Chicago, IL 60636 6501 S Hermitage Avenue
$535,000
9 more
Presented By: Baird & Warner
SQFT • 6,200
Home Details
This newly renovated (2021) 6 unit mixed use building has a very favorable unit mix featuring three 3 bed 2 bath units, two 2 bed 1 bath units and one commercial space with a full bath with near market rents in all units except 1. While there's some upside potential on income, this property is an easy armchair addition to your portfolio with positive cashflow and very little to no deferred maintenance. With one unit vacant - the property is easy to show as initial showings will be of the vacant unit and common areas. This property is eligible for several financing options for well qualified buyers - please inquire with listing agent if you're seeking a resource to fund this deal.
Presented By: Baird & Warner
General for 6501 S Hermitage Avenue
Additional Parcels Y/NNo
Cap Rate13
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
DirectionsContinue straight onto S Wentworth Ave Turn right onto W Marquette Rd Turn right onto S Hermitage Ave Destination will be on the right
ElectricCircuit Breakers, Separate Meters
Electric Expense1300
Fuel Expense
Gross Income99900
Insurance Expense4320
Lot Size Square Feet5535
MLS AreaCHI - West Englewood
ModificationTimestamp2025-08-19T05:07:33.238Z
Net Operating Income69293
Number Of Units Total6
Operating Expense10607
PossessionClosing
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount1687
Tax Year2023
Tenant PaysElectricity, Heat
TownshipHyde Park
Trash Expense0
Water Sewer Expense3300
Year Built1911
ZoningMULTI
Exterior for 6501 S Hermitage Avenue
Building Area Total6200
Lot Dimensions.12
Additional Details
Price History
