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4521 S Hermitage Ave
Multi-Family
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$610,000

4521 S Hermitage Ave, Chicago

48% below median
10 bd·5 ba·0 sqft
Built 1888New City

4521 S Hermitage Ave, Chicago, IL

10 bd · 5 ba · 0 sqft Multi-Family listed at $610,000, built in 1888 in the New City neighborhood.

About this home

**Attention** Amazing Investment Opportunity in New City/Back of the Yards. Move in ready 4 units, brand new, fully gutted and rehabbed with plans and permits from the City of Chicago. Everything is new, luxurious and pristine. New copper pipe all throughout, new electrical all throughout, new furnaces and central heating/cooling for each unit. New roofing. New individual water heaters for each unit. New kitchen cabinets as well as new appliances for each unit. Bathrooms have been remodeled and new flooring installed in every unit. Everything is brand new. **Unit 1** First floor front unit featuring a 2 bed/1 bath with high ceilings. **Unit 2** First floor rear unit featuring a 2 bed/1 bath with high ceilings as well. **Unit 3** Second floor unit expanding the entire length of the building featuring jumbo ceilings and 3 bed/2 bath with a master suite bathroom and a huge master closet. **Unit 4** Legal Lower Level unit expanding the full length of the property and features a beautiful kitchen and 3 bed/1 bath. The first and second floor units feature massive ceilings, allowing for tons of natural light to flow in. Luxury light fixtures installed all throughout the building. A brand new wooden deck was constructed and finished in 2025, allowing access to the three back units, as well as space for outdoor use. A new parking pad and fence along the back alley have also been put in. Additionally, this beautiful property is a stone's throw away from Davis Square park. A prime location in a flourishing neighborhood with strong rental activity. The amount of the listed rents are projected based on the property condition, neighborhood, and property features. ACT QUICKLY! This is an incredible investment opportunity featuring a strong projected cash flow. Live in one unit, rent out the other three, or simply make an excellent addition to your investment portfolio.

Property details

Price
$610,000
Bedrooms
10
Bathrooms
5
Year built
1888
Type
Multi-Family
Days on market
101
Est. property tax
$12,688/yr · $1,057/mo · 2.08% IL avg
Last sold
$100,000 · Nov 2024

Estimated monthly payment

Down payment20% ($122,000)
Interest rate6.75%
Principal & Interest$3,165
Property Tax$559
Insurance$150
Total$3,874/mo

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Price history

▼ 3%Most recent change on 2026-02-11: $629,000 → $610,000.

$688K$334K$-20K$39K on Jan 00 (Sold)$90K on May 00 (Sold)$116K on Sep 01 (Sold)$160K on Feb 08 (Initial list)$160K on Sep 08 (Price change)$150K on Jan 24 (Initial list)$140K on Jan 24 (Price change)$140K on Aug 24 (Initial list)$140K on Aug 24 (Initial list)$140K on Aug 24 (Initial list)$140K on Sep 24 (Initial list)$100K on Oct 24 (Sold)$629K on Jan 26 (Initial list)$610K on Feb 26 (Price change)
$39K · Jan 00$610K · Feb 26
  1. Feb 11, 2026$610,000Price change
  2. Jan 14, 2026$629,000Initial list price
  3. Oct 31, 2024$100,000Sold
  4. Sep 3, 2024$139,900Initial list price
  5. Aug 22, 2024$139,900Initial list price
  6. Aug 9, 2024$139,900Initial list price
  7. Aug 2, 2024$139,900Initial list price
  8. Jan 23, 2024$139,900Price change
  9. Jan 5, 2024$149,900Initial list price
  10. Sep 7, 2008$159,900Price change
  11. Feb 16, 2008$159,900Initial list price
  12. Sep 14, 2001$116,000Sold
  13. May 15, 2000$90,000Sold
  14. Jan 6, 2000$39,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 4521 S Hermitage Ave, Chicago
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Home Intelligence

Neighborhood (zip 60609)

This neighborhood is primarily renter-occupied (40% owner-occupied). Median age is 35.4; 11% hold a bachelor's degree; median household income is $47,209.

Median income
$47,209
Median age
35.4
Owner-occupied
39.6%
Bachelor's degree
10.7%
Census median home value
$228,800

Source: US Census Bureau American Community Survey 5-year estimates.

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