5419 S Hermitage Avenue
Active Under Contract 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.
| Price: | $264,000 |
|---|---|
| Address: | 5419 S Hermitage Avenue |
| City: | Chicago |
| State: | Illinois |
| MLS: | 12581608 |
| Lot Square Feet: | 0 acres |
| Bedrooms: | 6 |
| Bathrooms: | 2 |
| mrdMc: | Active |
|---|---|
| mrdRr: | yes |
| mrdAge: | 100+ Years |
| mrdB78: | yes |
| mrdHem: | yes |
| mrdIdx: | Y |
| mrdInf: | None |
| mrdLsz: | Less Than .25 Acre |
| mrdSas: | N |
| mrdTmu: | 2 Flat |
| mrdTnu: | 2 |
| taxyear: | 2024 |
| roomType: | Utility Room-Lower Level |
| mlsstatus: | Contingent |
| mrdRebuilt: | yes |
| possession: | Closing |
| roomstotal: | 10 |
| contingency: | Attorney/Inspection |
| mrdBoardnum: | 8 |
| watersource: | Lake Michigan |
| actualStatus: | Contingent |
| mlsareamajor: | CHI - New City |
| mrdRehabYear: | 2023 |
| waterfrontyn: | no |
| buyerteamname: | TEAM JC |
| mrdConttoshow: | Yes |
| mrdRebuiltYear: | 2023 |
| mrdSpecSvcArea: | N |
| taxannualamount: | 4140.73 |
| mrdFullBathsBldg: | 2 |
| foundationdetails: | Concrete Perimeter |
| lotsizedimensions: | 25X125 |
| newconstructionyn: | no |
| architecturalstyle: | Contemporary |
| highschooldistrict: | 299 |
| allowedUseCaseGroups: | IDX |
| purchasecontractdate: | 2026-04-07T00:00:00+00:00 |
| elementaryschooldistrict: | 299 |
| speciallistingconditions: | None |
| middleorjuniorschooldistrict: | 299 |
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Listed by: Real Estate Growth Partners