photo of Nikki Mayer
Nikki Mayer
Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
Mobile:
708 268 2313
infohometown@gmail.com
4314 Hermitage Avenue
Chicago, IL 60609
$319,999.00 listing calculator
2 Beds /1 Baths

Listing Description


Solid 4-unit multifamily with 2 IN-LAW BASEMENTS opportunity located in the New City/Back of the yards neighborhood, offering strong upside and cash-flow potential after cosmetic improvements. Major updates already completed include a brand-new roof (2-3 years) and new 5/8" drywall throughout the property, providing a strong foundation for a value-add strategy. The heating system is fully functional, allowing investors to focus on increasing rents rather than major repairs. Conveniently located just one block from a park and 2 blocks away from a public school, supporting consistent rental demand. Ideal for investors looking to force appreciation, increase NOI, and maximize long-term returns. Property sold AS-IS. Buyer responsible for all due diligence. Fully occupied currently renting under market value. Increase rents for a higher cash-flow. Perfect investment for buy and hold investors or family looking to live and rent out the other units to get your mortgage paid. Dont miss out on this opportunity . Schedule your showing and start building your rental portfolio with this property.