NOT LISTED FOR SALE

5247 S Hermitage Ave Chicago, IL 60609

Back of the Yards Neighborhood
4 Beds
3 Baths
2,754 Sq Ft
1916 Built

Last Sold September 01, 2023

Last sale price $228,750 $83 Per Sq Ft

5 Days on Market

About This Home

As of September 2023

Located in the Back of the Yards neighborhood the South/West commercial corridor. The area is part of Chicago's citywide plan aimed at revitalizing two communities calling them, New City. Purchasing this brick three flat building that features three separate units - a 2 bed/1 bath 1st floor with a current mo.-to-mo. tenant; immediate occupancy upon closing. 1 bed/1 bath units on the 2nd and 3rd floors will be an opportunity to be apart of the community. An approved $58 million mixed-use development, United Yards; includes retail, health clinic, brew pub and affordable housing. The Back of the Yards College Preparatory High School was awarded $2.5 million grant from the Illinois State Board of Education. The Hatchery, a $34 million food and beverage incubator that is expected to create hundreds of jobs and attract new businesses. Additionally, the Back of the Yards Neighborhood Council is working to revitalize the area by promoting economic development and improving public safety. The building has new windows and a newer roof, but is in need of repair/ renovation. The attic has duplex potential. Property is being sold as is, giving potential buyers the chance to customize to their own specifications. Bring your contractor to realize the building's potential. As the Back of the Yards neighborhood continues to develop this Brick 3flat presents a unique investment opportunity. With it's prime location and potential for additional living space, this building can be an excellent investment opportunity. Don't miss your chance to be a part of the neighborhood and transform this property into your beautiful and profitable asset!

Last Agent to Sell the Property

Tiffany Gaji

Village Realty Inc License #471019509 Listed on: 06/14/2023

Village Realty Inc

Last Buyer's Agent

Francisco Diaz

Diaz Homes Realty License #471011725

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,341

Year Built

  • Built in 1916

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x 125

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,341

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 230000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Parking Features: Off Alley, Off Street
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 1341.01
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $228,750 -0.5% $83 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $230,000 -- $84 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tiffany Gaji

    Seller's Agent in 2023

    Tiffany Gaji

    Village Realty Inc

    (312) 757-5039

    1 in this area

    18 Total Sales

    Tiffany Gaji
    Section Image

  • F

    Buyer's Agent in 2023

    Francisco Diaz

    Diaz Homes Realty

    (773) 593-7203

    2 in this area

    103 Total Sales

    Francisco Diaz
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11807903

Midwest Real Estate Data (MRED)

APN: 20074130190000

Illinois Cook County Chicago 60609 Back of the Yards

5247 S Hermitage Ave, Chicago, IL

This home is located at 5247 S Hermitage Ave, Chicago, IL 60609 since 14 June 2023. This property was built in 1916. 5247 S Hermitage Ave is a home located in Cook County with nearby schools including Fulton Elementary School.

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