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6501 S Hermitage Avenue

Chicago, IL 60636
  • $534,900
  • STATUS: Active
  • MLS #: 12445921
UPDATED: 28 min ago
$534,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1911
County:
Area:

School Ratings & Info

Description

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 Studio with a full bath with near market rents. All residential units leased at market rates making this a stable addition to any investors portfolio. 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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T23:03:57.62 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6501 S Hermitage Avenue Chicago, IL 60636

  • Price: $534,900
  • Status: Active
  • On Site: Days
  • Updated: 28 min ago
  • MLS #: 12445921
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1911
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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 Studio with a full bath with near market rents. All residential units leased at market rates making this a stable addition to any investors portfolio. 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.
Exterior Features

Outdoor Parking 1-5 Spaces

Interior Features

Cooling Window Unit(s) Heat Ventilation Central Heat/Indiv Controls Number Of Dryers 3 Number Of Ranges 5 Number Of Washers 3

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 6200 Built Before1978 YN Yes Electric Circuit BreakersSeparate Meters Fire Protection Alarm On SiteFire Extinguisher/sSmoke or Fire ProtectorsCarbon Monoxide Detector(s) Geographic Locale Chicago South Gross Income 109000 Gross Scheduled Income 108000 Insurance Expense 4320 Mls Actual Status Active Net Operating Income 79573 Number Of Tenants 5 Operating Expense 10607 Property Sub Type Mixed Use Rental Price 15 Tax Annual Amount 1687 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 7515 Township Hyde Park Type Mixed Use Zoning MULTI

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of Baird & Warner: 312-640-7010.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T23:03:57.62 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Leila Keene & Marjorie Allabastro Team | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60642