$1,049,000
NEW CONSTRUCTION

1016 N Hermitage Ave Unit 1 Chicago, IL 60622

East Village Neighborhood

Estimated payment $7,306/month

Total Views 91
4 Beds
2.5 Baths
2,500 Sq Ft
$420 Price per Sq Ft

Highlights

  • New Construction
  • Wood Flooring
  • Steam Shower
  • A.N. Pritzker School Rated A-
  • Bonus Room
  • 4-minute walk to Bertha Honoré Palmer Park

About This Home

Only one unit left! This large new construction duplex condo has 4 bedrooms, 2.5 baths with 10 feet ceiling heights. Lives like a single-family home, creating the perfect environment for entertaining and everyday living. 57" upper cabinets with LED cabinet lighting, quartz counter tops, Bosch 36" stove, 7 feet high Bosch fridge, Bosch dishwasher, micro drawer. Built-in gas fireplace, wet bar off the kitchen, solid core doors, luxury plumbing fixtures, Toto toilets, designer light fixtures. Spa like master bathroom offers dual vessel sinks, free standing tub, and a glass enclosed steam shower. Large laundry room, with side-by-side washer and dryer. Two outdoor spaces consisting of a large patio off the family room and the garage roof deck. Insulated with spray foam insulation. One garage parking space included in price. Located close to shopping, dining, taverns, expressways and parks. For buyers with vision, this is a unique opportunity to customize your home. Still time to choose floor stain, paint, light fixtures, plumbing fixtures, counter tops, and cabinet handles. The experienced developer is easy to work with and willing to guide throughout the process. Delivery end of July. Finished pictures are of past projects.

Last Listed By

Dave Patel

Epic Investment Company License #471011772 Listed on: 06/10/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,762

Year Built

  • Built in 2025 | New Construction

HOA Fees

  • $299 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Steam Shower
  • Separate Shower

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, snow removal
  • 3 Units
  • Association Phone (630) 886-6128

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,762

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$299 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 1
  • New Construction: Yes
  • Property Sub-Type: Condo
  • Year Built: 2025
  • Age: NEW Under Construction
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Wet Bar, Walk-In Closet(s), High Ceilings
  • LivingArea: 2500
  • Room Type: Bonus Room, Enclosed Porch
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 2500
  • Bathroom Amenities: Separate Shower,Steam Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2500
  • Fireplace Location: Family Room
  • Total Sq Ft: 2500
  • Main Level Sq Ft: 1250
  • Lower Level Sq Ft: 1250
  • Flooring: Other

Exterior Features

  • Construction Materials: Brick, Block
  • List Price: 1049000
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Detached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 299
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: Self Managed
  • Management Phone: 630-886-6128

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 250

Tax Info

  • Tax Year: 2023

Multi Family

  • Units in Building: 3

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,762 $70,000 $27,840 $42,160
2023 $13,337 $71,000 $22,400 $48,600
2022 $13,337 $71,000 $22,400 $48,600
2021 $13,608 $71,000 $22,400 $48,600
2020 $10,368 $49,643 $10,880 $38,763
2019 $10,152 $53,960 $10,880 $43,080
2018 $10,928 $58,755 $10,880 $47,875
2017 $7,639 $38,861 $9,600 $29,261
2016 $7,283 $38,861 $9,600 $29,261
2015 $6,640 $38,861 $9,600 $29,261
2014 $6,097 $35,427 $8,000 $27,427
2013 $5,965 $35,427 $8,000 $27,427
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $1,049,000 -- $420 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $750,000 Fidelity National Title
Warranty Deed $84,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,336,000 Construction
Previous Owner $100,000 New Conventional
Previous Owner $152,000 New Conventional
Previous Owner $40,000 Credit Line Revolving
Previous Owner $157,000 Unknown
Previous Owner $121,000 Unknown
Previous Owner $25,000 Unknown
Previous Owner $79,550 No Value Available
Source: Public Records

Similar Homes in Chicago, IL

  • 2303 N Bosworth Ave Unit PH, Chicago, IL 60614

    $1,249,000

    • 3 Beds
    • 2.5 Baths
    • 2,100 Sq Ft
    • 2303 N Bosworth Ave
    • Unit PH
    • Chicago, IL

    Rare opportunity to experience luxury living in this full floor penthouse condo in an all-brick boutique elevator building in Lincoln Park! This unit features top of the line custom finishes and 1200+SF of private outdoor space spanning across two wrap around terraces with panoramic city views! Step off the elevator directly into your 3 bedroom 2.5 bathroom home and you are welcomed into a lovely

    Jim Streff Berkshire Hathaway HomeServices Chicago

    Section Image
  • 1205 W Montana St Unit 1E, Chicago, IL 60614

    $1,200,000

    • 3 Beds
    • 2.5 Baths
    • 1205 W Montana St
    • Unit 1E
    • Chicago, IL

    Stunning and exceptional home in a boutique building set on a pretty tree-lined street, with on-trend finishes and highly upgraded! The extra wide footprint provides for a super floor plan, with gracious room sizes. As you enter the home, you have a coat closet and space for a side table and views through the floor to ceiling glass at the living and dining rooms. The living room overlooks the

    Debra Dobbs Compass

    Section Image
  • 30 W Erie St Unit 402, Chicago, IL 60654

    $1,150,000

    • 3 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • 30 W Erie St
    • Unit 402
    • Chicago, IL

    Expansive Half Floor Residence Featuring 3 Bedrooms + Office/Den and 2.5 Bathrooms with Two Outdoor Spaces Including Huge PRIVATE Terrace in a Boutique River North Building! This Expansive Condo Lives Like a Single Family Home and Boasts 10.5 Foot Ceilings, Gorgeous Millwork Throughout, Refinished Oak Hardwood Floors and Roughly 2,300 Square Feet of Indoor Living Space. Spacious, Open Living Room

    Lauren Shimmon Dream Town Real Estate

    Section Image
  • 6 N Michigan Ave Unit 903, Chicago, IL 60602

    $815,000

    • 3 Beds
    • 2.5 Baths
    • 1,979 Sq Ft
    • 6 N Michigan Ave
    • Unit 903
    • Chicago, IL

    Stunning unobstructed views of Millennium Park, the Lake and City Skyline in a luxury boutique building! Meticulously maintained 3 bed / 2.5 bath with preferred split floor plan and south-east corner unit. Spacious open floor plan perfect for entertaining. Kitchen features high-end appliances, marble countertops, plenty of storage, workspace and an expansive island open to the living/dining

    Ali Arciniega ALLURE Real Estate

    Section Image
  • 727 S Dearborn St Unit 311, Chicago, IL 60605

    $830,000

    • 3 Beds
    • 2 Baths
    • 2,822 Sq Ft
    • 727 S Dearborn St
    • Unit 311
    • Chicago, IL

    HUGE PRICE DROP ON THIS HUGE AMAZING LOFT. Windows overlook both Dearborn and Plymouth. It is rumored that Harry Weese, the overlooked modernist Chicago architect who became a driving force in preserving Printer's Row and developing the Donohue Building as the first industrial-to-residential conversion in this part of the city, took this sprawling space on the 3rd floor, spanning the entire depth

    Margie Smigel The Margie Smigel Group, LLC

    Section Image
  • 415 E North Water St Unit 1302, Chicago, IL 60611

    $875,000

    • 2 Beds
    • 2 Baths
    • 1,770 Sq Ft
    • 415 E North Water St
    • Unit 1302
    • Chicago, IL

    Welcome to luxury living at Riverview Condominiums! This expansive 1,770 sq ft, 2-bedroom, 2-bath residence offers a highly desirable split-bedroom layout for optimal privacy. From every room, take in stunning skyline views and tranquil sights of the Ogden Slip waterway. The spacious living and dining area features pristine hardwood floors, a cozy fireplace, and access to a large private

    Michael Maier Berkshire Hathaway HomeServices Chicago

    Section Image
  • 2800 N Lake Shore Dr Unit 3707-09, Chicago, IL 60657

    $1,000,000

    • 4 Beds
    • 3 Baths
    • 2,600 Sq Ft
    • 2800 N Lake Shore Dr
    • Unit 3707-09
    • Chicago, IL

    The ultimate, urban environment. A stunning oasis in the sky. A beautifully updated home that offers the most extraordinary views from the gracious multiple living spaces and each of the 4 bedrooms. Expansive views of Lake Michigan. Glorious sunrises and sunsets. A superb floor plan offering magnificent living and entertaining. A roomy kitchen. An amazing pantry. An even more amazing mudroom.

    Debra Dobbs Compass

    Section Image
  • 1211 S Prairie Ave Unit 2003, Chicago, IL 60605

    $777,500

    • 2 Beds
    • 2 Baths
    • 1,450 Sq Ft
    • 1211 S Prairie Ave
    • Unit 2003
    • Chicago, IL

    One Museum Park East, Premier Rarely Available Tier!! Sweeping forever Lake Michigan & skyline VIEWS ! Walk to Lake Michigan, Museum Campus, Sports, Parks, Restaurants, Nightlife ...! 2 Bedroom, 2 Bath + DEN + balcony ! Copius closet space (4 closets in master BR!) PRIME east and north views! STUNNING by day! CAPTIVATING by night ! Each and every room with a VIEW! Granite counters, hardwood

    Kristine Farra LUXURY LIVING INTERNATIONAL CHICAGO

    Section Image
  • 1600 S Prairie Ave Unit 1002, Chicago, IL 60616

    $785,000

    • 2 Beds
    • 2 Baths
    • 1,916 Sq Ft
    • 1600 S Prairie Ave
    • Unit 1002
    • Chicago, IL

    Stunning views in every room of this two bedroom, two bathroom Prairie Point condo in desirable South Loop location with thoughtful contemporary updates throughout. Spacious open concept layout filled with natural light upon entering. The formal living and dining area has an inviting gas fireplace with a stone surround, the perfect space for entertaining and taking in the beautiful cityscape and

    Nadine Ferrata Compass

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12389960

Midwest Real Estate Data (MRED)

APN: 17-06-417-023-0000