

Broker

david.verdin@realtyofamerica.com;david.verdin@realtyofamerica.com

Email

Affordability Calculator

$2,268
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$298
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/7/2026$319,999 Listed Price

Map


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4314 S Hermitage Avenue, Chicago, IL, 60609 is a Multi-Family Home for sale at $319,999. 4314 S Hermitage Avenue has 2 bedrooms, 1.0 baths, and was built in 1903. The property's zip code is 60609 which is in Chicago, IL