5247 Hermitage Avenue, New City, Chicago, Illinois 60609
$228,750
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 1916 |
| Property Taxes: | $1,341 |
| Days On Market: | 919 |
| Lot Size: | 0,00 |
Description
Located in the Back of the Yards neighborhood the South/West commercial corridor. The area is part of Chicago's citywide plan aimed at revitalizing two communities calling them, New City. Purchasing this brick three flat building that features three separate units - a 2 bed/1 bath 1st floor with a current mo.-to-mo. tenant; immediate occupancy upon closing. 1 bed/1 bath units on the 2nd and 3rd floors will be an opportunity to be apart of the community. An approved $58 million mixed-use development, United Yards; includes retail, health clinic, brew pub and affordable housing. The Back of the Yards College Preparatory High School was awarded $2.5 million grant from the Illinois State Board of Education. The Hatchery, a $34 million food and beverage incubator that is expected to create hundreds of jobs and attract new businesses. Additionally, the Back of the Yards Neighborhood Council is working to revitalize the area by promoting economic development and improving public safety. The building has new windows and a newer roof, but is in need of repair/ renovation. The attic has duplex potential. Property is being sold as is, giving potential buyers the chance to customize to their own specifications. Bring your contractor to realize the building's potential. As the Back of the Yards neighborhood continues to develop this Brick 3flat presents a unique investment opportunity. With it's prime location and potential for additional living space, this building can be an excellent investment opportunity. Don't miss your chance to be a part of the neighborhood and transform this property into your beautiful and profitable asset!
Property Specifics
| Multi-unit | |
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| 1916 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| 11807903 | |
| 20074130190000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Sep, 2023 | Sold | $228,750 | MRED MLS |
| 20 Jun, 2023 | Under contract | $230,000 | MRED MLS |
| 14 Jun, 2023 | Listed for sale | $230,000 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Unfinished
Other Specifics
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| 25X 125 | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $1,341 |
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Listing Provided By
Village Realty, Inc.
