5419 S Hermitage Ave Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $1,776/month
Highlights
- Contemporary Architecture
- Lower Floor Utility Room
- Fenced
About This Home
Exceptional Investment Opportunity! Welcome to 5419 S Hermitage Avenue - a solid, income-generating two-flat with tremendous upside potential. Built in 1918 and brimming with classic Chicago character, this approximately 3,000 sq. ft. multi-family property sits on a 3,750 sq. ft. lot and delivers both immediate cash flow and long-term value. The main structure features two well-appointed residential units, each offering 3 bedrooms and 1 bathroom. A third unfinished unit presents a rare value-add opportunity: bring your vision and unlock additional rental revenue or create a private owner's suite below grade. Area residents enjoy a commuter-friendly lifestyle with the Orange Line just 5 minutes away and easy access to Ashland and Halsted corridors for north-south travel throughout the city. The flat terrain and dedicated bike lanes make cycling a breeze, while multiple shopping centers, parks - including Gage Park, Ogden Park, and McKinley Park - and restaurants are all within easy reach. Lake Michigan is just 5 miles away, and Chicago Midway International Airport is a quick 4.7-mile drive. Rear parking with private driveway Proven rental market in a neighborhood on the rise Minutes to public transit, major expressways, and the University of Chicago Whether you're a first-time investor, a seasoned landlord, or a savvy house-hacker, 5419 S Hermitage Ave offers the flexibility, space, and upside to make it work for you.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,141
Year Built
- Built in 1918 | Remodeled in 2023
Lot Details
- Lot Dimensions are 25x125
- Fenced
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Lower Floor Utility Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,977 | $20,610 | $1,125 | $19,485 |
| 2024 | $1,977 | $20,610 | $1,125 | $19,485 |
| 2023 | $1,927 | $9,370 | $2,438 | $6,932 |
| 2022 | $1,927 | $9,370 | $2,438 | $6,932 |
| 2021 | $2,212 | $10,999 | $2,437 | $8,562 |
| 2020 | $1,833 | $8,228 | $2,437 | $5,791 |
| 2019 | $1,900 | $9,458 | $2,437 | $7,021 |
| 2018 | $1,868 | $9,458 | $2,437 | $7,021 |
| 2017 | $4,373 | $20,313 | $2,250 | $18,063 |
| 2016 | $4,068 | $20,313 | $2,250 | $18,063 |
| 2015 | $3,722 | $20,313 | $2,250 | $18,063 |
| 2014 | $5,120 | $27,594 | $2,062 | $25,532 |
| 2013 | $5,019 | $27,594 | $2,062 | $25,532 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2026 04/07/26 | Pending | -- | -- | -- |
| 03/20/2026 03/20/26 | Price Changed | $264,000 | -0.4% | -- |
| 03/02/2026 03/02/26 | For Sale | $265,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12581608
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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