5319 Ellis Avenue, Hyde Park, Chicago, Illinois 60615
$592,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1912 |
| Property Taxes: | $10,658 |
| Days On Market: | 814 |
| Lot Size: | 0,00 |
Description
Attention investors and house hackers!!! Welcome to 5319 S. Ellis Ave., a remarkable multi-family building in the heart of Hyde Park. This elegant brick walk- up exudes timeless charm, showcasing classic historic Chicago architecture while boasting excellent income. The property has two spacious 3-bedroom | 2-bathroom units and a bonus non-conforming garden unit with 2 bedrooms and 1 bathroom. Meticulously cared for, this building has undergone regular maintenance and updates since its 2009 renovation. Each apartment offers an irresistible blend of desirable features, including open floor plans, generous square footage, ample bedroom space, and abundant natural light. The units have been thoughtfully enhanced with updated kitchens and the convenience of in-unit laundry. Owner expenses are minimized through individual and separate utilities. 5319 S. Ellis Avenue presents a remarkable investment opportunity for those seeking to acquire a property in the highly sought-after Hyde Park neighborhood, one of Chicago's most dynamic and rapidly developing areas. With this investment, a new owner can capitalize on the potential to add value without incurring the substantial costs associated with a full-scale construction renovation. By adjusting rental rates to match those already achieved within the building, the incoming owner can further enhance its income potential. Live in one unit and let the rest of the building pay your mortgage or add to your portfolio for a long term hold. This unique offering allows for the acquisition of a stable investment with upside in an excellent location, ensuring a solid cash-on- cash return for years to come.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1912 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 11821387 | |
| 20113170040000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 29 Sep, 2009 | Sold | $310,000 | MRED MLS |
| 23 Mar, 2009 | Under contract | $325,000 | MRED MLS |
| — | Last price change | $390,000 | MRED MLS |
| 15 Jul, 2008 | Listed for sale | $400,000 | MRED MLS |
| 15 Nov, 2023 | Sold | $592,500 | MRED MLS |
| 28 Sep, 2023 | Under contract | $595,000 | MRED MLS |
| — | Last price change | $799,000 | MRED MLS |
| 30 Jun, 2023 | Listed for sale | $799,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Partially Finished
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 25 X 164 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $5,890 |
| 2023 | $10,658 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
Triton Realty Group LLC
